Traded as BIT: SRG Revenue 3.649 billion EUR (2015) | Industry Gas industry | |
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Type Public (Società per azioni) Founded October 30, 1941 (1941-10-30) Key people Carlo Malacarne (Chairman)
Marco Alverà (CEO) Services Natural gas transmission, storage and distribution Stock price SRG (BIT) € 3.96 -0.02 (-0.45%)24 Mar, 5:36 PM GMT+1 - Disclaimer CEO Carlo Malacarne (May 2006–) Headquarters San Donato Milanese, Italy Subsidiaries Stoccaggi Gas Italia S.p.A., Snam, GNL Italia S.p.A., Snam Rete Gas S.p.A. Profiles | ||
Snam 2016 institutional video
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:
Contents
- Snam 2016 institutional video
- The separation from snam
- History
- Subsidiaries
- Shareholders structure
- Board of Directors
- Sustainability
- References
The separation from snam
History
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.
Subsidiaries
Snam has following subsidiaries:
Shareholders structure
As of April 2016Board of Directors
Appointed by the Shareholders’Meeting on April 2016
Sustainability
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.