Policies, commitments and management models

Snam’s business development model is based on sustainable growth and the promotion of economic and social development and the continuous dialogue with all players in the communities and areas in which the business operates.

Snam, in line with the guidelines of its Stakeholder Engagement Policy, maintains regular and frequent relations with local government bodies and with local stakeholder associations.

Among the policies related to social aspects, the Group has drawn up its own Sustainable Development Policy and a Policy for the Management of Philanthropic Activities and Social Initiatives. In accordance with these documents, Snam is committed to foster local development through:

  • A continuous exchange with institutions and other stakeholders about authorisation and environmental impact assessments procedures and, for some plants, socio-economic processes.
  • Fondazione Snam52 promotes innovative “corporate citizenship” practices to promote civil, cultural and economic development in priority areas of public interest, encouraging partnerships and making design skills and expertise available.
  • Collaboration with local associations, Confindustria Energia and the authorities, with which it handles issues relating to energy, economic and environmental policies.
  • Collaboration, locally and nationally, with regulatory bodies and participation in associations and committees, lending its know-how and expertise on social innovation and sustainable development53.

Through its Code of Ethics, Snam is committed to protecting and promoting human rights. In this regard, Snam upholds the framework provided by the United Nation’s Universal Declaration of Human Rights, the Fundamental Conventions of the ILO – International Labour Organization – and the OECD Guidelines for Multinational Enterprises. In addition, the Group has set out a Human rights policy through which it pledges to prevent and denounce:

  • all forms of discrimination and violence, forced or child labour;
  • any form of sexual harassment or abuse regarding the personal and cultural diversity of individuals;
  • harassment or attitudes in any way attributable to bullying.

In addition, Snam has also adopted a Social Supply Chain Policy to facilitate the involvement of social enterprises in the supply chain, i.e. private entities that carry out activities in the public interest, on a non-profit basis and for civic, solidarity and social purposes. Snam also encourages the application of this policy for its subcontractors, by rewarding certain attributes when evaluating bids.

Finally, in order to further strengthen its Internal Control and Risk Management System, the Snam Group has adopted the Tax Control Framework (TCF), which provides a structured approach to the detection, assessment, management and control of tax risks, and has prepared the “Tax Control Framework – Tax Strategy” Guidelines.

52 More information on the Fondazione Snam can be found on the Company’s website: www.snam.it/en/about-us/innovation_and_technology/index.html
53 More information on relations between Snam and the associations is available on the Company’s website at: www.snam.it/en/about-us/innovation_and_technology/index.html

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