55% GHG emissions | Snam | CFO Coalition for the Sustainable Development Goals

Company

...name...

Target detail

Archived target

Sustainable Development Goal (SDG)

SDG 13: Climate Action

Target year

2025

Target category

GHG emissions

Amount

55%

Description

% of reduction in natural gas emissions

Type of verification

The report where information about SDGs is disclosed is verified by a third party through a limited assurance according to ISAE 3000 issued by IAASB

Benchmarking proxy

The natural gas emissions target is ambitious and above what is recommended by the UNEP protocol (United Nations Environment Programme) on the reduction of methane emissions, issued by the Oil & Gas Methane Partnership - OGMP 2.0, a voluntary initiative that Snam joined in November 2020

Performance on target

Independently verified

Not independently verified

More SDG targets from Snam

30% Employee training

Introduction of ESG criteria in scoring models (% of expenditure)

55% Support to SMEs

% of local suppliers (Italy based SMEs) involved out of total contractualized suppliers

50% Support to SMEs

% spending to local suppliers (Italy based SMEs) on total procurement

99,9% annually Gas demand response

% of reliability levels on gas supply

>7,95 Net Promoter Score

Average annual customer satisfaction rate in terms of service quality (on a scale from 1 to 10)

80% Financial adaptation

% of ESG finance on total committed funding

56% Community engagement

% participation in welfare initiatives

30% Employee training

Introduction of ESG criteria in scoring models (% of expenditure)

55% Support to SMEs

% of local suppliers (Italy based SMEs) involved out of total contractualized suppliers

Employee retention

% employee engagement index (new methodology to be developed in 2023)

50% Support to SMEs

% spending to local suppliers (Italy based SMEs) on total procurement

<~last 5 years Reduced company involved accidents

IpFG (combined frequency and severity index)

99,9% annually Gas demand response

% of reliability levels on gas supply

>7,95 Net Promoter Score

Average annual customer satisfaction rate in terms of service quality (on a scale from 1 to 10)

80% Financial adaptation

% of ESG finance on total committed funding

175 CNG & L-CNG stations

Cumulated number of installed CNG and L-CNG stations

250M m3 Energy accessibility

Available LNG capacity for the SSLNG market (mln m3)

73 kton Energy efficiency

Reduction of CO2 equivalent from energy efficiency interventions (kton of CO2eq)

229M m3 Renewable Energy

Biomethane production

88% Non gasoline fleet

% of retrofitted or methane-powered cars out of the total company car fleet

>860 MWh annually Renewable Energy

MWh production of electricity by photovoltaic plants

27% Gender diversity

% of women in succession planning (first and second reporting lines and key positions)

27% Board diversity

% of women in executive and middle-management roles

56% Community engagement

% participation in welfare initiatives

<~last 5 years Reduced company involved accidents

IpFG (combined frequency and severity index)

100% Supply Chain

Percentage of third parties subject to the procurement process on which reputational checks have been carried out

>40% annually Community engagement

% of BoD time dedicated to ESG matters in strategy meetings and induction sessions

Employee retention

% employee engagement index (new methodology to be developed in 2023)

99% Biodiversity protection

% of vegetation recovery of natural and seminatural areas impacted by pipeline routing

55% GHG emissions

Scope 3 emissions reduction related to supplier emissions in terms of emission intensity (tCO2eq/M€ CapEx)

46% GHG emissions

Scope 3 emissions reduction related to associate emissions, fuel and energy production and transmission, business travels, employee commuting

100% GHG emissions

Net Zero (Scope 1 e 2)

50% GHG emissions

Reduction of scope 1 and 2 emissions

40% GHG emissions

Reduction of scope 1 and 2 emissions

28% GHG emissions

Reduction of scope 1 and 2 emissions

80% Financial adaptation

% of ESG finance on total committed funding

250M m3 Energy accessibility

Available LNG capacity for the SSLNG market (mln m3)

73 kton Energy efficiency

Reduction of CO2 equivalent from energy efficiency interventions (kton of CO2eq)

175 CNG & L-CNG stations

Cumulated number of installed CNG and L-CNG stations

229M m3 Renewable Energy

Biomethane production

88% Non gasoline fleet

% of retrofitted or methane-powered cars out of the total company car fleet

>860 MWh annually Renewable Energy

MWh production of electricity by photovoltaic plants

>40% annually Energy efficiency

% of natural gas recovered from maintenance activities

55% GHG emissions

% of reduction in natural gas emissions

5100 Community engagement

Number of employees hours devoted to Snam Foundation’s initiatives supporting local communities

100% Supply Chain

Percentage of third parties subject to the procurement process on which reputational checks have been carried out