BAKU, Azerbaijan, June 13. Snam has released
its European Green Bond Factsheet, providing a transparent overview
of the use of proceeds from its green bond issuances in full
alignment with the European Green Bond Standard (EU GBS), Trend reports.
The document highlights the role of green financing in
supporting projects aimed at transforming Snam’s network into a
green infrastructure. The Factsheet has undergone independent
verification by ISS, which confirmed its compliance with Regulation
2023/2631/EU on European Green Bonds.
The publication reaffirms the importance of sustainable finance
in Snam’s overall financial strategy. As part of its updated
Sustainable Finance Framework, the company targets increasing the
share of sustainable finance to 90% by 2029 through a mix of
Sustainability-linked and Green debt instruments.
Funds raised through these instruments will be allocated to
projects aligned with the EU Taxonomy and reported with full
transparency to the market and stakeholders. These investments are
intended to support measurable climate outcomes and contribute to
Snam’s goal of achieving net-zero emissions by 2050.
