Italy, Oil & Gas

“Providing a clear reference for illustrating the value created in the short, medium and long term, means allowing investors to allocate their resources productively and efficiently.”

SNAM on integrated reporting in Annual Report Times (November 2016)

What SNAM says about its journey towards <IR>

We think that <IR> will help embed integrated thinking throughout the organization, enhancing dialogue and collaboration between different functions. We believe that the process will lead us to satisfy in a more comprehensive and integrated way the requests from the market, the authorities and the public for clearer, more transparent and “linked” information from the company. The integrated report enables stakeholders to better understand how the Snam group creates value for the society in which it operates, and the challenges that the group now has to tackle.

To date we have published two integrated reports (realised in the Directors’ Report inside the Annual Report) in 2015 and 2016.

SNAM’s integrated reports

Our reports, prepared in compliance with the IIRC’s International <IR> Framework, combine financial information with sustainability content and highlight the existing connections between the environment outside the Group, the Group’s strategy, the business model, the allocation of financial and non-financial resources, integrated risk management and the adoption of a rigorous governance system.

About SNAM

Snam is leader in Europe in the construction and integrated management of natural gas infrastructure.
With about 3,000 people, Snam is active in natural gas transportation (Snam Rete Gas), storage (Stogit) and regasification (Gnl Italia).

It manages a national transportation network that is more than 32,500 kilometers long, including 9 storage sites, and 1 regasification plant. Additionally, through associated companies Snam operates in Austria (TAG and GCA), France (TIGF), United Kingdom (Interconnector UK) and it is shareholder of the TAP project.  Snam has been a public company since 2001, and is listed in the FTSE MIB index of the Italian Stock Exchange.