Strategy for the future
Snam commits to decarbonisation through the definition of a neutrality carbon pathway in its operations by 2040 and the definition of targets on its value chain emissions, involving in particular participated companies and suppliers.
The global context that has emerged in recent years poses crucial challenges regarding the definition of common policies to support the UN’s sustainable development goals and limit the consequences of climate change.
Aware of its key role in the country's energy transition, Snam shares the objectives of the European Green Deal for a "Just Transition" that does not only look at climate change but at the inclusion of workers and support for communities, guaranteeing social protection and respect for human rights. With this in mind, Snam has strengthened its business model, integrating sustainability even further into its industrial strategy.
As part of this, Snam has strenghtened its system for defining and monitoring the sustainability KPIs, setting ambitious objectives in all ESG areas relevant to its business, and demonstrating these to stakeholders through the development of an ESG Scorecard, aligned to the Strategic Plan horizon.
Snam commits also to decarbonisation by defining initiatives aimed at reducing greenhouse gas emissions related to its operations, reaching the carbon neutrality by 2040 and reducing Scope 3 emissions related to value chain through targets by in 2030.
Furthermore, the recent Russian-Ukrainian conflict has completely redefined the priorities, particularly at the European level, bringing backattention to the energy trilemma and the need to balance energy security, the achievement of carbon neutrality objectives and the competitiveness of the energy price.
In fact, the 2022-2026 strategic plan integrates sustainability and reconciles all these aspects by implementing the three pillars of the trilemma.
- Security of supply: develop the gas value chain infrastructure to enhance resilience through flexibility and adeguate sizing
- Sustainability: accelerate energy transition through green and low-carbon gases development
- Affordability: ensure energy cost-competitiveness through innovation efforts and efficiency initiatives
09 February 2023 - 12:37 CET