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Saras

Saras SpA is a publicly listed semi integrated oil and gas company headquartered in Italy. In 2020, it had USD 9.50 billion in revenue and a reported 1,745 employees in 2019*. Saras is the largest company in Sardinia and mainly services the Italian and Spanish markets. Though the company is developing and investing in wind power generation and biofuels, it continues to be reliant on its oil and gas operations.

Ranking position
#32/100
Total score
15.2/100
Performance score
1.4/20
Narrative Score
ABCDE
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-100)

Targets

0.0 /100 #38

Material Investment

3.3 /100 #61

Intangible Investment

0.0 /100 #20

Sold products

0.0 /100 #55

Management

29.0 /100 #58

Supplier Engagement

0.0 /100 #57

Client Engagement

0.0 /100 #53

Policy Engagement

30.0 /100 #27

Business Model

20.0 /100 #13

Leading practices

No leading practices were identified for this company.

Risks and opportunities

Trend

Saras receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. Saras has only set a target for reducing its scope 1 and 2 emissions intensity by 2% by 2020 and has not implemented longer-term targets or a scope 3 emissions reduction target. Given this, Saras is unlikely to see significant emissions reductions.

The expansion of the company’s renewable electricity, biofuels and green hydrogen projects could improve its alignment with its 1.5°C pathway. However, Saras’ low-carbon electricity activities are still negligible compared to the size of its oil and gas operations, and it is yet to implement these activities at the scale required to transition away from oil and gas.

Progress towards the Paris Agreement

More about the company

Headquarters
Sarroch, Sardinia, Italy
Group revenue
USD 9.50 billion
Ownership structure
Publicly listed
Number of employees
1,745
Scope of activity
Semi Integrated
Website
https://www.saras.it/