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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 September 2009
SACE has received an application for the Hydrogen Plant Project for the upgrade of an existing refinery in Rijeka, Croatia.
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Enviroment News 07 August 2009
SACE is considering the “Nord Stream” project for the development of a 1220 km offshore gas pipeline to link Russia to the European Union through the Baltic Sea, crossing several countries (Russia, Finland, Sweden, Denmark and Germany).
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Enviroment News 05 August 2009
SACE is considering a potential involvement in the “Coronel” project for the construction of a 700 MW thermoelectric power plant in Chile.
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Enviroment News 22 June 2009
SACE has received the Environmental Impact Assessment (EIA) for the “Jubail Refinary and Petrochemical Project” for the construction of a refinery in the Kingdom of Saudi Arabia.
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Enviroment News 19 June 2009
SACE is considering a potential involvement in the “Papua New Guinea LNG Project” (PNG LNG) for the development of natural gas extraction fields, including onshore and offshore pipelines, a liquefied natural gas plant, storage and a marine loading facility, in Papua New Guinea.
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