Sustainability Profile 2023
Snam's choices in a changing world
In line with last year's first edition, the Sustainability Profile 2023 aims to outline Snam's strategy in regards to the sustainability challenges the Group faces in the context of an increasingly complex and multifactorial energy, geopolitical, economic, environmental and social scenario. But it also serves another purpose: the publication of this report marks the relaunch of Snam’s commitment to the area under the auspices of its new ambition, geared towards developing energy infrastructure for a sustainable future.
Download the report
If 2022 was a turning point for the global energy system, then the most recent year – although continuing to highlight the energy market’s volatility and the fragility of the social and economic equilibrium connected to it – have demonstrated the positive effects of the wide-ranging actions that Snam has undertaken. It has also shown the strategic importance of the Group’s short, medium and long-term objectives, which the new Strategic Plan to 2027 has extended with the addition of new challenging targets. These range from reaching Net Zero by 2050 for the entire value chain to achieving a positive impact by 2027 in regards to the ecosystems affected by the presence of the managed infrastructures.
2023 was a period of significant operational achievements. The first part of the year saw the arrival and commissioning at Piombino of the first of the two FSRUs purchased to accelerate the country's decoupling from Russian gas supplies. In the Ravenna area, in parallel, work has started to accommodate the second regasification vessel, which will be in operation by the first half of 2025. Filled in record time, the storage facilities – due partly to counterflow services – ensured security of supply and flexibility for shippers, while the positive environmental impact assessments secured during the year will allow several sites to operate overpressure, further boosting the system’s resilience.
Given the strength of our position within the value chain, at Snam we aspire to be a benchmark and model of sustainability in the creation and operation of energy infrastructure in Italy and Europe.
We continue to pursue all of the Group's objectives, from those related to energy security to those related to decarbonisation and the transition, in the joint interest of Italy and Europe and, above all, with a view to building cooperation and working alongside all our stakeholders, public or private, and with people always at the core – whether they work for Snam or belong to the areas we serve.
