We have decided to highlight the Saras Group’s commitment to the growth of the territory by becoming more effective communicators.
The study commissioned to the Ambrosetti firm, in November 2018, meets this goal: to assess and measure the value created by the Saras Group in Sardinia and Italy and communicate it transparently, beyond purely financial results.
The study, based on the ‘Four capitals’ model developed by The European House – Ambrosetti, describes the Saras Group’s contribution to growth of the local capital, with a multidimensional approach covering economic, sociocultural, intellectual and environmental aspects – the four capitals – that contribute to the growth of the local capital.
To become a reference point as a supplier of sustainable energy that fuels peoples’ lives
Since its foundation and the start of industrial production in the 1960s, the Saras Group has pursued a process of constant growth, internationalization and transformation, accompanied by deep roots in Italy and especially in Sardinia.
From its inception, Saras has built close ties with the territory.
Our development has gone hand in hand with development of the local area.
For more than 50 years, Saras has promoted social projects that generate value for the community. We work on initiatives to support the local community, the local history and traditions, with a special focus on young people and the needs of the community.
This is why it is important for our Group to measure the economic benefits of our operations, both at national level and for the local communities and territories, which Saras considers among its key strategic stakeholders, those who have the greatest influence on the Group and in turn are most influenced by it.
Resilience and Vision
In the most difficult years for European refining (2009-2014) Saras showed not only resilience but also vision, by investing to maintain its leadership role in the refining industry.
Today, Saras is one of the largest company in Italy in terms of turnover and the largest company in Sardinia, the second in terms of number of employees: 90% of the Saras workforce is based in Sardinia.
Saras exports account for 82% of Sardinia’s total exports.
Saras pays taxes in Sardinia and contributes to the Region’s public finances with € 456 million, 5% of the Regional Government’s budget.
Any alternative scenario to the refining business operated by the company would make Sardinia significantly poorer.
Against a national context of declining public and private investments, the company has moved in the opposite direction, contributing significantly to the growth of the local and national economy: we have invested more than € 2 billion in the past 12 years and plan to invest over € 800 million in the period 2019-22 (+40%) mainly in the areas of safety, the environment and IT processes.
In the province of Cagliari alone, Saras generated added value of almost € 700 million in 2015 (77% of the added value of the manufacturing sector in the province).
Saras also helps to support various supply chains in Sardinia: the value of its supplies of goods and services in Sardinia amounts to € 237 million, 98% of which in the province of Cagliari.
By adding to the direct share the indirect and downstream component,
Saras’ contribution to Sardinia’s economy exceeds € 456 million.
Specifically, an ecosystem of small and medium-sized enterprises has developed around the Sarroch refinery. They have grown thanks to the auxiliary and maintenance services they supply to Sarlux, building expertise they can also offer to other industrial companies.
The Group’s also has a strong focus on respect for the environment: our corporate environmental responsibility is reflected in the large investments made in recent years and in the many certifications obtained. Sarlux was the first refinery in Italy to obtain the Integrated Environmental Authorisation (Autorizzazione Integrata Ambientale – AIA), a comprehensive permit allowing operation of the plant subject to compliance with a set of stringent environmental control and safety parameters.