About

Snam is an Italian natural gas infrastructure company and was originally a subsidiary of Italian energy company Eni. The Snam legal team has developed over time, evolving its structure based on the growing needs of the company. The legal team is composed of 47 professionals who are supported by three staff, with each unit within the legal team in charge of different legal fields and practices, ‘in order to be responsive and properly prepared in giving legal support to any other functions within the company’, says GC and head of enterprise risk management Marco Reggiani. In the last two years the legal team has grown considerably in terms of territorial extension of its acitivities and assets and of business diversification. Most notably the legal team has provided legal support to the acqusition of a 66% stake in DESFA, the national operator in the natural gas infrastructure sector, from the Hellenic Republic Asset Devlopment Fund (HRADF) and Hellenic Petroleum for €535m. The legal team also supports the financial operations that led Snam to the launch of the first Climate Action Bond in Europe for an amount of €500m. ‘One of the key factors in Snam’s reputation is its ability to conduct its business with loyalty, fairness, transparency, honesty and integrity, in compliance with current regulations, both national and foreign, aimed at preventing and counteracting corruption. Snam promotes and supports integrity because where there is integrity there cannot be corruption’, says Reggiani. For this reason, the company, mainly represented by its general counsel, often attends conferences concerning ethics, anticorruption and responsible business conduct.