Snam draws the 2017 Sustainability Report as "in accordance" - comprehensive according the GRI standards
The Report is prepared in accordance with the GRI standards 2016: the analysis of materiality was updated in the 2017
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 2017 sustainability report, including the concept in the name of the document. In fact, this year’s edition has a new title: “Corporate Responsibility and Social Innovation – 2017 sustainability report”.
The document is made up of two parts: part one, entitled “Corporate Responsibility and Social Innovation”, is dedicated to the history of Snam which, urged on by the UN's Sustainable Development Goals, intends to also be a protagonist on the social front, based on its renewed ability to interpret community needs and, together with institutional and local stakeholders, find the most effective solutions.
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 CONSOLIDATED SET OF GRI SUSTAINABILITY REPORTING STANDARDS 2016 (GRI standards).
At the end of 2017, Snam began an activity to update the topics that historically fell within the remit of sustainability, to focus on those of a more material nature. To define the issues that are most significant, Snam proceeded to analyse both the perception of the issues from the company's perspective and the perception of the issues from the stakeholders' perspective (including employees), through a special on-line survey.
The joint consideration of internal and external significance led to identifying areas of priority and materiality.
> 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 standards) 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 2017 was performed by Ernst & Young which, once the audit was complete, issued an independent report.
In 2017, 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 2017, 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.
- 2017 Sustainability Report
- 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
17 April 2018 - 17:53 CEST