Snam’s energy and dedication in making sustainability an integral part of its business model was recognised and rewarded with the inclusion of its share on the key international sustainability indices, which increased the Company’s visibility in terms of socially responsible investors and, more generally, the entire financial market.
The performance of the Snam share compared with the main ethical indices was affected, particularly in the second half of the year, by dynamics relating to the unbundling from Eni; more details are provided under “Operational and financial performance”.
TREND OF THE SNAM STOCK AND PRINCIPAL ETHICAL INDICATORS
In 2012, the Snam share was again – and for the fourth consecutive year – included in the Dow Jones Sustainability World Index, which is the main share index based on corporate performance in maintaining commitments made in the field of economic, social and environmental sustainability.
Snam achieved an overall score of 80 points, improving on the previous year, and moved even closer towards the highest score in the utilities sector (86 points). This year’s results included a maximum score (100/100) achieved for approach and good practice in stakeholder engagements, which have long been cornerstones of Snam’s sustainability approach.
In May 2012, Oekom Research again recognised Snam as a leading company in terms of its commitment to the environment and social concerns, confirming its allocation of a “PRIME” level and increasing the rating from B- to B. Oekom Research is an international rating agency for socially sustainable investment, which operates on behalf of institutional investors and financial services companies, developing innovative investment strategies that combine sustainability research with high returns.
After the assessment carried out in 2012 by Vigeo (one of Europe’s leading environmental and social rating agencies), Snam was included in a new range of indices, the Vigeo World 120 and the Vigeo Europe 120, for companies with the best performance according to the 330 indicators used for the selection.
Snam is also present on the following sustainability indices:
