Energy to inspire the world: Snam’s purpose
In a time of transformation and change, the company must be clear about the reason for which it exists: its purpose. To find it, it is necessary to reshape the organisation and activate a collective exercise among people of research and analysis of the added value that can be contributed to the world. Today, more than ever, it is necessary to have a broader outlook and range of action than in the past, aiming to create solid relationships between people, suppliers and communities, responding to the needs of sustainable development for all stakeholders.
“Energy to inspire the world” is the purpose of Snam, where its history and values come together.
The Group’s strong engineering tradition, its sense of belonging to the energy industry and its great capacity for building infrastructure, combined with its founding values and the role that the Group aims to have in the energy transition, have been the basis of the path that Snam has taken to achieve its purpose. Snam is much more than a company that builds and manages energy infrastructures: with the work of its people it guarantees secure supplies, enables millions of homes to be heated, connects countries and communities, creates opportunities for development while respecting the environment and is a key player in the energy transition.
Purpose is a daily commitment for Snam: it is part of its culture and strategy. With the new Towards Net Zero Strategic Plan, the Group has set itself the goal of taking a leading role in the energy transition, thanks to the new businesses (biomethane, hydrogen, energy efficiency, sustainable mobility) and the innovation component, and aims of achieving carbon neutrality by 2040, ahead of the European target set for 2050.
To achieve the objectives outlined above, Snam adopts sustainable finance policies and tools that are consistent with its strategy and aimed at developing a transparent and efficient financial market.
Sustainability is central to the Group’s strategy and this is also demonstrated by the the ESG Scorecard, which aims to explain and report to stakeholders in a timely and transparent manner the environmental, social and governance targets that Snam has defined in line with its sustainable development strategy
Energy transition and sustainable success in the Snam Articles of Association
“Energy to inspire the world” is the message that guides Snam’s way of doing business and that, in 2021, was formally added to its Articles of Association. In fact, on 2 February 2021 the Shareholders’ Meeting approved the amendment to the Articles of Association, expressly referencing energy transition business in combination with core regulated activities business, as well as including the pursuit of sustainable success among the goals which the Company’s business must focus on.
Sustainable Development Goals
In pursuing its purpose, Snam reconciles its strategic choices with its commitment to achieving the Sustainable Development Goals (SDGs) defined by the United Nations in 2015.
The 17 SDGs and their targets represent an important reference for Snam, which focuses its efforts on those that are closest to its mission, purpose and activities.
We build innovative energy infrastructures and offer integrated services that connect people and communities
We are committed to a stable supply with maximum safety and environmental protection
We promote the development of our people, ensuring respect for the dignity and diversity of each individual
We invest in tomorrow’s energy sources and design infrastructure for a more sustainable future
We integrate with the territories and provide the communities in which we operate with skills, technologies and resources to create new opportunities and contribute to economic and social development
We follow an ethical and socially responsible business model, generating value for all our stakeholders