Commitment to net zero by 2040 and new ESG scorecard
Net-zero @2040
New ESG scorecard
-50%
Environment
CO2
CH4
Net zero
2018
2030
2040
Scope 1&2: clear pathway to net zero by 2040
Scope 3: ongoing planning with suppliers & associates
Enhancing Snam role as an enabler of system decarbonization
1.
Natural Gas and CO2 Emissions
Governance
2.
Energy Savings of Operational
Management
1. Governance
3.
New Business - Green
Innovation
Functioning and
4.
Land protection & Biodiversity
Structure
2. Infrastructure Reliability
3. Anti-corruption
Committed to
Social
a net zero
world
1.
Welfare
2.
Employee
Engagement
3.
Safety
4.
Gender Diversity
Strengthening
Improving
5.
Responsible Supply
6.
Local Community
governance
people's lives
Engagement
Earliest industry commitment to Net
zero
2
Net zero commitments are giving rise to a capex supercycle
Net-zero commitments
Net-zero investments
2050 Target proposed/In law Target under discussion
Upstream
Powergen & batteries
$35tn by 2050
Hydrogen supply
$12-35tn by 2050
CCS
$1tn by 2040
Biomethane
$0.4 tn by 2040
Midstream
Power grid
$29tn by 2050
H2 transport
$2
- 28tn by 2050
H2 storage
$1
- 3tn by 2050
Downstream
Mobility
$13 tn by 2040
Home
$9 tn by 2040
Industry
$2.5 tn by 2040
2060 Target
Sources: World Energy Outlook 2020 (IEA), Snam internal analysis, New Energy Outlook 2020 (BNEF), CCUS in Clean Energy Transitions 2020 (IEA), Outlook for biogas and biomethane: prospects
3
for organic growth (IEA),
Snam's Net Zero Positioning
Natural gas
Upstream
infrastructure
Midstream
Downstream
Sector coupling/
storage/power to gas
Hydrogen
Biomethane/
renewables/
waste/water
Early presence
leveraging
technological partnerships
Biomethane supply
infrastructure,
circular economy
Future-proof our
asset base to deliver methane/biomethane volumes while enabling H2 ramp up, also in blending, and providing flexibility to the electricity grid
Evolve from CNG platform to LNG and H2 mobility
Promote integrated
ecosystems to serve key segments
Become a leading national operator
in
Energy Efficiency
services
Long-term RAB growth with additional opportunities
along the green gas value chain
4
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SNAM S.p.A. published this content on 25 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2020 13:14:03 UTC
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