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First of all, Group investment policy is dictated by the safety and reliability of the issuer, by adopting prudent criteria and seeking the right balance between
risk and medium-to long term profitability; in particular, speculative investments
are refused and great care is taken to avoid investments with a high risk of any
type.
Furthermore, the Group bases its own investment choices on a consideration of
environmental, social and corporate governance aspects that are combined with
the usual economic and financial assessments. In this way, it has been possible
to enhance investment safety and protect against the harmful effects - on its
reputation and on the relationship of trust that has been built over the years
with its stakeholders - that could arise from involvement, through investment,
in activities contrary to the principles of the Group. By doing so, Generali ethically
follows the investment policies that it has adopted, without sacrificing profitability,
joining the ranks of investors that have adopted responsible conduct on the financial
markets.
Aware of its important role, as an institutional investor, in protecting the
environment, respecting human rights and improving society as a whole, for several
years now Generali has decided to adopt investment policies capable of influencing
the behaviour of the issuers in which it invests.
In choosing investments, the Group considers the compliance of companies with
its own Ethical Guidelines, which Generali decided to define in 2010 in order to fully express its own
point of view on the fundamental prerequisites that should characterise investments,
previously borrowed from the Norwegian Government Pension Fund. In particular,
the Group has confirmed its intent to base its own choices on the conduct of individual
enterprises in view of environmental, social and governance benchmarks, regardless
of the industry involved, and thus not to adopt, as general criteria for exclusion,
certain controversial moral issues likely to change over time (e.g. the use of
nuclear energy or genetic engineering techniques, the production of alcohol or
tobacco, etc.).
In order to implement the investment policy outlined, the Group has defined a
management system and an operational approach both for managing own investments, through the application
of an ethical filter, and for managing third-party assets, through the SRI offer concerning a number of socially responsible investments funds.
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last update on 11-07-2012 11:20
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Focus
Sustainability Report 2011
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