Risk management

Risk management

Although it has a limited economic and financial risk profile because most of its operations are in regulated business segments, Snam adopts a structured and systemic approach to governing all risks that could affect value creation.


Snam’s Internal Control and Risk Management System is one of the Group’s key elements and constitutes all the guidelines, regulations and organisational structures that allow for the identification, measuring, management and monitoring of the most significant risks and the monitoring of managerial processes.

The control system is divided into three levels, each with different objectives and associated responsibilities. The Board of Directors charges the CEO with giving structure to and maintaining the entire system. We use an integrated, dynamic and group-wide method of assessing risk that evaluates the existing management systems in the individual corporate processes, starting with those relating to the prevention of fraud and corruption and health, safety, environment and quality.

These same controls form an integral part of the managerial processes. Management must therefore foster an environment that encourages controls, and must specifically manage “line controls”, consisting of all the control activities that individual operating units or companies perform over their own processes.

Independent controls are performed by the Internal Audit department, which is responsible for checking that the system is functioning and adequate.

Control level 1 
(risk owner)
Snam and subsidiaries responsible for identifying, measuring and managing risks and implementing the related controls in the context of the processes pertaining to them
Group processes
Staff processes
Business processes
Control level 2 
(monitoring of risks and the adequacy of controls)


Enterprise Risk Management
Control Level 3
(indipendent audit)

Enterprise Risk Management Guidelines

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26 July 2022 - 17:48 CEST