03/14/2019 | News release | Distributed by Public on 03/14/2019 08:36
The 2018 Sustainability and Climate Change reports higlighted: increased safety at work (-36% accidents), more training (+26% hours provided to employees) and further environmental restoration efforts (+11%). The new policy to integrate social enterprises into the supply chain was launched
San Donato Milanese (MI), 14 March 2019 - Snam has published the thirteenth edition of its Sustainability Report and the first edition of the Financial Disclosure on Climate Change Report in line with the recommendations of the Task force on Climate related Financial Disclosure (TCFD).
'2018 was a very positive year for our company not only in terms of economic results but also in terms of sustainability. In fact, the main indicators demonstrate numerous advances made by Snam in terms of reducing emissions, improving occupational safety, business ethics and initiatives for the protection and development of the territories in which we operate. These documents demonstrate Snam's concrete commitment to sustainable development and the fight against climate change to all our stakeholders, with transparent information in line with international best practice', Snam CEO Marco Alverà said.
This year's Sustainability Report, titled 'The energy of change - The company amidst climate challenges and sustainable finance', was drafted according to the international GRI Comprehensive option and focuses largely on the evolution of the global climate scenario and the increasingly interlinked relationship between climate change and finance. The report seeks to illustrate the role that Snam plays in the energy transition and decarbonisation process within this wider context, as well as outlining the performance of its sustainability strategy.
The report outlines the company's key achievements in relation to ESG (Environment, Social, and Governance), including:
The report entitled 'Snam for the future - Financial Disclosure on Climate Change 2018' marks its first edition following Snam's adherence to the recommendations of the Task force on Climate related Financial Disclosure in 2018.
The Task force on Climate Related Financial Disclosure, a working group established by the Financial Stability Board of the G20, published its recommendations for clear, coherent and comparable reporting on the impact of climate change on a company's strategy in 2017.
The recommendations concern 4 thematic areas - Governance, Strategy, Risk Management, Metrics and Targets - with respect to which the risks and opportunities of climate change are highlighted.
The documents are available through the following links: