Elements of risk and uncertainty

Introduction

This chapter illustrates the main elements of uncertainty featured in the ordinary management of Snam’s operations.

The risks identified by Snam are broken down into financial and non financial risks. The latter are classified in the following categories:

• strategic;
• legal and non-compliance;
• operating.

Financial risks are illustrated in Note 25. “Guarantees, commitments and risks – financial risk management”, of the Notes to the consolidated financial statements.