SACE joins the Partnership for Carbon Accounting Financials

SACE adheres to the Partnership for Carbon Accounting Financials (PCAF), a global initiative between financial institutions aimed to provide a common methodology for assessing and disclosing the greenhouse gas emissions generated by the transactions in their portfolio. SACE becomes one of the 400+ financial institutions from all over the world that adhered to this initiative, representing one of the first institutions within the Italian landscape as well as one of the first ECAs at the international level.

For the past two years, SACE has been measuring the emissions generated by its portfolio, taking inspiration from the PCAF methodology. The first result of this exercise has been published within the 2022 Non-Financial Statement and currently SACE is finalizing the assessment of the climate impact of the transactions relevant to last year’s portfolio.

With the PCAF membership, SACE will have the opportunity to fine-tune the calculation of its carbon footprint thanks to the access to sectoral databases, to technical assistance services and through sharing best practices with the other members.

The initiative falls within the framework of SACE’s industrial plan (INSIEME 2025), which identifies sustainability as the founding principle of the Group’s activity, by introducing impact assessments and measurements in all business decisions and processes, and by supporting the acceleration of the sustainable development of businesses with all its products.

“The membership to the Partnership for Carbon Accounting Financials perfectly aligns with the roadmap we have outlined in our industrial plan”, comments Antonella Gentili Head of Economic and Environmental Analysis at SACE. “Thanks to this initiative, we at SACE Group are adding a strategic component to our commitment to the sustainability of our business and towards an increasing transparency on the climate impact of our activity”.