|This article relies on references to primary sources. (March 2012)|
|Type||Public (Società per azioni)|
|Traded as||BIT: SRG|
|Founded||October 30, 1941|
|Headquarters||San Donato Milanese, Italy|
|Key people||Lorenzo Bini Smaghi(Chairman)
Carlo Malacarne (CEO)
|Services||Natural gas transmission, storage and distribution|
|Revenue||€3,848 million (2013)|
|Operating income||€2,034 million (2013)|
|Profit||adjusted net profit: €934 million (2013)|
Snam Rete Gas
Snam S.p.A. (BIT: SRG) is an Italian natural gas infrastructure company. As of 31 December 2012, it had a market capitalization of €11.9 billion. Snam was originally a subsidiary of Italian energy company Eni. It has since become an independent company, whose largest shareholder is Cassa Depositi e Prestiti S.p.A, a holding company controlled by the Italian state. The utility mainly operates in Italy and is one of Europe’s leading regulated gas utilities. Its main peers, in the regulated gas and electricity sectors in Italy and in Europe, are:
- Terna (Italy): the main grid owner, responsible for high voltage electricity transmission and dispatching nationwide
- Enagas (Spain): Technical Manager of the Spanish gas System and the main carrier of natural gas
- REE - Red Eléctrica de España (Spain): manages the transmission grid and acts as sole transmission agent; it is also the System Operator
- National Grid (UK): operates in the regulated businesses of transmission and distribution of electricity and gas mainly in the UK and northeastern US
On 1 June 2001, it changed its name to Snam Rete Gas. It has been on quoted on the Milan S&P/MIB Stock Exchange since 6 December 2001. On 1 January 2012, it was renamed with the original name of Snam.
Snam has following subsidiaries:
- Snam Rete Gas S.p.A.: the transmission system operator for natural gas;
- Italgas S.p.A. and its subsidiary Napoletana Gas):the distribution group for natural gas ;
- Stogit S.p.A.: storage of natural gas;
- GNL Italia S.p.A.: for the regasification of liquefied natural gas.
|CDP Reti S.r.l||30%|
|Bank of Italy||0.80%|
As of May 2014.
Board of Directors
Appointed by the Shareholders’Meeting on March 2013
|Role||Name and surname|
|Chairman||Lorenzo Bini Smaghi|
|Chief Executive Officer||Carlo Malacarne|
Snam's approach to sustainability is based on Shared Value, a concept elaborated by Michael E. Porter in collaboration with Mark R. Kramer that explores the link between a company and its environment and their mutual interdependence. In order to create Shared Value, Snam promotes sustainable development along its entire transport, dispatchment, regasification, storage and distribution process.
In 2009  the company joined the United Nations Global Compact  and since 2006 has published a sustainability report in accordance with the Global Reporting Initiative's guidelines. Moreover, Snam operates within the reference framework of the United Nations Universal Declaration of Human Rights, the Fundamental Conventions of the ILO and the OECD Guidelines on Multinational Enterprises.
Its commitment towards the environment focuses on the reduction of greenhouse gas emissions and safeguarding biodiversity. Among its social initiatives, Snam partners with Legambiente  and Federparchi  and, in 2012, joined the Sodalitas Foundation, which seeks to build bridges between the entrepreneurial world in Italy and the non-profit sector.
- "Annual Report 2013". Snam.
- Company structure
- "Snam: Shareholders Structure - Updated to May 2014".
- "Snam - Board of Directors".
- "Snam - Sustainable Development".
- "Snam - Shared Value".
- "Article: Creating Shared Value - Harvard Business Review".
- "Snam - Snam and Global Compact".
- "United Nations Global Compact".
- "Snam - Sustainability Report".
- "Global Reporting Initiative".
- "Snam - Social Area".
- "Snam - Climate Change and Biodiversity".
- "Snam - Snam and Legambiente".
- "Snam and Federparchi".
- "Snam with Sodalitas".