Sace, officially known as Sace S.p.A., is a prominent player in the insurance and pension funding services sector, specifically focusing on non-compulsory social security services. Headquartered in Italy, Sace operates extensively across Europe and beyond, providing tailored solutions to meet the diverse needs of businesses and individuals.
Founded in 1977, Sace has achieved significant milestones, establishing itself as a leader in credit insurance, surety bonds, and export finance. Its unique offerings, such as tailored insurance products and risk management services, set it apart in a competitive market. With a strong commitment to innovation and customer service, Sace has garnered a reputation for reliability and expertise, making it a trusted partner for clients seeking comprehensive insurance solutions.
-7 vs industry average
Sace’s score of 32 is lower than 45% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Insurance Services is among the least carbon-intensive industries
Industry performance
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Sace's reported carbon emissions
Sace, an insurance and pension funding services provider headquartered in Italy, reported a total of approximately 18.2 billion kg CO2e in 2023. This figure comprises Scope 1, Scope 2, and Scope 3 emissions.
In 2023, Sace's Scope 1 emissions were approximately 258,200 kg CO2e, and its Scope 2 emissions (location-based) totalled approximately 443,800 kg CO2e. Scope 3 emissions were significantly higher, amounting to approximately 18.06 billion kg CO2e. The total combined Scope 1 and 2 emissions for 2023 were approximately 1,312,400 kg CO2e.
For the preceding year, 2022, Sace's total emissions were approximately 18.06 billion kg CO2e. Scope 1 emissions for 2022 stood at approximately 347,100 kg CO2e, with Scope 2 (location-based) emissions at approximately 513,500 kg CO2e. Scope 3 emissions were reported as approximately 18.06 billion kg CO2e. The combined Scope 1 and 2 emissions for 2022 were approximately 965,000 kg CO2e.
In 2021, Sace reported total emissions of approximately 24.3 billion kg CO2e. Scope 1 emissions were approximately 357,900 kg CO2e, and Scope 2 emissions (market-based) were approximately 261,400 kg CO2e, while Scope 2 (location-based) emissions were approximately 717,800 kg CO2e. Scope 3 emissions for business travel were approximately 263,000 kg CO2e.
In 2020, Sace's reported emissions data included approximately 2.72 million kg CO2e for Scope 2 (market-based) and approximately 7.13 million kg CO2e for Scope 2 (location-based). There was no Scope 1 or Scope 3 data provided for this year.
For 2019, Sace reported Scope 1 emissions of approximately 432,750 kg CO2e and Scope 2 emissions of 0.0 kg CO2e (both market-based and location-based). The total combined Scope 1 and 2 emissions for 2019 were approximately 432,700 kg CO2e.
In 2018, Sace's Scope 1 emissions were approximately 411,100 kg CO2e, with Scope 2 emissions at 0.0 kg CO2e (market-based and location-based). The total combined Scope 1 and 2 emissions for 2018 were approximately 411,200 kg CO2e.
Sace's sustainability reports indicate a focus on reducing its environmental impact, although specific quantitative reduction targets or achievements were not detailed in the provided information. The company's disclosures mention the importance of managing emissions across its value chain, with a notable portion of its reported emissions stemming from Scope 3 categories such as purchased goods and services.
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Sace’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Sace yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Sace
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