Snam S.p.A. is a prominent Italian energy infrastructure company, primarily engaged in the transportation and storage of natural gas. As a European leader in gas infrastructure, Snam plays a crucial r... Snam S.p.A. is a prominent Italian energy infrastructure company, primarily engaged in the transportation and storage of natural gas. As a European leader in gas infrastructure, Snam plays a crucial role in ensuring the supply and distribution of natural gas across Italy and neighboring countries. The company's extensive network includes high-pressure gas pipelines and multiple storage facilities, contributing significantly to the stability and efficiency of the energy market. Snam's commitment to innovation and sustainability is evident through its investment in renewable gas solutions and hydrogen projects, reflecting the broader industry's shift towards greener energy sources. The company’s operation not only impacts the energy sector but also underpins other industries dependent on reliable energy supplies. Founded in 1941 and headquartered in San Donato Milanese, Snam S.p.A. is listed on the Italian stock exchange, providing investors with access to a pivotal segment of the European energy market.
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
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c
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Total Taxonomy Eligible A Turnover
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c
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Total Taxonomy Non-Eligible B 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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0000000
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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4.14 CCM/CCA - Transmission and distribution networks for renewable and low-carbon gases
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a
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4.16 CCM/CCA - Installation and operation of electric heat pumps
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a
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4.8 CCM/CCA - Electricity generation from bioenergy
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b
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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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7.2 CCM/CCA - Renovation of existing buildings
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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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c
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Metric (tonnes)
2024
2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Opex
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Total Taxonomy Eligible A Opex
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c
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Total Taxonomy Non-Eligible B Opex
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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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c
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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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4.16 CCM/CCA - Installation and operation of electric heat pumps
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a
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4.8 CCM/CCA - Electricity generation from bioenergy
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b
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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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b
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9.1 CCM - Close to market research, development and innovation
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9.3 CCM - Professional services related to energy performance of buildings
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c
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Metric (tonnes)
2024
2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Capex
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Total Taxonomy Eligible A Capex
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c
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Total Taxonomy Non-Eligible B Capex
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c
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14.2 CCA - Flood risk prevention and protection infrastructure
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a
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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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0000000
4.1 CCM/CCA - Electricity generation using solar photovoltaic technology
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a
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Copy/Paste is a PRO feature.
c
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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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0000000
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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c
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5.11 CCM/CCA - Transport of CO2
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a
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5.7 CCM/CCA - Anaerobic digestion of bio-waste
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a
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c
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7.1 CCM/CCA - Construction of new buildings
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a
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7.2 CCM/CCA - Renovation of existing buildings
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a
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8.2 CCM - Data-driven solutions for GHG emissions reductions
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a
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9.1 CCM - Close to market research, development and innovation
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a
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9.3 CCM - Professional services related to energy performance of buildings
Copy/Paste is a PRO feature.
a
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Copy/Paste is a PRO feature.
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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 (A1, A2, A, B, and A+B), at both aggregate and activity level, with historical coverage back to 2022.
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Verified Sources Behind Snam’s EU Taxonomy Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Snam’s data sources below and access millions more through our Disclosure Search.
a. Snam's Annual Report 2024
b. Snam's Annual Report 2023
c. Snam's Annual Report 2022
Insights into Snam's Revenues from Sustainable Activities
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
Snam's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
Have Snam's revenues become more sustainable over time?
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
How much of Snam's revenue is eligible under the EU Taxonomy?
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
How much of Snam's eligible revenue is aligned with the EU Taxonomy?
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.
Snam's Eligibility & Alignment Overview
Snam's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
How is Snam's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Snam reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 5.9%
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 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
Insights into Snam's CAPEX from Sustainable Activities
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
Snam's Taxonomy-Eligible Capex Over Time
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
Have Snam's increased its investment in sustainable activities over time?
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
How much of Snam's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
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
How much of Snam's eligible CAPEX is aligned with the EU Taxonomy?
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.
Snam's Eligibility & Alignment Overview
Snam's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
How is Snam's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Snam reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 31%
Climate Change Adaptation: 1%
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 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
Insights into Snam's OPEX from Sustainable Activities
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
Snam's Taxonomy-Eligible Opex Over Time
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
Have Snam's increased its spending in sustainable activities over time?
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
How much of Snam's operational expenditure (OPEX) is eligible under the EU Taxonomy?
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
How much of Snam's eligible OPEX is aligned with the EU Taxonomy?
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.
Snam's Eligibility & Alignment Overview
Snam's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
How is Snam's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Snam reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 35%
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 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
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