Sace
Sace, officially known as Sace S.p.A., is a prominent player in the Italian insurance and financial services sector, headquartered in Rome, Italy. Founded in 1977, the company has established itself as a leader in export credit and investment protection, serving clients across Europe, Africa, and the Americas. Sace offers a range of core services, including credit insurance, surety bonds, and financial guarantees, uniquely tailored to support businesses in mitigating risks associated with international trade. With a strong focus on innovation and sustainability, Sace has achieved significant milestones, including partnerships with major financial institutions and a robust portfolio of insured transactions. Recognised for its expertise and reliability, Sace continues to enhance its market position, contributing to the growth of Italian exports and fostering economic development on a global scale.
DitchCarbon Score
How does Sace's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Sace's score of 41 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sace's reported carbon emissions
In 2023, Sace reported total carbon emissions of approximately 18,060,738,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 99.6% of the total. Scope 1 emissions were recorded at approximately 258,200 kg CO2e, while Scope 2 emissions totalled about 443,800 kg CO2e. The combined Scope 1 and 2 emissions amounted to approximately 1,312,400 kg CO2e. Comparatively, in 2022, Sace's emissions were approximately 18,058,787,000 kg CO2e, with Scope 1 emissions at about 347,100 kg CO2e and Scope 2 emissions at approximately 513,500 kg CO2e. This indicates a slight increase in Scope 3 emissions year-on-year, while Scope 1 and 2 emissions saw a reduction. Sace has not disclosed any specific reduction targets or initiatives as part of its climate commitments, nor does it appear to have cascaded any targets from parent organisations. The absence of documented reduction initiatives suggests a need for further development in their climate strategy. Overall, Sace's emissions profile highlights the significant impact of Scope 3 emissions, underscoring the importance of addressing these in future climate action plans.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 411,100 | 000,000 | - | 0,000,000 | 000,000 | 000,000 |
| Scope 2 | - | - | 0,000,000 | 0,000,000 | 000,000 | 000,000 |
| Scope 3 | - | - | - | 0,000,000 | 00,000,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Sace is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
