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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 defined a plan to become Net Zero Carbon by 2040, which includes intermediate targets for the reduction of greenhouse gas emissions by 2030.

In this context, Snam has decided to further strengthen and substantiate its commitment by defining a Plan to become Net Zero Carbon by 2040, which identifies ambitious objectives and concrete actions in the short, medium and long term.
In particular, the new Net Zero Carbon plan provides for a progressive reduction of Scope 1 and 2 emissions, in line with the commitments defined in the Paris Agreement to contain global warming by 1.5 ° C, and a gradual containment of Scope 3 emissions, through an ever-increasing awareness and involvement of the value chain, primarily suppliers and investee companies.

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 carbon neutrality therefore envisages the following targets:

  • - 45% of natural gas emissions by 2025 compared to 2015 values, in accordance with UNEP Oil & Gas Methane Pathnership (OGMP) Framework;
  • - 50% of Scope 1 and 2 emissions by 2030 compared to 2018 values;
  • Net zero for Scope 1 and 2 emissions by 2040.

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)

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

 

As part of its Net Zero Carbon plan, Snam has foreseen concrete actions to undertake a process of defining reduction targets also for Scope 3 emissions.
In particular, with regards its supply chain, Snam:

  • it sent simplified questionnaires to begin mapping greenhouse gas emissions to all suppliers;
  • it asked its most significant suppliers in terms of procurement to fill in the CDP Supply Chain Questionnaire;
  • it is setting up working groups with comparable clusters of suppliers to define reduction objectives and common strategies.

Furthermore, Snam is starting a dialogue to reduce the emissions of its investee companies, through the organization of workshops and training to share best practice and also facilitating for the direct involvement of its commercial partners, as well as shareholders.

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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
18 March 2021 - 17:49 CET