Snam joins Nasdaq Sustainable Bond Network
San Donato Milanese (Milan) – January 19, 2021 – Snam has joined the Nasdaq Sustainable Bond Network, the sustainable finance network run by Nasdaq which brings together investors, issuers, investment banks and specialist organisations.
By joining this network, celebrated through the projection of the Snam logo on Nasdaq Tower in Times Square, New York City, Snam will be able to further broaden its potential audience of international investors more sensitive towards sustainability-related issues.
Marco Alverà, CEO of Snam, stated:
"Joining the Sustainable Bond Network marks an important acknowledgment of Snam's engagement and leadership in sustainable finance whose contribution of available corporate financing is expected to increase from 40% to 60%, in line with the company's strategy to 2024. Sustainable finance is indeed one of the pillars of Snam development strategy as well as of our investments in the energy transition as a way to actively contribute to a zero emission world".
After becoming the first European company to launch a 500 million euros Climate Action Bond in 2019, Snam is now a frontrunner in the issuance of new transition bonds through its 500 million euros and 600 million euros bonds respectively in 2020.
19 January 2021 - 14:31 CET