Snam SpA 2019 AR2
The report highlights Snam's strong financial and operational performance in 2019, with gas demand in Italy growing to 74.34 billion cubic metres and adjusted net profit increasing by 8.2% to ’1,093 million. Snam made significant strides in the energy transition by establishing a Hydrogen Business Unit and successfully trialling a 10% hydrogen-natural gas blend in its transmission network. The company also expanded its biomethane footprint through the acquisition of Renerwaste and launched its first Climate Action Bond in Europe, raising ’500 million for green projects. Additionally, Snam reduced its direct greenhouse gas emissions by 10% and committed to a 40% reduction in methane emissions by 2025.
Company: Snam SpA
Sector: Transport & logistics
Country: Italy
Year: 2019
Type: AR2
Pages: 338
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Snam SpA
Annual Report
The report highlights Snam's strong financial and operational performance in 2019, with gas demand in Italy growing to 74.34 billion cubic metres and adjusted net profit increasing by 8.2% to ’1,093 million. Snam made significant strides in the energy transition by establishing a Hydrogen Business Unit and successfully trialling a 10% hydrogen-natural gas blend in its transmission network. The company also expanded its biomethane footprint through the acquisition of Renerwaste and launched its first Climate Action Bond in Europe, raising ’500 million for green projects. Additionally, Snam reduced its direct greenhouse gas emissions by 10% and committed to a 40% reduction in methane emissions by 2025.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Energy Consumption
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees