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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 26 March 2003
Sace has been requested a Promise of Guarantee for the Baku-Tiblisi-Ceyan, BTC, a pipeline to transport crude oil from Azerbaijan through Georgia to Turkey.
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Enviroment News 17 January 2003
Today, the Executive Committee of SACE approved the guarantee to Ansaldo Energia S.p.A.for the supply of electromechanical components, equipments, systems and services destined to complete the second unit of the nuclear power plant of Cernavoda, Romania.
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Enviroment News 16 January 2003
Environmental guidelines have been gradually introduced in SACE activities during 2001; the Italian commitment to enforce the OECD draft Recommendation ''Common Approaches on Environmental and Officially Supported Export Credit'' Rev. 6, brought to the wider application of the environmental assessment to every export credit transaction having a 24-months (or longer) repayment term, as from January 2002. Nearly one year later, the experience gained so far makes it possible to draw some conclusions on:
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Disclosure ex-post 31 December 2002
Periodic publication after the insurance decision, of Category A and B projects.
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Enviroment News 26 August 2002
The Summary Report of the Environmental Impact Assessment (EIA) for the completion works of the 2nd unit of the nuclear plant in Cernavoda, Romania, is available as from the 15th of August, for 45 days, on SNN website, at the following web address: http://www.nuclearelettrica.ro/
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