SNAM S.P.A. 2020-2024 strategic plan:
Towards Net Zero
November 25th, 2020
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
