Snam
 |
|
| Public (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) |
| Services | Natural gas transmission, storage and distribution |
| Revenue | €3,649 million (2015) |
| €1,950 million (2015) | |
| Profit | adjusted net profit: €1,209 million (2015) |
| Owner | CDP Reti (28.98%) |
|
Number of employees
|
6,303 (2015) |
| Subsidiaries |
Stogit Italgas Snam Rete Gas GNL Italia |
| Website | www |
Snam S.p.A. (BIT: SRG) is an Italian natural gas infrastructure company. As of 31 December 2015, it had a market capitalization of €16.97 billion. 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 and, through associated companies, in Austria, France and United Kingdom. Snam is one of Europe's main regulated gas companies - leading Italy in gas transport, storage and distribution, while ranking third in regasification. Its main peers, in the regulated gas and electricity sectors in Italy and in Europe, are:
Snam was founded on 30 October 1941 in San Donato Milanese, Lombardy, with the name Societá NAzionale Metanodotti.
On 1 June 2001, it changed its name to Snam Rete Gas. It has been on quoted on the Borsa Italiana since 6 December 2001. On 1 January 2012, it was renamed with the original name of Snam.
Snam has following subsidiaries:
Appointed by the Shareholders’Meeting on April 2016
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.
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Wikipedia