Reading Guide
The contents of the Report on operations, which constitutes the Integrated Report of Snam (hereinafter also Report on Integrated Management), are presented following the indications of the Framework proposed by the IIRC (International Integrated Reporting Council). The objective of the document is to represent, in addition to annual operating results, Snam’s model for the creation of value and the sustainability of the business over the medium and long term, thereby indicating and demonstrating the interconnections between strategy, governance, business and financial performance, and the social, environmental and economic environment in which the enterprise operates. The aspects covered by the Report represent the principal factors that have a potential impact on business and financial performance and material sustainability issues. The following schedules facilitate reconciliation of the various keys to reading and interpretation recommended by the IIRC Framework and the content of the Report. The management report also contains information referred to in the Consolidated Non-Financial Statement (NFS) which constitutes a specific section thereof, in compliance with the provisions of Legislative Decree no. 254/2016.
NFS contents are integrated, where deemed necessary and appropriate, by the information reported in the Report on operations, which can be identified and consulted by following the specific references: Infographics and grey background / character, associated with the paragraph title (if entirely referring to aspects described in the NFS) or to the specific text content
Time frames and dynamics |
Value-creation methods |
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Main operating activities |
Report references |
In the short-term, Snam creates value by pursuing its business in the manner established by the rules and procedures, with particular focus on risk management and operational efficiency. The main point of reference is the annual budget. |
Maintaining the efficiency and availability of the network and providing a quality service without interruptions |
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Executing the scheduled works |
Snam in 2018 - Summary data and information |
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Maintenance |
Snam in 2018 - Summary data and information |
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Controls and inspections |
Snam in 2018 - Summary data and information |
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Compliance with the network codes |
Business segment operating performance |
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In the medium term, the ability to carry out investment programmes, thereby ensuring a flow of resources and that favourable economic conditions are maintained, is also important. |
Preventing and mitigating risks and detrimental outside forces |
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Managing financial risks |
Elements of risk and uncertainty |
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Managing operating risks |
Elements of risk and uncertainty |
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Managing foreign partnership portfolios |
Snam in 2018 - Summary data and information |
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Managing crises |
Snam in 2018 - Summary data and information |
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Preventing accidents |
Other operating impacts and results |
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Mitigating environmental impact |
Other operating impacts and results |
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Reorganising processes and activities |
Business model and sustainable development |
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Maintaining the flow of investments |
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Investment planning |
Snam in 2018 - Summary data and information |
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Obtaining financial resources on the market |
Snam in 2018 - Summary data and information |
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Permissions |
Business segment operating performance |
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Implementation of CNG, biomethane projects |
Business model and sustainable development |
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In the long term, it is vital that the investment decisions and strategic choices made have interpreted trends in the best way possible. |
Maintain, develop and transform human and relational capital to develop the business |
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Relationships with Authorities |
Business segment operating performance |
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Managing the supply chain in relation to the development of construction sites |
Snam in 2018 - Summary data and information |
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Developing roles and capabilities |
Other operating impacts and results |
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Managing relations with local communities |
Other operating impacts and results |
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Partnerships related to new business |
Business model and sustainable development |
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Develop strategic directions and business development plans consistent with the reference scenarios |
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Planning infrastructure development |
Snam in 2018 - Summary data and information |
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The 2019-2022 Business Plan |
Business model and sustainable development |
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Creating sustainable value: the Snam business model |
Business model and sustainable development |