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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 20 November 2015
SACE has received an application for the Eti Bakir Project for the development of a Potassium-based fertilizer plant in an existing site at Kocakent, Mardin Province, Turkey.
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Enviroment News 19 November 2015
SACE is reviewing the “CORU” Project for the modernization and expansion of an existing refinery situated nearby Moscow, Russia.
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Enviroment News 17 November 2015
SACE has received an application for the GRATI Project for the upgrade of an existing gas fired combined cycle power plant, located in Pasuruan, Indonesia.
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Enviroment News 13 November 2015
SACE is reviewing the Liwa Plastics Industries Complex Project, which includes the installation of a new petrochemical complex in Sohar, the construction of a 300km pipeline for NGL transport from Fahud to Sohar and a NGL extraction plant in Fahud (Oman).
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Enviroment News 11 November 2015
SACE is reviewing the Midor Refinery Expansion Project for the modernization and expansion of an existing refinery situated in Alexandria, Egypt.
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