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Responsible commitment to people and the environment

Sustainability in SACE

We work to support all Italian companies and the real economy of the country. We integrate sustainability and corporate strategy into our activities to create value for all our stakeholders. Sustainability has become part of our mission which assigns us the task of supporting and promoting the export and internationalization of Italian companies by supporting the relaunch of the national economy, creating value in support of the entire country system and proactively supporting the European Green New Deal.

SACE's Export Credit activity is regulated by the OECD agreement on export credits (Arrangement on Officially Supported Export Credit), within which there are two sectoral agreements (Sector Understandings) dedicated respectively to the reduction of support for coal (Coal-Fired Electricity Generation Sector Understanding - CFSU) and the promotion of renewable energy, climate change mitigation and adaptation measures and projects in the water sector (Sector Understanding on Export Credits for Renewable Energy, Climate Change Mitigation and Adaptation, and Water Projects - CCSU).

Still within the OECD, SACE complies with the following Recommendations of the OECD Council:

  • Recommendation on Common Approaches for Officially Supported Export Credits and Environmental and Social Due Diligence (“Common Approaches”);
    Recommendation on Sustainable Lending Practices and Officially Supported Exports Credits;
  • Recommendation on Bribery and Officially Supported Export Credits.

Through the new operation of the "green guarantees" SACE contributes to the pursuit of the objectives of the European Green Deal, drawing inspiration from the principles of Taxonomy and other European reference regulations in order to identify the operations eligible for this scheme.

As a member of the Berne Union, the international association representing Export Credit and Investment Insurance operators globally, SACE follows the Guiding Principles and the Value Statement.

Furthermore, SACE voluntarily draws inspiration from other guidelines and international agreements, including for example the OECD Guidelines for Multinational Enterprises, which provide non-binding principles and standards for responsible business conduct.

 

The 2020 Sustainability Report

The sustainability report, available soon, will present the results of the work carried out in recent months and our performance using the indicators of the GRI Standard. Among the most relevant indicators:

 

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CO2 emissions from non-renewable sources saved

 

 

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Sustainability Report 2020
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Sustainable Development Goals

 

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We implement specific initiatives in support of global objectives. Our areas of commitment include: the well-being and equality of people, the reduction of energy consumption and the decrease in the use of plastic.

SACE for the Green New Deal

 

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The Green New Deal is the European plan that promotes a circular Europe: modern, sustainable and resilient. With our "green" guarantees, we play a central role in supporting the initiative by boosting the national economy.

SACE for the environment

 

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We pay particular attention to the direct and indirect impacts that our activities have on the environment and on stakeholders. Our goal is to create value for all the players involved.

SACE for people

 

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Our excellence is founded on people. We value our employees and support their quality of life through programs and initiatives aimed at improving both the professional and personal spheres.

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