Snam S.p.A. is an Italian energy infrastructure company and Europe's leading operator in natural gas transportation, managing over 40,000 km of pipelines across Italy and international operations in A... Snam S.p.A. is an Italian energy infrastructure company and Europe's leading operator in natural gas transportation, managing over 40,000 km of pipelines across Italy and international operations in Austria, France, Greece, the UAE, and the United Kingdom. As Italy's primary operator for natural gas transport and dispatching, it controls nearly all high- and medium-pressure transport infrastructure, totaling around 32,900 km domestically, alongside top-ranked storage capacity of approximately 17 billion cubic meters and significant regasification capabilities exceeding 13.5 billion cubic meters annually. The company ensures energy supply security, facilitates market integration, and supports the energy transition through investments in sustainable mobility, renewable gases like biomethane and hydrogen, energy efficiency, and carbon capture technologies. With 85 years of experience, Snam S.p.A. operates in transportation, storage, and regasification, pursuing net-zero emissions by 2050 and reduced methane emissions, while maintaining a strong commitment to ESG principles, biodiversity, and community development. Its regulated business model underscores its pivotal role in Europe's energy landscape, enabling decarbonization and infrastructure evolution.
In 2025, Snam was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Snam has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Snam are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
Metric
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned Turnover
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Total Taxonomy Eligible Turnover
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c
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4.1 CCM/CCA - Electricity generation using solar photovoltaic technology
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a
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b
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4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids
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a
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b
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4.14 CCM/CCA - Transmission and distribution networks for renewable and low-carbon gases
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a
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b
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4.16 CCM/CCA - Installation and operation of electric heat pumps
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b
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4.8 CCM/CCA - Electricity generation from bioenergy
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c
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5.11 CCM/CCA - Transport of CO2
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a
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0000000
5.7 CCM/CCA - Anaerobic digestion of bio-waste
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a
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b
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c
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7.2 CCM/CCA - Renovation of existing buildings
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a
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b
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c
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9.3 CCM - Professional services related to energy performance of buildings
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a
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c
0000000
Metric
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned Opex
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c
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Total Taxonomy Eligible Opex
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b
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c
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4.1 CCM/CCA - Electricity generation using solar photovoltaic technology
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a
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b
Copy/Paste is a PRO feature.
c
0000000
4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids
Copy/Paste is a PRO feature.
a
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b
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4.16 CCM/CCA - Installation and operation of electric heat pumps
Copy/Paste is a PRO feature.
Copy/Paste is a PRO feature.
b
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0000000
4.8 CCM/CCA - Electricity generation from bioenergy
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c
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5.7 CCM/CCA - Anaerobic digestion of bio-waste
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a
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b
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c
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7.3 CCM/CCA - Installation, maintenance and repair of energy efficiency equipment
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c
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9.1 CCA - Engineering activities and related technical consultancy dedicated to adaptation to climate change, 9.1 CCM - Close to market research, development and innovation
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a
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9.1 CCM - Close to market research, development and innovation
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b
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c
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9.3 CCM - Professional services related to energy performance of buildings
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a
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b
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c
0000000
Metric
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned Capex
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c
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Total Taxonomy Eligible Capex
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c
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14.2 CCA - Flood risk prevention and protection infrastructure
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3.2 CCM/CCA - Manufacture of equipment for the production and use of hydrogen
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a
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b
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0000000
4.1 CCM/CCA - Electricity generation using solar photovoltaic technology
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
0000000
4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
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4.14 CCM/CCA - Transmission and distribution networks for renewable and low-carbon gases
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a
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b
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c
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4.8 CCM/CCA - Electricity generation from bioenergy
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Copy/Paste is a PRO feature.
Copy/Paste is a PRO feature.
0000000
5.11 CCM/CCA - Transport of CO2
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a
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b
Copy/Paste is a PRO feature.
c
0000000
5.7 CCM/CCA - Anaerobic digestion of bio-waste
Copy/Paste is a PRO feature.
a
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b
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c
0000000
7.1 CCM/CCA - Construction of new buildings
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a
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b
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c
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7.2 CCM/CCA - Renovation of existing buildings
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a
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b
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c
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8.2 CCM - Data-driven solutions for GHG emissions reductions
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9.1 CCM - Close to market research, development and innovation
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a
Copy/Paste is a PRO feature.
b
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9.3 CCM - Professional services related to energy performance of buildings
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
0000000
Limited Data Preview
You are viewing a limited preview of Snam’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories, at both aggregate and activity level, with historical coverage back to 2022.
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a. Snam's Annual Report 2025
b. Snam's Annual Report 2024
c. Snam's Annual Report 2023
d. Snam's Annual Report 2022
Insights into Snam's Revenues from Sustainable Activities
In 2025, Snam reported EU Taxonomy-eligible revenues of EUR 310.80 million, representing 8% of its total turnover. Of this amount, EUR 219.00 million of Snam's revenues was classified as EU Taxonomy-aligned, indicating that 6% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Snam's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Eligible Turnover
Total Taxonomy Aligned Turnover
Have Snam's revenues become more sustainable over time?
Since 2022, Snam's taxonomy-aligned revenues decreased by 70%, indicating a long-term decline in environmentally sustainable revenue performance.a, d
Compared to the previous year (2024), Snam's taxonomy-aligned revenues increased by 1.69%,highlighting Snam's deeper integration of environmentally sustainable activities into its core business model, or improved classification and reporting of those activities under the EU Taxonomy.a, b
How much of Snam's revenue is eligible under the EU Taxonomy?
In 2025, Snam reported that EUR 310.80 million of its revenue was eligible under the EU Taxonomy, representing 8% of the company's total turnover. Of this amount, EUR 219.00 million (6% of total revenue) was classified as Taxonomy-aligned. This means that 2% of Snam's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.a
How much of Snam's eligible revenue is aligned with the EU Taxonomy?
In 2025, Snam reported that EUR 219.00 million of its revenue was aligned under the EU Taxonomy, representing 6% of its total turnover.a
This low alignment highlights either a limited focus on green activities or early-stage adoption of sustainability frameworks, underscoring opportunities for further alignment with EU climate objectives.
Snam's Eligibility & Alignment Overview
Snam's Contribution to Environmental Objectives
Total Taxonomy Aligned Turnover
How is Snam's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2025, Snam reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 6%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Snam earn from selling climate-related solutions ?
In 2025, Snam reported that EUR 233.10 million of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 6% of the company's total revenue,indicating that Snamhas limited exposureon solutions that support climate action through its commercial activities.a
Insights into Snam's CAPEX from Sustainable Activities
In 2025, Snam reported EU Taxonomy-eligible CAPEX of EUR 2.37 billion,representing 67% of its total CAPEX. Of this amount, EUR 1.00 billion of Snam's CAPEX was classified as EU Taxonomy-aligned, indicating that 28% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Snam's Taxonomy-Eligible Capex Over Time
Total Taxonomy Eligible Capex
Total Taxonomy Aligned Capex
Have Snam's increased its investment in sustainable activities over time?
Since 2022, Snam's taxonomy-aligned capital expenditure (CAPEX)decreased by 27.84%,indicating a long-term decline in green capital deployment, potentially signaling shifting priorities or reduced focus on sustainability-linked investments.a, d
Compared to the previous year (2024), Snam's taxonomy-aligned CAPEX decreased by 9.68%,suggesting that Snam may have scaled back investments in sustainable projects, reprioritized its capital deployment, or reduced transparency in its taxonomy-aligned disclosures.a, b
How much of Snam's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2025, Snam reported that EUR 2.37 billion of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 67% of the company's total CAPEX. Of this amount, EUR 1.00 billion (28% of total CAPEX) was classified as Taxonomy-aligned. This means that 39% of Snam's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Snam's eligible CAPEX is aligned with the EU Taxonomy?
In 2025, Snam reported that EUR 1.00 billion of its CAPEX was aligned under the EU Taxonomy, representing 28% of its total capital investment.a
This moderate level of alignment indicates that Snam is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Snam's Eligibility & Alignment Overview
Snam's Contribution to Environmental Objectives
Total Taxonomy Aligned Capex
How is Snam's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2025, Snam reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 25%
Climate Change Adaptation: 3%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much Snam is investing in climate-related solutions?
In 2025, Snam allocated EUR 991.76 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 28% of the company's total capital expenditure,indicating that Snamis moderately allocating capital toward climate-aligned initiatives, while maintaining a diversified investment portfolio.a
Insights into Snam's OPEX from Sustainable Activities
In 2025, Snam reported EU Taxonomy-eligible OPEX of EUR 237.60 million,representing 90% of its total operating expenses (OPEX). Of this amount, EUR 102.00 million of Snam's OPEX was classified as EU Taxonomy-aligned, indicating that 39% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Snam's Taxonomy-Eligible Opex Over Time
Total Taxonomy Eligible Opex
Total Taxonomy Aligned Opex
Have Snam's increased its spending in sustainable activities over time?
Since 2022, Snam's taxonomy-aligned operating expenditure (OPEX)increased by 5.41%,pointing to a long-term trend of increased spending on environmentally sustainable operations and services recognized under the EU Taxonomy.a, d
Compared to the previous year (2024), Snam's taxonomy-aligned OPEX increased by 11.43%,highlighting Snam's growing commitment to funding sustainable operations or improving how such expenses are classified and reported under the EU Taxonomy.a, b
How much of Snam's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2025, Snam reported that EUR 237.60 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 90% of the company's total OPEX. Of this amount, EUR 102.00 million (39% of total OPEX) was classified as Taxonomy-aligned. This means that 51% of Snam's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Snam's eligible OPEX is aligned with the EU Taxonomy?
In 2025, Snam reported that EUR 102.00 million of its OPEX was aligned under the EU Taxonomy, representing 39% of its total operational expenditure.a
This moderate level of alignment indicates that Snam is beginning to shift operational priorities toward greener practices, with room for deeper integration.
Snam's Eligibility & Alignment Overview
Snam's Contribution to Environmental Objectives
Total Taxonomy Aligned Opex
How is Snam's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2025, Snam reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 39%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much of Snam's operational budget supports climate-related solutions?
In 2025, Snam allocated EUR 102.96 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 39% of the company's total OPEX,indicating that Snamis moderately integrating climate considerations into its ongoing operations, with potential to scale up climate-aligned spending.a
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