Snam considers sustainability to be an important element in establishing its business strategy and making investment decisions. In short, an important development factor for all fields of activity. An integral part of the sustainability management model is the sustainability report, which enables Snam, on a yearly basis, to check the progress made, identify opportunities for improvement and strengthen its relationship and collaboration with all its stakeholders.
Snam has adopted a different approach in its 2016 sustainability report, including the concept in the name of the document. In fact, this year’s edition has a new title: “Natural gas for decarbonisation – 2016 sustainability report”.
The document is made up of two parts: part one, entitled “Natural gas and climate change”, discusses the role of natural gas in the energy challenges associated with sustainable development and Snam’s commitment to encourage its use. Starting from the international agenda for combating climate change and concluding with the strategies and activities that Snam is developing on the new uses of natural gas (CNG, biomethane, small scale LNG, gas powered heat pumps, etc.), the objective is to illustrate Snam’s role in the decarbonisation process.
Part two of the document, entitled “CSR and performance” presents the sustainability information and performance in compliance with the “In accordance - Comprehensive” option of the G4 “Sustainability Reporting Guidelines”.
The sustainability report was approved by the Board of Directors on 6 March together with the Annual Report and was subjected to a review (the so-called “limited assurance”) by the auditing company Ernst & Young.