Snam
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| Società per Azioni | |
| Traded as | BIT: SRG |
| Industry | Gas industry |
| Founded | October 30, 1941 |
| Headquarters | San Donato Milanese, Italy |
Key people | Carlo Malacarne (Chairman) Marco Alverà (CEO)[1] |
| Services | Natural gas transmission, storage and regasification |
| Revenue | €2,533 million (2017)[2] |
| adjusted €1,363 million (2017)[2] | |
| adjusted net profit: €940 million (2017)[2] | |
| Owner | CDP Reti (30.01%) |
Number of employees | 2,919 (2017)[2] |
| Subsidiaries | Stogit Snam Rete Gas GNL Italia[3] |
| Website | www |
Snam S.p.A. is an Italian natural gas infrastructure company. As of 31 December 2017, it had a market capitalization of €13.953 billion.[2] Snam was originally a subsidiary of Italian energy company Eni. It has since become an independent company, whose largest shareholder is CDP Reti, a holding company controlled by the Italian state. The utility operates in Italy[1] and, through associated companies, in Austria, France and the United Kingdom.[4] Snam is one of Europe's main regulated gas companies - leading Italy in gas transport and storage, while ranking third in regasification.[3] Its main peers, in the regulated gas and electricity sectors in Italy and in Europe,[5] 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
Contents
History[edit]
Snam was founded on 30 October 1941 in San Donato Milanese, Lombardy, with the name Società Nazionale Metanodotti.
On 1 June 2001, it changed its name to Snam Rete Gas. It has been traded on the Borsa Italiana since 6 December 2001.[6] On 1 January 2012, it was renamed with the original name of Snam.[6]
Subsidiaries[edit]
Snam has following subsidiaries:[3]
- Snam Rete Gas S.p.A.: the transmission system operator for natural gas;
- Stogit S.p.A.: storage of natural gas;
- GNL Italia S.p.A.: for the regasification of liquefied natural gas.
[edit]
| Shareholder | Stake |
|---|---|
| CDP Reti | 30.01% |
| Romano Minozzi | 5.75% |
| Banca d'Italia | 0.53% |
| Treasury share | 2.45% |
| Retail Investors | 8.6% |
| Institutional Investors | 52.75% |
Board of directors[edit]
Appointed by the Shareholders’Meeting on April 2016 [1]
| Role | Name and surname |
|---|---|
| Chairman | Carlo Malacarne |
| Chief Executive Officer | Marco Alverà |
| Director | Sabrina Bruno |
| Director | Francesco Gori |
| Director | Monica De Virgiliis |
| Director | Yunpeng He |
| Director | Lucia Morselli |
| Director | Elisabetta Oliveri |
| Director | Alessandro Tonetti |
Sustainability[edit]
Snam's approach to sustainability is based on Shared Value,[8][9] 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.[10] In order to create Shared Value, Snam promotes sustainable development along its entire transport, dispatchment, regasification, storage and distribution process.[8]
In 2009 [11] the company joined the United Nations Global Compact [12] and since 2006 has published a sustainability report in accordance with the Global Reporting Initiative's guidelines.[13][14] 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.[15]
Its commitment towards the environment focuses on the reduction of greenhouse gas emissions and safeguarding biodiversity.[16] Among its social initiatives, Snam partners with Legambiente [17] and Federparchi [18] and, in 2012, joined the Sodalitas Foundation, which seeks to build bridges between the entrepreneurial world in Italy and the non-profit sector.[19]
See also[edit]
References[edit]
- ^ a b c d "Borsa Italiana - Snam". Retrieved 11 May 2016.
- ^ a b c d e "Annual Report 2017" (PDF). Snam.
- ^ a b c "Annual Report 2016" (PDF). Snam.
- ^ "Reuters - Italy's Snam plans to unblock France-Spain gas bottleneck". Retrieved 19 August 2016.
- ^ http://www.borsaitaliana.it/bitApp/view.bit?lang=it&target=StudiDownloadFree&filename=pdf%2F88499.pdf
- ^ a b "History".
- ^ "Shareholder". Snam.
- ^ a b "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".