Snam

Snam was founded on 30 October 1941 in San Donato Milanese, Lombardy, with the name Società Nazionale Metanodotti.

On 1 June 2001, it changed its name to Snam Rete Gas. It has been traded on the Borsa Italiana since 6 December 2001.[6] On 1 January 2012, it was renamed with the original name of Snam.

In April 2019, Snam launched the first injection of a hydrogen and natural gas into the pipeline, the Europe’s first commercial test of a hydrogen-methane blend in a high-pressure network.[7]

Snam has following subsidiaries:

• Snam Rete Gas S.p.A.: the transmission system operator for natural gas;
• Stogit S.p.A.: storage of natural gas;
• GNL Italia S.p.A.: for the regasification of liquefied natural gas.
• Snam4Mobility: promotes the development of natural gas in the form of CNG (compressed natural gas), LNG (liquefied natural gas) and biomethane (100% renewable gas) as a clean, efficient and competitive fuel for light and heavy vehicles. It controls Cubogas (100%)[8]
• Snam 4 Environment: promotes biogas and biomethane infrastructures development through its subsidiaries Renerwaste,[9] (83%), IES Biogas (70%)[10] and Enersi Sicilia (100%)[11]
• TEP Energy Solution (82%): one of Italy’s leading enterprises in the energy efficiency sector[12]

As of Aug 2019[13]

Appointed by the Shareholders’Meeting on June 2020

Snam's approach to sustainability is based on Shared Value, a concept elaborated by Michael E. Porter in collaboration with Mark R. Kramer that explores the link between a company and its environment and their mutual interdependence.[14] In order to create Shared Value, Snam promotes sustainable development and ESG (Environment, Social, Governance) factors integration along its entire transport, dispatchment, regasification, storage and distribution process. Snam adopts an ESG Committee, made up of independent members of the board with advisory function on the link between corporate performance and environmental, social and governance factors.[15]

In 2009 the company joined the United Nations Global Compact [16] and since 2006 has published a sustainability report in accordance with the Global Reporting Initiative's guidelines.[17] Since 2015 Snam also has published an Integrated Report, inspired by International Integrated Report Council (IIRC) principles, inside the Annual Report, and since 2018 Snam has published the Non Financial Statement according Italian Dlgs. 254 still inside Annual Report. Moreover, Snam has adhered to the Task Force on Climate-related Financial Disclosures (TCFD) in 2018 and published its first document about Climate change, “Snam for the future”.

Snam operates within the reference framework of the United Nations Universal Declaration of Human Rights, the Fundamental Conventions of the ILO and the OECD Guidelines on Multinational Enterprises.

Its commitment towards the environment focuses on the reduction of greenhouse gas emissions and safeguarding biodiversity. Among its social initiatives, Snam partners with Legambiente and Federparchi and, in 2012, joined the Sodalitas Foundation, which seeks to build bridges between the entrepreneurial world in Italy and the non-profit sector.

In 2017 Snam established its corporate foundation – Fondazione Snam - with the aim of contributing to the social, cultural and economic growth of areas affected by Snam's activities or marked by social inequality.[18]

• Società Sportiva Metanopoli
• Terna Group - the main electricity grid owner in Italy, responsible for high voltage electricity transmission and dispatching nationwide
• Enagás - Technical Manager of the Spanish gas System and the main carrier of natural gas
• Red Eléctrica de España (REE): manages the Spanish transmission grid and acts as sole transmission agent; it is also the System Operator
• National Grid (UK): operates in the regulated businesses of transmission and distribution of electricity and gas mainly in the United Kingdom and northeastern United States

• Official website