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Snam's commitments

Snam's commitments

Snam's commitments are on many fronts, from those on the environment with the commitment for carbon neutrality to 2040, the industrial plan to support the energy transition, the reforestation initiatives with Arbolia, to the continuous commitment in the social with, among other things, the support to the supply chain and the numerous initiatives of Snam Foundation, also involving employees, for the Covid-19 emergency.

Attention to the social dimension is also demonstrated by the support to Global Compact initiative and by the activities of the Snam Foundation, established in 2017, with the goal of making the Company's skills and know-how available to contribute to the progress and growth of the country. Strengthening the capacity to support the needs of a changing world, the Foundation promotes the dissemination of social innovation. The environmental dimension is the protagonist of the new Net Zero Carbon strategy by 2040 and all ESG factors relevant to the company and stakeholders are monitored with three-year targets in the ESG scorecard.

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. Initiatives as the corporate volunteering and the employees engagement show that.

Actually Snam gives special emphasis on safeguarding its employees and suppliers, also through specific development programmes such as “Snam4Safety”, for the promotion and dissemination of the culture of workplace health and safety or the adoption of innovative policies such as the Social Supply Chain policy. As further confirmation of the Company's commitment to the ongoing professional development of its people, the Snam Institute provides yearly more than 100,000 hours of training to company employees.

The environmental dimension remains the focus of the new strategic plan with the Net Zero Carbon strategy to 2040 and the ESG scorecard in which three-year targets have been set covering all ESG factors.

The focus on sustainable growth is also reinforced by Snam’s active support of Global Compact and its principles, and the Sustainable Development Goals.

Policies

  • 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

  • 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  updated in June 2021  

  • 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)

  • Snam considers the Human Rights Protection an issue of paramount importance.  In this view, the Company updated in June 2021 its Policy about Human Rights

  • Snam believes that Supply Chain's activities must promote an inclusive and sustainable economic growth. To this end the Company adopted in November 2018 the Social Supply Chain Policy 

  • Given the great importance attached to occupational health, safety, environmental protection and the quality of services provided, in September 2019, Snam also updated its Health, Safety, Environment and Quality Policy ; this Policy applies to all employees, both staff and operational-territorial ". Snam guarantees all health and safety safeguards for all personnel who in any capacity work within their facilities. The principles expressed in the Corporate Policy extend to all subsidiaries
  • For Snam diversity means assuring meritocracy and creating work environments open to inclusion values, for this reason, in October 2019 the Policy Diversity & Inclusion was adopted
  • Reflecting Snam's committment on gender topic and to guarantee fairness during recruiting phases since November 2020 three annexes were added to the Policy Diversity & Inclusion: the Policy Diversity & Inclusion: gender equality , the Policy Diversity & Inclusion: recruiting and the Policy Diversity & Inclusion: harassment 
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Discover Snam’s strategy for the future

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Learn more about the relationship between Snam and Global Compact

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Download Snam’s policies and other relevant documents

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updated
11 June 2021 - 14:09 CEST