Sace Sustainability Profile
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 59% 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 258,200 kg CO2e, while Scope 2 emissions totalled 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 347,100 kg CO2e and Scope 2 emissions at 513,500 kg CO2e, leading to a total of about 965,000 kg CO2e for Scope 1 and 2 combined. Sace has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The absence of documented reduction targets suggests a need for further development in their climate strategy. The emissions data is not cascaded from any parent organisation, indicating that Sace S.p.A. operates independently in its reporting and climate commitments.
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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 |
How Carbon Intensive is Sace's Industry?
How Carbon Intensive is Sace's Location?
Sace's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Sace has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
