Snam S.p.A.
Unverified 6 Second Party Opinions
1 Framework
Documents (7)
| XFID | Type | Title | Year | Source | Retrieved |
|---|---|---|---|---|---|
| XF-FTH54NR-M | Framework | Snam Green Financing Sustainable Finance Framework 2025 | 2025 | www.snam.it | 17 May 2026 |
| XF-NORGM2G-L | Second Party Opinion | ISS ESG Second Party Opinion — SNAM SpA | 2021 | spowidget.iss-corporate.com | 20 Mar 2026 |
| XF-BKBMYQU-0 | Second Party Opinion | REPORT REVIEW | 2023 | spowidget.iss-corporate.com | 20 Mar 2026 |
| XF-B0J7UQS-U | Second Party Opinion | ISS ESG Second Party Opinion — Snam S.p.A. | 2024 | spowidget.iss-corporate.com | 20 Mar 2026 |
| XF-3UIXEQN-Z | Second Party Opinion | REPORT REVIEW | 2024 | spowidget.iss-corporate.com | 20 Mar 2026 |
| XF-N4VK3ZS-A | Second Party Opinion | ISS ESG Second Party Opinion — Snam S.p.A. | 2025 | spowidget.iss-corporate.com | 20 Mar 2026 |
| XF-5AZ5BNZ-U | Second Party Opinion | REPORT REVIEW | 2025 | spowidget.iss-corporate.com | 20 Mar 2026 |
XF Company Profile
Extra-financial information found across 7 documents in the XframeworkID registry
NACE D Electricity, Gas & Steam Supply
Information extracted from documents in the registry. Values are as disclosed; this is not an assessment or rating. Last updated 2 Jun 2026.
Issuer Identity & Structure
- Issuer name and country/jurisdiction
- Snam S.p.A., Italy GREEN FINANCING SUSTAINABLE FINANCE FRAMEWORK 2025
- Issuer sector/industry classification
- Energy infrastructure operator, specifically electricity, gas and steam supply SUSTAINABLE FINANCE ANNUAL REPORT 2024
- Issuer type
- Utility / Energy Infrastructure Operator SUSTAINABLE FINANCE ANNUAL REPORT 2024
- Core business activities and geographic focus
- Energy infrastructure operations, gas and energy transmission and distribution; primary focus Italy with international operations SUSTAINABLE FINANCE ANNUAL REPORT 2024
Green / Sustainable Finance Framework
- Sustainable bond framework name and version
- Green Financing Sustainable Finance Framework 2025 GREEN FINANCING SUSTAINABLE FINANCE FRAMEWORK 2025
- Framework publication date and update history
- 2025 (expanded from previous frameworks: Sustainable Finance Framework November 29, 2021; Transition Bond Framework June 9, 2020; Climate Action Bond Framework November 7, 2018) REPORT REVIEW 2025
- Eligible use-of-proceeds categories
- Green Infrastructure (renewable and low carbon gases, multi-molecule ready infrastructure, CCS), Green Gases (Biomethane, Hydrogen), Green Buildings (energy efficiency), DT&T (Digital Transformation & Technology) projects, Carbon Capture and Storage, Network retrofitting GREEN FINANCING SUSTAINABLE FINANCE FRAMEWORK 2025
- Project evaluation and selection process description
- Governance and ESG criteria applied; Environmental and Social Risk Management; Climate change risk assessment; Sustainable Construction Sites (Cantiere Sostenibile model) GREEN FINANCING SUSTAINABLE FINANCE FRAMEWORK 2025
- Management of proceeds approach
- Centralized management of proceeds; annual sustainability reporting; tracking and monitoring of use of proceeds; temporary investment of unallocated funds pending project allocation GREEN FINANCING SUSTAINABLE FINANCE FRAMEWORK 2025
- Reporting commitments under framework
- Annual Use of Proceeds and Impact reporting in alignment with ICMA Harmonized Framework for Impact Reporting (HFIR); allocation tracking and environmental/social impact metrics disclosed REPORT REVIEW 2025
- Bond types covered under framework
- Green bonds, Green loans, Sustainability-linked bonds, Sustainability-linked loans, European Green Bonds SECOND PARTY OPINION 2024
Standards & Regulatory Alignment
- Alignment with ICMA Green Bond Principles
- Full alignment with Green Bond Principles (ICMA, June 2021 with June 2022 Appendix 1); enables future issuances aligned with EU Green Bond Standards GREEN FINANCING SUSTAINABLE FINANCE FRAMEWORK 2025
- Compliance with Green Loan Principles or Sustainability-Linked Loan Principles
- Compliant with Green Loan Principles (LMA, February 2023) and Sustainability-Linked Loan Principles (LMA, July 2021) SECOND PARTY OPINION 2024
- Alignment with EU Taxonomy for sustainable activities
- Framework expanded to include EU Taxonomy-aligned retrofitting of existing pipelines; eligible projects EU Taxonomy aligned; EU Taxonomy Climate Delegated Act, Annex I (June 2023) applied GREEN FINANCING SUSTAINABLE FINANCE FRAMEWORK 2025
External Review & Verification
- Second Party Opinion (SPO) provider name and assessment date
- ISS Corporate Solutions, Inc. (ISS-Corporate), multiple assessments: April 9, 2025; February 9, 2024; June 9, 2025; August 1, 2025 SECOND PARTY OPINION 2025
- SPO assessment scope and methodology
- Pre-issuance and post-issuance verification; assessment of alignment with ICMA Green Bond Principles, Green Loan Principles, Sustainability-Linked Bond/Loan Principles, EU Green Bond Standard, EU Taxonomy alignment; verification of use of proceeds allocation and impact reporting SECOND PARTY OPINION 2025
- Assurance provider name and engagement period
- ISS Corporate Solutions, Inc. (ISS-Corporate); continuous engagement from 2021 through 2025 with annual and periodic reviews EX-POST EXTERNAL REVIEW 2022
- Assurance scope
- Use of proceeds allocation and tracking; project selection and evaluation; impact reporting and metrics; compliance with framework standards and principles; sustainability performance target validation REPORT REVIEW 2025
Corporate Strategy & Mission
- Corporate mission and sustainability strategy
- Energy infrastructure operator committed to sustainable finance and energy transition; core strategy integrates sustainability into operating model and strategic planning (2025-2029 Strategic Plan) GREEN FINANCING SUSTAINABLE FINANCE FRAMEWORK 2025
- Sustainability strategy pillars and focus areas
- Climate and Biodiversity Strategy; Energy Transition Strategy; Net Positive Initiatives; acting in accordance with business ethics and anti-corruption principles; managing impacts, risks and opportunities; people (workforce) development GREEN FINANCING SUSTAINABLE FINANCE FRAMEWORK 2025
- Corporate purpose statement relating to sustainability
- Energy to inspire the world; sustainable and technologically advanced infrastructure operations for energy transition SUSTAINABLE FINANCE ANNUAL REPORT 2024
Issuance Details
- Bond instrument type
- Green bonds, Sustainability-linked bonds, European Green Bonds, Green loans SECOND PARTY OPINION 2025
- Bond ISIN code
- XS2433211310, XS2433226854 CONFIRMATION LETTER 2025
Proceeds Allocation & Reporting
- Use of Proceeds and Environmental Benefits
- Five main categories: (1) Carbon & emission reduction projects, (2) Renewable energy projects (Bio-methane), (3) Energy Efficiency projects, (4) Green development projects, (5) Retrofit of gas transmission network SUSTAINABLE FINANCE ANNUAL REPORT 2024
Changes Over Time
Items where disclosed information changed across documents.
Second Party Opinion (SPO) provider name and assessment date
Sustainable bond framework name and version
2025 Snam Sustainable Finance Framework 2021
Framework publication date and update history
Alignment with ICMA Green Bond Principles
Bond types covered under framework
SPO assessment scope and methodology
2022 Post-issuance verification with lifecycle validity as long as no material changes are undertaken by issuer to Climate Action and Transition Bonds Report →
2022 Post-issuance verification against ICMA Harmonized Framework for Impact Reporting and relevant bond frameworks →
2023 Post-issuance verification of Use of Proceeds Debt Instruments Annual Report aligned with ICMA Harmonized Framework for Impact Reporting (June 2022), ICMA Green Bond Principles, and ICMA Green Loan Principles (February 2021) →
2025 Post-issuance confirmation and recalculation event verification