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

(Zawya, London, 1 December 2023) 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 Italian ECA is working on a €8.7 billion pipeline in the Gulf region for the Italian supply chain in strategic sectors such as renewables, infrastructure and construction, logistics, food and beverage, and energy. The Agency is also working on a €2 billion pipeline for Green Push transactions in the region.