Snam SpA

Common Name
Snam
Country
Italy
Sector
Utilities
Industry
Utilities - Regulated Gas
Employees
3,971
Ticker
SRG
Exchange
EURONEXT MILAN
Description
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 GHG Emissions Data Preview

In 2023, Snam completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Snam has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions 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 Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Snam amounted to 1,427,665 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Snam decreased by 6.3%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Snam's Scope 1 Emissions Over Time

2018201920202021202220230400 k800 k1.2 M1.6 MtCO2e+9%+3%-7%
  • Total Scope 1
  • Year-over-Year Change

What are Snam's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Snam were 1,386,086 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Snam reduced its Scope 1 emissions over time?

Since 2018, Snam's Scope 1 emissions have decreased by 10.4%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Snam's Scope 1 emissions decreased by 6.66%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Snam's Scope 2 emissions?

In 2023, Snam reported Scope 2 greenhouse gas (GHG) emissions of 27,036 tCOâ‚‚e using the market-based method, and 41,579 tCOâ‚‚e using the location-based method.

Has Snam reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Snam's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Snam 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Snam use for Scope 2 reporting?

In 2023, Snam reported its Scope 2 emissions using the market-based method and using the location-based method.

Snam's Scope 2 Emissions Over Time

201820192020202120222023015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Snam's Value Chain Emissions

In 2023, Snam reported 1,589,833 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Snam includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Snam's Scope 3 Emissions Over Time

201920202021202220230400 k800 k1.2 M1.6 MtCO2e+5%-9%+43%+18%
  • Total Scope 3
  • Year-over-Year Change

What are Snam's Scope 3 emissions?

In 2023, Snam reported total Scope 3 emissions of 1,589,833 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 59.79% of these emissions originated from upstream activities such as purchased goods and capital goods, while 40.21% came from downstream activities like product use, distribution, and end-of-life treatment.

Compared to the previous year (2022), Snam's Scope 3 emissions increased by 18.18%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does Snam disclose?

In 2023, Snam reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Snam's Scope 3 emissions?

In 2023, the largest contributors to Snam's Scope 3 emissions were:

  • Capital Goods (Cat. 2): 644,761 tCOâ‚‚e (40.56%)
  • Investments (Cat. 15): 639,326 tCOâ‚‚e (40.21%)
  • Fuel- and Energy-Related Services (Cat. 3): 167,525 tCOâ‚‚e (10.54%)

Snam's Scope 3 Emissions by Categories

Investments(Cat. 15)(40.2%)Capital Goods(Cat. 2)(40.6%)Fuel- andEnergy-RelatedServices (Cat. 3)(10.5%)

Insights into Snam's Total Carbon Footprint

In 2023, Snam reported a total carbon footprint of 3,017,498 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.18% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Snam's total carbon footprint was Scope 3 emissions, accounting for 52.69% of the company's total carbon footprint, followed by Scope 1 emissions at 45.93%.

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