Strategy and commitments
To ensure a long-term future for natural gas, Snam is continuing on its path of cultural, technological and organisational change, to become smarter and more innovative.
The first plant running on biomethane (a renewable and natural resource, which represent a great opportunity and an essential tool to decarbonise the agricultural industry) was connected to the network.
The Snam Foundation was created, and has already begun work to promote and develop capacities, facilitate social cohesion, grow and build networks and support youth entrepreneurship.
Snam will continue to invest, to improve competitiveness and the security of supply and to develop alternative uses for gas in the transportation of people and goods.
Together with the development of more strategic projects, this year Snam focused on the continuity of its responsible commitment, which has always set it apart in matters of safety and environmental protection, thanks to its operational model based on the adoption of standards of excellence. During the year, the operations carried out allowed Snam to avoid emitting more than 82,500 tonnes of CO2eq and the first positive result regarding its goal of reducing natural gas emissions by 10% by 2021 compared to 2016 was achieved with a reduction of 3.2%.
Snam supports the biomethane chain in Italy together with the Italian Biogas Consortium and Confagricoltura with whom it drafted a manifesto presented at the 2016 edition of Biogas Italy.
Italy, with 1,500 anaerobic digestion plants in operation, is currently the third largest producer in the world of biogas from agricultural matrices with approximately 2.4 billion cubic metres per year.
Biomethane’s contribution to the decarbonisation goals is not only limited to the energy consumption phase. Its production process can help significantly reduce the emissions of the agricultural sector and return organic substance to the soil with a philosophy of the circular economy: what remains after the anaerobic digestion process on agricultural matrices is in fact an excellent natural fertiliser.
The focus on social aspects is borne out also by the Snam Foundation creation and the support for Global Compact.
Sustainability is integral to Snam’s global strategy, investment decisions and everyday business practices: in short, it is a key development factor for all of the Group’s sectors of activity.
Since 2011, Snam has redefined its strategic thinking by reviewing its business activities from the perspective of Shared Value, which envisages an ever closer link between business activities and corporate social responsibility. This evolutionary approach, theorised by Michael Porter of Harvard Business School, is in line with the company’s vision of value created for itself and for its stakeholders. The strategic approach to Shared Value evolved over time being achieved by means of the Snam Foundationa creation. The Foundation has just the aim of intercepting the most promising ideas, mobilising financial and human resources and building relationships to increase the ability to design and execute them are practices too often limited by the company management philosophies.
The focus on sustainable growth is also reinforced by Snam’s active support of Global Compact and its principles, and the Sustainable Development Goals.
The sustainable development policy - drafted by Snam in May 2012 - is centralised at Group level and applies directly to all Group subsidiaries.
The Anti-corruption Policy declaration which prohibits bribery of any public or private party, without exception, is contained in the Anti-corruption Procedure
In addition to the Group policy, Snam has signed the Charter of Environmental Sustainability Principles , promoted by Confindustria as a policy-defining tool that sets out the shared values and the actions needed for a progressive move towards greater environmental sustainability, establishing realistic and achievable goals for Italian companies.
One of the sustainable development activities is a policy through which Snam develops and maintains its Business Continuity Management process: the purpose of this process is to increase the company’s ability to react in emergency situations and to improve the resilience of its business services. The Business Continuity Management policy is centralised at Group level and applies directly to all Group subsidiaries.
Given the great importance attached to occupational health, safety, environmental protection and the quality of services provided, in December 2017, Snam also updated its Health, Safety, Environment and Quality policy.
Snam, in accordance with the Sustainable Development Model and its strategic growth plans, has also created a policy to manage its philanthropic activities and social initiatives.
Snam recognises the central importance of stakeholders as the beneficiaries of the value created through the company's activities. In this view, the Company adopted in March 2016 a Stakeholder engagement policy.
Snam considers the Human Rights Protection an issue of paramount importance. In this view, the Company adopted in April 2017 a Policy about Human Rights.
Snam considers risk governance to be highly important and is committed to taking a structured, systemic approach to risk. In this view, the Company adopted in March 2018 the Enterprise Risk Management Guidelines (available only in italian).
08 May 2018 - 09:57 CEST