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 38 is higher than 64% 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 13,124,400 kg CO2e, which includes 443,800 kg CO2e from Scope 2 emissions and a significant 18,060,738,000 kg CO2e from Scope 3 emissions. The previous year, 2022, saw total emissions of about 9,650,000 kg CO2e, with Scope 2 emissions at 513,500 kg CO2e and Scope 3 emissions at 18,058,787,000 kg CO2e. Sace has not disclosed any Scope 1 emissions data, indicating a focus on Scope 2 and 3 emissions in their reporting. The company has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). Sace's emissions data is not cascaded from a parent organization, and all figures are reported directly from Sace S.p.A. The company continues to monitor its carbon footprint as part of its broader climate commitments, although specific reduction strategies have yet to be outlined.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 411,100 | 000,000 | - | - | - | - |
| Scope 2 | - | - | 0,000,000 | 0,000,000 | 000,000 | 000,000 |
| Scope 3 | - | - | - | - | 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.
