Snam net zero carbon
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Snam net zero carbon

 

The fight against climate change and a shift towards an increasingly decarbonised economy is the main challenge that the world faces today. The containment and reduction of greenhouse gas emissions, energy efficiency and the search for innovative and low-impact solutions are key elements of this path, in which natural gas plays a fundamental role.

Snam has extended its commitment to decarbonisation of its value chain as well as setting 2030 targets on Scope 3 emissions.

In this context, In this context, Snam has decided to strengthen its commitment to become Net Zero Carbon by 2040 for its activities by identifying further steps to reduce emissions in 2025, 2027 and 2030.
In addition, Snam plans a gradual reduction in Scope 1, 2 and 3 emissions, in line with the commitments set out in the Paris Agreement to limit the rise in global temperature to no more than 1.5°C.

Playing a fundamental role as a facilitator towards a low-carbon economy in Italy, Snam has expanded its business by going beyond the regulated market and heading towards the energy transition sectors. In recent years, in fact, it has demonstrated continued commitment and support for the development of sustainable mobility, through the signing of agreements and partnerships with the aim of supporting the expansion of the Italian network of compressed natural gas and liquefied natural gas distributors (small scale LNG, CNG), and investments in companies that promote energy efficiency solutions.
It has also been pivotal in the research and development of new renewable green gases, such as biomethane and hydrogen, which can be transported and stored in ever-increasing quantities even in existing infrastructures.

Snam's plan

Snam's plan to achieve net zero in its operations therefore includes the following targets:

  • -28% of Scope 1 and 2 emissions by 2025 compared to 2018 values, also thanks to -55% of natural gas emissions by 2025 compared to 2015 values, in accordance with UNEP UNEP Oil & Gas Methane Pathnership (OGMP) Framework;
  • - 40% of Scope 1 and 2 emissions by 2027 compared to 2018 values;
  • - 50% of Scope 1 and 2 emissions by 2030 compared to 2018 values;
  • Net zero for Scope 1 and 2 emissions by 2040.

In addition, in 2021 Snam has reinforced its commitment to decarbonisation by also setting targets on Scope 3 emissions:

  • - 46% of emissions from participated companies, fuel and electricity production, business travel and employee commuting by 2030 vis a vis 2019 values;
  • - 55% tCO2e/M€ capex for suppliers by 2030 vis a vis 2019 values.

The Scope 1, 2 and 3 targets to 2030 are aligned with the generic SBTi methodology to limit a global temperature rise to no more than 1.5°C.

Snam Net Zero Carbon

CATEGORY PERIMETER

Direct emissions (Scope 1)

  • - Methane emissions from the different business of Snam (transport, storage and regassification).
  • - Emissions due to Snam's direct consumptions, such as natural gas, used in combustion for industrial processes and in heating the offices, and fuels such as diesel, petrol and LPG.
  • - HFC emissions (not very significant), used in air conditioning systems.

Indirect energy emissions (Scope 2)

  • - Indirect emissions for the production of electricity and steam produced by third parties

 

To achieve the objectives set out in the Net Zero Carbon plan, Snam has planned various actions to reduce its Scope 1 and 2 emissions, which can be grouped into 3 macro-areas:

  • Reduction of emissions from Snam’s operations:
    • -Interventions and application of best practices for minimizing the methane emissions;
    • - reduction of Snam’s CO2 emissions and of energy needs, also thanks to the installation of new, more efficient elettrocompressior installed in the transport and storage stations;
    • - use of renewable electricity;
  • Reduction of emissions from Snam's buildings and company fleet:
    • - planning of the transfer to a new LEED GOLD certified office;
    • - utilization of green electricity from photovoltaic plants;
    • - conversion of the company vehicle fleet into methane vehicles.
  • Green gas development:
    • - development and insertion into the network of new green gases, such as biomethane and hydrogen.
  • The emissions that cannot be eliminated will be offset through select offsetting projects.
CATEGORY PERIMETER

Other indirect emissions         (Scope 3)

  • - Scope 1 and Scope 2 emissions from participated companies.
  • - Emissions from the supply chain.
  • - Emissions deriving from business travel and employee commuting.
  • - Emissions resulting from the extraction and network leaks of natural gas, fuels and electricity.

 

In order to achieve the new Scope 3 emission targets defined in 2021, Snam is working with participated companies and suppliers to define shared action plans.

Regarding activities with the supply chain, we will firstly incentivise those suppliers who define clear plans to reduce greenhouse gas emissions. Secondly, we will develop joint projects with our suppliers to promote emerging technologies that enable them to:

  • increase the use of green fuels (biomethane, hydrogen) and renewable energy in their production processes;
  • convert their vehicle fleets to green fuels.

Last but not least, we will work with those suppliers who are at the beginning of their reduction journey to measure their emissions more effectively.

In addition, Snam has set up a live and constant dialogue with its participated companies, through the organisation of workshops and meetings to share best practices for reducing greenhouse gas emissions. The main levers for decarbonisation in this area are:

  • the use of green gases and the installation of electric compressors to reduce CO2 emissions from combustion;
  • implementation of LDAR (Leak Detection and Repair) programmes to reduce fugitive emissions;
  • the use of energy from renewable sources.
Read more about our ESG scorecard

Read more about our ESG scorecard

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Discover Snam's strategic plan

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Discover our actions for energy transition

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updated
28 November 2021 - 10:11 CET