Public Profile

SIMEST

SIMEST, or Società Italiana per le Imprese all'Estero, is a prominent Italian company headquartered in Rome, Italy. Established in 1991, SIMEST has played a pivotal role in supporting the internationalisation of Italian businesses, particularly in Europe, Asia, and Africa. Operating within the financial services industry, the company focuses on providing tailored financial solutions, including equity investments, loans, and advisory services. What sets SIMEST apart is its commitment to fostering the growth of Italian enterprises in global markets, offering unique products that combine financial support with strategic guidance. Over the years, SIMEST has achieved significant milestones, including partnerships with various international organisations, solidifying its position as a leader in export finance. With a strong reputation for reliability and expertise, SIMEST continues to empower Italian businesses to thrive on the international stage.

DitchCarbon Score

How does SIMEST'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.

7

Industry Average

Mean score of companies in the Financial Intermediation 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.

26

Industry Benchmark

SIMEST's score of 7 is lower than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.

17%

SIMEST's reported carbon emissions

In 2022, SIMEST reported total carbon emissions of approximately 811,330 kg CO2e. This figure includes 192,990 kg CO2e from Scope 1 emissions, primarily from stationary combustion (170,370 kg CO2e) and mobile combustion (670 kg CO2e). Scope 2 emissions accounted for about 589,760 kg CO2e, calculated on a market-based approach, while Scope 3 emissions, specifically from business travel, contributed approximately 473,190 kg CO2e. Despite the significant emissions, there are currently no publicly disclosed reduction targets or climate pledges from SIMEST. The absence of specific initiatives or commitments highlights a potential area for improvement in their climate strategy. As the company continues to navigate its environmental impact, establishing clear reduction goals could enhance its sustainability profile and align with industry standards for climate action.

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2022
Scope 1
192,990
Scope 2
589,760
Scope 3
473,190

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. SIMEST's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. SIMEST is headquartered in IT, which has a rank of low, indicating low grid carbon 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.

SIMEST is not committed to any reduction initiatives 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.

SBTi
CDP
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers