Snam SpA

Gas Utilities
SRG.MI
€ 4.8 (0.74)%
Share price
$ 17 bn
Market Cap
$ 31 bn
Enterprise Value

Carbon footprint

47 Ton
GHG emissions per $ 1 mln investment
1.3x the weighted average for S&P 500
FY2021
How is this calculated?
+8.8%
YOY change in GHG emissions
Stronger than the +4.2% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-5.7%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

Snam SpA aims to reduce Scope 1 + 2 by 28% by 2025 from a base year 2018


This target has not been verified as science based according to SBTi
Snam SpA's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Snam SpA's GHG emissions (location-based) (Kt of CO2e)
Snam SpA's Carbon intensity (Tons per 1 USDm)

Snam SpA's carbon footprint

Snam SpA reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 1,428 Kt (+115/+8.8% y-o-y). At the sime time, carbon intensity declined marginally to 403 t (-1.8 /-0.4% y-o-y).

Snam SpA's Scope 3 emissions was up at 995 Kt (+16/+1.6% y-o-y). The growth has slowed compared to the trend since 4Q'17 (CAGR +36%).

The company is committed to reducing Scope 1 + 2 by 28% by 2025 from a base year 2018, which translates into the estimated reduction of -81 Kt per annum over the period of FY2022 - FY2025. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Company environmental metrics

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