Snam

Snam S.p.A.
Public (Società per azioni)
Traded as BIT: SRG
Industry Gas industry
Founded October 30, 1941 (1941-10-30)
Headquarters San Donato Milanese, Italy
Key people
 Lorenzo Bini Smaghi(Chairman)
Carlo Malacarne (CEO)[1]
Services Natural gas transmission, storage and distribution
Revenue €3,882 million (2014)[2]
€1,973 million (2014)[2]
Profit adjusted net profit: €1,078 million (2014)[2]
Owner CDP Reti (28.98%)
Number of employees
 6,072 (2014)[2]
Subsidiaries Stogit
Italgas
Snam Rete Gas
GNL Italia
Website www.snam.it

Snam S.p.A. (BIT: SRG) is an Italian natural gas infrastructure company. As of 31 December 2014, it had a market capitalization of €14.38 billion.[3] Snam was originally a subsidiary of Italian energy company Eni. It has since become an independent company, whose largest shareholder is CDP Reti, a holding company controlled by the Italian state. The utility mainly operates in Italy and is one of Europe’s leading regulated gas utilities. Its main peers, in the regulated gas and electricity sectors in Italy and in Europe,[4] are:

History

Snam was founded on 30 October 1941 in San Donato Milanese, Lombardy, with the name Societá NAzionale Metanodotti.

On 1 June 2001, it changed its name to Snam Rete Gas. It has been on quoted on the Borsa Italiana since 6 December 2001.[5] On 1 January 2012, it was renamed with the original name of Snam.[5]

Subsidiaries

Snam has following subsidiaries:

Shareholders structure

As of December 2015 [7]
Shareholder Stake
CDP Reti 28.98%
CDP Gas (wholly owned subsidiary of Cassa Depositi e Prestiti) 1.12%
Eni 2.22%
Banca d'Italia 0.53%
Treasury share 0.03%
Retail Investors 9.87%
Institutional Investors 57.25%

As of April 2015.

Board of Directors

Appointed by the Shareholders’Meeting on March 2013[8]

Role Name and surname
Chairman Lorenzo Bini Smaghi
Chief Executive Officer Carlo Malacarne
Director Sabrina Bruno
Director Alberto Clô
Director Francesco Gori
Director Yunpeng He[9]
Director Andrea Novelli
Director Elisabetta Oliveri
Director Pia Saraceno

Sustainability

Snam's approach to sustainability is based on Shared Value,[10][11] a concept elaborated by Michael E. Porter in collaboration with Mark R. Kramer that explores the link between a company and its environment and their mutual interdependence.[12] In order to create Shared Value, Snam promotes sustainable development along its entire transport, dispatchment, regasification, storage and distribution process.[10]

In 2009 [13] the company joined the United Nations Global Compact [14] and since 2006 has published a sustainability report in accordance with the Global Reporting Initiative's guidelines.[15][16] Moreover, Snam operates within the reference framework of the United Nations Universal Declaration of Human Rights, the Fundamental Conventions of the ILO and the OECD Guidelines on Multinational Enterprises.[17]

Its commitment towards the environment focuses on the reduction of greenhouse gas emissions and safeguarding biodiversity.[18] Among its social initiatives, Snam partners with Legambiente [19] and Federparchi [20] and, in 2012, joined the Sodalitas Foundation, which seeks to build bridges between the entrepreneurial world in Italy and the non-profit sector.[21]

See also

References

  1. ↑ Management
  2. 1 2 3 4 "Annual Report 2014" (PDF). Snam.
  3. ↑ http://www.snam.it/en/Investor_Relations/Snam-Stock/Market-capitalization/
  4. ↑ http://www.borsaitaliana.it/bitApp/view.bit?lang=it&target=StudiDownloadFree&filename=pdf%2F88499.pdf
  5. 1 2 "History".
  6. ↑ "Company structure".
  7. ↑ "Snam: Shareholders Structure - Updated to December 2015".
  8. ↑ "Snam - Board of Directors".
  9. ↑ Yunpeng He was appointed on January 26, 2015, replacing Roberta Melfa who resigned on November 18, 2014.
  10. 1 2 "Snam - Sustainable Development".
  11. ↑ "Snam - Shared Value".
  12. ↑ "Article: Creating Shared Value - Harvard Business Review".
  13. ↑ "Snam - Snam and Global Compact".
  14. ↑ "United Nations Global Compact".
  15. ↑ "Snam - Sustainability Report".
  16. ↑ "Global Reporting Initiative".
  17. ↑ "Snam - Social Area".
  18. ↑ "Snam - Climate Change and Biodiversity".
  19. ↑ "Snam - Snam and Legambiente".
  20. ↑ "Snam and Federparchi".
  21. ↑ "Snam with Sodalitas".

External links

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