Snam SpA
Snam EU Taxonomy Data Preview
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 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Eligible A Turnover | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Non-Eligible B Turnover | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Opex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Eligible A Opex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Non-Eligible B Opex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Eligible A Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Non-Eligible B Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
This table provides a simplified preview of selected EU Taxonomy data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
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).
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.
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.
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.
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.
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 objectives:
- 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 Snam has limited exposure on solutions that support climate action through its commercial activities.
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).
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.
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.
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).
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.
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 objectives:
- 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 Snam is moderately allocating capital toward climate-aligned initiatives, while maintaining a diversified investment portfolio.
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).
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.
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.
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).
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.
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 objectives:
- 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 Snam is moderately integrating climate considerations into its ongoing operations, with potential to scale up climate-aligned spending.