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SACE for the environment

The impact of our external and internal activities on the environment

 

We undertake to promote a culture focused on protecting the environment, both in its business activities and in management within the business, incentivising responsible behavior.

 

What we do within the company

 

We have set ourselves specific goals in terms of our environmental impact, including the adoption of eco-friendly strategies and measures, like the reduction in energy consumption; separate waste collection and recycling; development of Mobility Management programs; the re-use of corporate assets that are still functioning, extending their lifespan with the “Zero Rifiuti” [“Zero Waste”] initiative; the paperless campaign, which has contributed to emptying the SACE offices of superfluous paper, and halving the number of printers and the replacement of paper magazines and newspapers with digital versions to reduce emissions from the distribution process. A focus on the environment is, now, an essential component for the sustainability of a company and for the long-term growth of the whole economy. For this reason, since 2018, SACE and its subsidiaries have embarked upon a path aimed at obtaining and keeping the UNI EN ISO 14001:2015 certification, whose Application Scope includes the Rome, Milan, Bologna and Mestre branches, implementing a policy aimed at protecting the environment and the region.

 

What we do in our business activities

 

In order to ensure that the environmental and social impact of our projects complies with international standards, we have set up a specific “Environment Unit” and implemented a system of guidelines for due diligence in relation to export credit transactions, not restricting ourselves to a preventive analysis. Depending on the degree of complexity and potential environmental and social impact, we actively monitor projects involved, checking, over time, their compliance with international standards and collaborating to resolve any deviation issues.

The process for assessing the potential environmental impacts of projects implemented overseas is described in detail here and is based on compliance with the rules and principles contained in the Recommendation issued by the OECD: “Common Approaches on Officially Supported Export Credits and Environmental and Social due diligence”. In line with the requirements of the OECD Recommendation, SACE has a policy for disseminating environmental information that, among other things, provides for all transactions subject to assessment:

  • prior disclosure with the publication of the Environmental and Social Impact Assessment (ESIA) of the category A transactions over 30 days prior to the final decision regarding issuing the insurance guarantee;
  • post disclosure with the periodic publication, subsequent to the resolution to guarantee category A and B transactions.

Environmental News

Below, the environmental and social impact assessments are available for the transactions being assessed in category A and, every six months, the information relating to category A and B transactions that are guaranteed.

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Enviroment News 25 October 2022
SACE is assessing the Sakarya Gas Field Development (Phase I) Project to extract, transport onshore and process natural gas from the Sakarya Gas Field (Block C26) located in the exclusive economic zone of Turkey, off the Western Black Sea Region, 165 km offshore from Filyos, at a depth of approximately 2,200 m. The project includes several units: i) the Subsea Production System (SPS) in Sakarya Gas Field ii) the Onshore Production Facility (OPF) in Çaycuma district of Zonguldak province iii) two offshore pipelines for gas transportation from field to OPF and MEG transportation from OPF to field and iv) an umbilical, all including shore crossings (SURF). Under Phase 1, natural gas will be produced from 10 wells with production capacity of 3.5 billion m3 per year.
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Enviroment News 07 October 2022
SACE is considering support for the ‘RDMP Balikpapan’ Project, which consists of the expansion of an existing refinery (called Refinery Unit V Balikpapan), located in Balikpapan city, East Kalimantan province, Borneo Island, Indonesia.
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Enviroment News 07 October 2022
SACE is considering support for 'Alexandre de Gusmão' Project which consists of the construction, commissioning, operation and maintenance of a new built spread moored Floating Production, Storage, and Offloading unit (“FPSO”), with processing capacity of 180,000 bbl/d of oil, compression of 12 million m3/d gas and 1.4 MMbbl storage capacity as a minimum.
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Enviroment News 31 August 2022
SACE is considering support for the ‘Mexicali Oriente’ Project involving the development of an internal combustion engines power plant to be located in the Municipality of Mexicali, State of Baja California, Mexico.
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Enviroment News 31 August 2022
SACE is considering support for ‘Borouge 4‘ Project regarding the expansion of an existing petrochemical industrial complex, located in the Ruwais Industrial Area in Abu Dhabi, UAE.
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