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In 2024, 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 (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Turnover Portion of total company turnover generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
Total Taxonomy Eligible A Turnover Total turnover of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
Total Taxonomy Non-Eligible B Turnover Total turnover of the company associated with activities that are not listed as eligible under the EU Taxonomy. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
4.1 CCM/CCA - Electricity generation using solar photovoltaic technology 4.1 CCM/CCA - Electricity generation using solar photovoltaic technology | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids 4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
4.14 CCM/CCA - Transmission and distribution networks for renewable and low-carbon gases 4.14 CCM/CCA - Transmission and distribution networks for renewable and low-carbon gases | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
4.16 CCM/CCA - Installation and operation of electric heat pumps 4.16 CCM/CCA - Installation and operation of electric heat pumps | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
4.8 CCM/CCA - Electricity generation from bioenergy 4.8 CCM/CCA - Electricity generation from bioenergy | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
5.7 CCM/CCA - Anaerobic digestion of bio-waste 5.7 CCM/CCA - Anaerobic digestion of bio-waste | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
7.2 CCM/CCA - Renovation of existing buildings 7.2 CCM/CCA - Renovation of existing buildings | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
9.3 CCM - Professional services related to energy performance of buildings 9.3 CCM - Professional services related to energy performance of buildings | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Opex Portion of total company OPEX generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
Total Taxonomy Eligible A Opex Total OPEX of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
Total Taxonomy Non-Eligible B Opex Total OPEX of the company associated with activities that are not listed as eligible under the EU Taxonomy. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
4.1 CCM/CCA - Electricity generation using solar photovoltaic technology 4.1 CCM/CCA - Electricity generation using solar photovoltaic technology | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids 4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
4.16 CCM/CCA - Installation and operation of electric heat pumps 4.16 CCM/CCA - Installation and operation of electric heat pumps | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
4.8 CCM/CCA - Electricity generation from bioenergy 4.8 CCM/CCA - Electricity generation from bioenergy | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
5.7 CCM/CCA - Anaerobic digestion of bio-waste 5.7 CCM/CCA - Anaerobic digestion of bio-waste | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
7.3 CCM/CCA - Installation, maintenance and repair of energy efficiency equipment 7.3 CCM/CCA - Installation, maintenance and repair of energy efficiency equipment | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
9.1 CCM - Close to market research, development and innovation 9.1 CCM - Close to market research, development and innovation | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
9.3 CCM - Professional services related to energy performance of buildings 9.3 CCM - Professional services related to energy performance of buildings | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Capex Portion of total company CAPEX generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
Total Taxonomy Eligible A Capex Total CAPEX of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
Total Taxonomy Non-Eligible B Capex Total CAPEX of the company associated with activities that are not listed as eligible under the EU Taxonomy. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
14.2 CCA - Flood risk prevention and protection infrastructure 14.2 CCA - Flood risk prevention and protection infrastructure | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
3.2 CCM/CCA - Manufacture of equipment for the production and use of hydrogen 3.2 CCM/CCA - Manufacture of equipment for the production and use of hydrogen | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
4.1 CCM/CCA - Electricity generation using solar photovoltaic technology 4.1 CCM/CCA - Electricity generation using solar photovoltaic technology | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids 4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
4.14 CCM/CCA - Transmission and distribution networks for renewable and low-carbon gases 4.14 CCM/CCA - Transmission and distribution networks for renewable and low-carbon gases | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
4.8 CCM/CCA - Electricity generation from bioenergy 4.8 CCM/CCA - Electricity generation from bioenergy | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
5.11 CCM/CCA - Transport of CO2 5.11 CCM/CCA - Transport of CO2 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
5.7 CCM/CCA - Anaerobic digestion of bio-waste 5.7 CCM/CCA - Anaerobic digestion of bio-waste | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
7.1 CCM/CCA - Construction of new buildings 7.1 CCM/CCA - Construction of new buildings | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
7.2 CCM/CCA - Renovation of existing buildings 7.2 CCM/CCA - Renovation of existing buildings | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
8.2 CCM - Data-driven solutions for GHG emissions reductions 8.2 CCM - Data-driven solutions for GHG emissions reductions | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
9.1 CCM - Close to market research, development and innovation 9.1 CCM - Close to market research, development and innovation | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
9.3 CCM - Professional services related to energy performance of buildings 9.3 CCM - Professional services related to energy performance of buildings | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Data available for purchase 0000000 |
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In 2024, Snam reported EU Taxonomy-eligible revenues of EUR 298.00 million, representing 8% of its total turnover. Of this amount, EUR 212.00 million of Snam's revenues was classified as EU Taxonomy-aligned, indicating that 5.9% 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
Since 2022, Snam's taxonomy-aligned revenues decreased by 70.5%, indicating a long-term decline in environmentally sustainable revenue performance.a, c
Compared to the previous year (2023), Snam's taxonomy-aligned revenues decreased by 77.31%, suggesting that Snam may have deprioritized sustainable activities, shifted focus away from green offerings, or reduced transparency in its EU Taxonomy reporting.a, b
In 2024, Snam reported that EUR 298.00 million of its revenue was eligible under the EU Taxonomy, representing 8% of the company's total turnover. Of this amount, EUR 212.00 million (5.9% 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
In 2024, Snam reported that EUR 212.00 million of its revenue was aligned under the EU Taxonomy, representing 5.9% 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.
In 2024, Snam reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
In 2024, Snam reported that EUR 210.51 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 5.9% of the company's total revenue,indicating that Snamhas limited exposureon solutions that support climate action through its commercial activities.a
In 2024, Snam reported EU Taxonomy-eligible CAPEX of EUR 2.12 billion,representing 72% of its total CAPEX. Of this amount, EUR 919.00 million of Snam's CAPEX was classified as EU Taxonomy-aligned, indicating that 31% 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
Since 2022, Snam's taxonomy-aligned capital expenditure (CAPEX)decreased by 20.1%,indicating a long-term decline in green capital deployment, potentially signaling shifting priorities or reduced focus on sustainability-linked investments.a, c
Compared to the previous year (2023), Snam's taxonomy-aligned CAPEX increased by 6.9%,highlighting Snam's strengthened commitment to investing in environmentally sustainable activities or improving how such investments are classified and reported under the EU Taxonomy.a, b
In 2024, Snam reported that EUR 2.12 billion of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 72% of the company's total CAPEX. Of this amount, EUR 919.00 million (31% of total CAPEX) was classified as Taxonomy-aligned. This means that 41% 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
In 2024, Snam reported that EUR 919.00 million of its CAPEX was aligned under the EU Taxonomy, representing 31% 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.
In 2024, Snam reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
In 2024, Snam allocated EUR 942.08 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 32% of the company's total capital expenditure,indicating that Snamis moderately allocating capital toward climate-aligned initiatives, while maintaining a diversified investment portfolio.a
In 2024, Snam reported EU Taxonomy-eligible OPEX of EUR 173.80 million,representing 98% of its total operating expenses (OPEX). Of this amount, EUR 62.00 million of Snam's OPEX was classified as EU Taxonomy-aligned, indicating that 35% 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
Since 2022, Snam's taxonomy-aligned operating expenditure (OPEX)decreased by 5.41%,indicating a long-term decline in sustainability-related operational spending, which may reflect shifting priorities or reduced emphasis on green initiatives.a, c
Compared to the previous year (2023), Snam's taxonomy-aligned OPEX decreased by 25.53%, suggesting that Snam may have reduced spending on environmentally sustainable activities, adjusted its operational priorities, or decreased the scope of its taxonomy-related disclosures.a, b
In 2024, Snam reported that EUR 173.80 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 98% of the company's total OPEX. Of this amount, EUR 62.00 million (35% of total OPEX) was classified as Taxonomy-aligned. This means that 63% 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
In 2024, Snam reported that EUR 62.00 million of its OPEX was aligned under the EU Taxonomy, representing 35% 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.
In 2024, Snam reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
In 2024, Snam allocated EUR 61.95 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 35% 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