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Trade with Italy

 

We pay the greatest possible attention to the potential impacts of our activities on the environment in which we live. With this in mind, in addition to implementing programmes to increase energy efficiency, reduce consumption and train staff on these issues, in 2001 we created the Environmental Unit and adopted the Environmental Guidelines, drawing up a procedure for assessing the potential environmental impacts of projects implemented abroad in accordance with the rules and principles contained in the OECD recommendation “Common Approaches on Environment and Officially Supported Export Credits”.

Inside, SACE undertakes to adopt eco-friendly strategies and measures such as reduction of energy consumption, differentiated waste collection, recycling of waste, and the development of mobility management programmes, to meet commuting needs through low-environmental impact solutions, without overlooking specific training initiatives for our employees.

At SACE, analysing the environmental and social impact of projects is an integral part of the assessment process, not only for export credit, as recommended by the OECD, but for many of the insurance products developed to support corporate clients.

We classify the assessed projects into three categories according to the degree of potential environmental and social impact (A - significant, B - moderate, C - negligible) and, where the complexity of the project demands, we monitor its implementation to ensure that it complies with international standards. The environmental monitoring process is applied to most projects with a high potential impact and the level of detail is decided, on a case-by-case basis, in accordance with the nature of the project and the result of the assessment.

Based on the OECD Recommendation, the policy of dissemination of environmental information requires, for all assessed projects:

  • ex ante disclosure, with the publication of the Environmental and Social Impact Assessment (ESIA), of Category A projects within 30 days preceding the final insurance decision.
  • ex-post disclosure, with periodic publication after the insurance decision, of Category A and B projects.

For further information on environmental and social due diligence, read here.  

 

 

Environmental news

The environmental and social impact assessments for Category A projects
under evaluation are subsequently made available, as is,
the information relating to insured Category A and B projects.

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Enviroment News 09 December 2019
SACE has received an application for the Nigeria LNG Train 7 Project, which includes construction and operation of a complete train, a common liquefaction unit, a new LNG jetty, utilities, loading facilities and tie-in with the existing 6-train plant on Bonny Island, in Nigeria.
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Enviroment News 25 September 2019
SACE is assessing a potential application for the Goryany Animal Farm Project, dedicated to the development of an animal farm for sows in the surroundings of Goryany, in Belarus.
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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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Disclosure ex-post 07 August 2019
Periodic publication after the insurance decision, of Category A and B projects.
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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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