Snam obtains UN Gold Standard for reducing methane emissions

Snam, an Italian energy infrastructure company, has confirmed the United Nations Environment Programme’s Gold Standard again for 2023. The highest award, which Snam had already obtained in 2021 and 2022 and which is envisaged by the OGMP 2.0 (Oil and Gas Methane Partnership) protocol which Snam joined voluntarily in 2020, rewards the Company’s commitment to reporting activities and to reducing methane emissions. The score given to Snam by the international organisation is 8.5 out of 9.

Snam confirms its commitment to achieving carbon neutrality by 2040 (Net Zero Scope 1 and 2). In line with its strategic plan, Snam is continuing to reduce methane emissions: -45% in 2022 compared to 2015, in line with its internal target of a 55% reduction by 2025 and three years ahead of the targets recommended by UNEP (-45% by 2025). In 2022, methane emissions from the transport network accounted for only 0.024% of the gas released into the grid.