Strategy and commitments
In November 2019 Snam launched the new Business Plan for 2019-2023 which follows a path that will enable the Company to rise to the challenges associated with climate change and contribute to the reduction in emissions, minimising the increase in global temperature and keeping down the cost of energy for end users.
As far as the sector for the production and distribution of biomethane is concerned, in 2019 Snam completed the acquisition of a stake of 82.63% of Renerwaste S.r.l., one of the largest companies operating in Italy in biogas and biomethane infrastructures.
Since its establishment in 2017, the Foundation has undertaken the development of new projects, involving the corporate area and its employees in initiatives and gained accreditation from other Foundations and third sector national bodies.
Through the adoption of the new Business Plan, and consistent with the previous one, Snam aims to act as a point of reference for the Italian and European journey towards decarbonisation. Natural gas and biomethane can be used to satisfy peak energy demand, compensating and supporting the production of energy from renewable sources.
As far as environmental protection is concerned, under the scope of the investments announced in the Business Plan, there are also new objectives for the reduction of methane emissions, ongoing efforts to reduce emissions and the maximisation of energy efficiency and the development of new businesses, such as biomethane, CNG and SSLNG. Specifically, Snam intends also to work on the potential of hydrogen as a solution for energy storage and to promote a more efficient use of intermittent renewable energy and so far experimented the injection in the network of up to 10% of hydrogen in order to evaluate the feasibility of such a mix. To uphold the importance that the Company gives to the environmental sustainability, in 2018 Snam also subscribed to the Guiding Principles “Reducing methane emissions across the natural gas value chain”, through which Snam commits itself to reduce methane emissions from the construction and management of natural gas infrastructure and to encourage its suppliers to do the same. Actually, reviewing the objective of the previous plan to reduce natural gas emissions by 25% by 2025 compared with 2016 levels, Snam set a new target in its Strategic Plan to reduce methane emissions, forecasting to reduce them by 40% by 2025. Besides the Company set other two important targets: the reduction of 40% of the GHG emissions scope 1 and scope 2 (still with 2016 base year) and the increase to 55% of the quote of green electric energy respect the total acquired.
Snam supports the Italian biomethane chain and will invest at least €100 million in this business segment by 2022. The Consorzio Italiano Biogas (CIB) estimated a biomethane production potential in Italy of 10 billion cubic metres by 2030, 80% of which will be produced from agricultural origins.
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.
In November 2019, through the subsidiary Snam 4 Environment, Snam completed the acquisition from Ladurner Ambiente and from AB Invest of a stake of 82.63% of Renerwaste S.r.l., one of the largest companies operating in Italy in biogas and biomethane infrastructures. Renerwaste with its three plants located, respectively, in the provinces of Lodi, Milan and Tortona, generates annual revenues of more than €20 million and employs around 50 people.
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.
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 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
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 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 May 2018 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
22 May 2020 - 12:46 CEST