Snam selfdeclares the 2016 Sustainability Report as "in accordance" - comprehensive according the guidelines GRI
The Report is prepared in accordance with the international standard G4 Sustainability Reporting Guidelines: the analysis of materiality was updated even if it remained substantially the same
Snam takes part in the Business Network run by the International Integrated Reporting Council (IIRC), an international organisation that defines the guidelines for the integrated report
Snam has published its Sustainability Report which is an integral part of the Company’s sustainability management model.
Since 2006, Snam has published its Sustainability Report on an annual basis. This document, which includes economic and social data, is the result of the evolution of the Health, Safety and Environmental Report that the company has published since its formation in 2001, and since 1994 as Snam S.p.A.
The sustainability report is an integral part of the sustainability management model is, which enables Snam, on a yearly basis, to check the progress made, identify opportunities for improvement and strengthen its relationship and collaboration with all its stakeholders.
Snam has adopted a different approach in its 2016 sustainability report, including the concept in the name of the document. In fact, this year’s edition has a new title: “Natural gas for decarbonisation – 2016 sustainability report”.
The document is made up of two parts: part one, entitled “Natural gas and climate change”, discusses the role of natural gas in the energy challenges associated with sustainable development and Snam’s commitment to encourage its use. Starting from the international agenda for combating climate change and concluding with the strategies and activities that Snam is developing on the new uses of natural gas (CNG, biomethane, small scale LNG, gas powered heat pumps, etc.), the objective is to illustrate Snam’s role in the decarbonisation process.
Part two of the document, entitled “CSR and performance” presents the sustainability information and performance in compliance with the “In accordance - Comprehensive” option of the G4 “Sustainability Reporting Guidelines”.
The materiality analysis was updated in 2016 in the light of distribution activities leaving the scope of the company. The analysis confirmed the materiality issues identified last year with some of them in a different position within the matrix
> Download the Statements for previous years
Acquisition processes, reporting criteria and results are verified annually by an external auditor
An external auditor is then engaged on an annual basis to analyse the information acquisition processes, reporting criteria and results according to the ISAE 3000 standard of the International Auditing and Assurance Standards Board (IAASB), an international standard used to audit non-economic/financial reports.
The activity is carried out in order to verify compliance with the principles for drafting Sustainability Reports (GRI Sustainability Reporting Guidelines G4) as described in the methodological note of the Report (for example analysis of the process of definition of material aspects accounted in the report).
The Assurance activity for 2016 was performed by Ernst & Young which, once the audit was complete, issued an independent report.
In 2016, Snam’s COP for Global Compact was classified as “advanced" level.
In addition, Snam, like all organisations participating in Global Compact, must provide an annual communication on progress. In 2016, Snam’s COP was classified as “advanced” level according to 24 criteria related to strategy, governance and stakeholder engagement, UN scopes and objectives, protection of human rights, labour and the environment, anti-corruption and creating a value chain.
- 2016 Sustainability Report
- 2015 Report on Corporate Social Responsibility
- 2014 Sustainability Report
- 2013 Sustainability Report
- 2012 Sustainability Report
- 2011 Sustainability Report
- 2010 Sustainability Report
- 2009 Sustainability Report
- 2008 Sustainability Report
- 2007 Sustainability Report
- 2006 Sustainability Report
14 April 2017 - 09:29 CEST