Italy’s export credit agency SACE unveils its ambitious ESG strategy at COP28

Italy’s export credit agency SACE unveils its ambitious ESG strategy at COP28

Italian export credit agency SACE unveiled a new ESG [environmental, social, and governance] strategy at COP 28, which will progressively align its business model with the United Nations Sustainable Development Goals (SDGs).  The new strategy, unveiled at an offsite event during the COP28 summit in Dubai on Thursday, will integrate ESG criteria into decision-making processes and is underpinned by a scientific impact measurement system, the Agency said in a press statement. The statement said that accelerating companies' transition represents the primary pillar of SACE's strategy, noting that the focus would be on key sectors like renewable energy, circular economy, electric vehicles, and shared mobility, emphasising SMEs. The second pillar is to become an ESG Excellence Company by aligning internal activities with ESG goals through initiatives that reduce environmental impact, cultivate a sustainable supply chain, and nurture sustainable leadership within SACE. The statement said a Roadmap would provide a clear and tangible direction to achieve the ESG objectives during the 2024-2025 business plan period while setting ambitious goals extending into 2030 and beyond. Alessandra Ricci, CEO of SACE, said the Roadmap is a collaborative endeavour involving all SACE stakeholders and our team. Together, we aim to amplify the impact of this