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    Snam to Cut Methane Leaks

Summary

The Italian transmission-system operator has raised the bar for sustainability.

by: William Powell

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Natural Gas and LNG Latest & Breaking News, Europe, Corporate, TSO, Infrastructure, Storage, Pipelines, News By Country, Italy

Snam to Cut Methane Leaks

Italian pipeline operator Snam has set itself the aim of reducing natural gas emissions by a quarter by 2025 compared with 2016 levels, it said March 14. Last year they were reduced by 7.9% compared with 2016.

Snam has new targets also for training, financial rewards and other standards, published in its sustainability report, Snam for the future - Financial Disclosure on Climate Change 2018.

The Task force on Climate Related Financial Disclosure, a working group established by the Financial Stability Board of the G20, published  recommendations for clear, coherent and comparable reporting on the impact of climate change on a company’s strategy in 2017.

The recommendations concern four thematic areas – governance, strategy, risk management, and metrics and targets – with respect to which the risks and opportunities of climate change are highlighted.