SACE for the environment

The impact of our external and internal activities on the environment

 

In line with the new national approach defined on the basis of the COP26 Statement on International Public Support for the Clean Energy Transition, we are committed to promoting a culture that is attentive to climate and environmental protection also in our business activities.

 

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 23 September 2019
SACE has received an application for the Assiut Hydrocracker Complex Project for the expansion of an existing refinery located near Assiut City, Egypt.
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Enviroment News 06 August 2019
SACE is considering support for the Amur Gas Processing Plant project, which comprises the construction of gas treatment plant located near the city of Svobodny, Amur region, Russian Federation.
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Enviroment News 07 June 2019
SACE has received an application for the Rovuma LNG (Liquefied Natural Gas) Project, for the development of offshore natural gas extraction fields, including offshore pipelines, a liquefied natural gas plant, storage and a marine loading facility, in Northern Mozambique.
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Disclosure ex-post 20 May 2019
Periodic publication after the insurance decision, of Category A and B projects.
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Enviroment News 08 February 2019
SACE is considering support to the Nord Stream 2 Project for construction and subsequent operation of a 1,200 km twin subsea natural gas pipelines through the Baltic Sea, from the Russian coast in the Leningrad region, reaching landfall near Greifswald in Germany. In addition to these two countries, the pipeline will pass through the jurisdictions of Finland, Sweden and Denmark.
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