As one of the major insurance and financial players on the international scene,
the Generali Group has come to encompass the interests and expectations of a number of stakeholders:
members of staff, shareholders and investors, clients, suppliers, issuing companies,
institutions and local communities.
Throughout its history, the Group has been distinguished for its marked attention
to members of staff, shareholders and the local community, based on the observance
of a system of values such as professionalism, transparency and responsibility.
These principles are reiterated in the Generali Group Ethical Code, revised and approved by the Parent Company’s Board of Directors on 12 May 2010. The reasons for its partial revision can in part be attributed to social-economic
changes and to our Group strategies evolving due to these. The drawing up of the
Ethical Code implies the existence - or the future existence - of specific codes
complying with national rules, practices and cultures and fully governing relations
between Group companies and major stakeholders in all the countries where the
Group operates.
Moreover, to demonstrate its social commitment and respect for the environment,
in 2007 our Group decided to participate in UN Global Compact, the UN initiative promoting the engagement of companies to support and implement
the 10 universal principles on human rights, labor, environment and fight against
corruption. In 2010, the Group joined the Carbon Disclosure Project, an initiative to meet the challenges associated with climate change and limit
their scope by adopting eco-sustainable behaviour.
The Group’s growing commitment in the various realms of sustainability has led
to the establishment of dedicated bodies and new corporate departments committed
to making not only economic, but also social and environmental issues a constant
focus of attention through adequate tools.
The Generali Group Sustainability Report has been published since 2005 to report on the social and environmental performance.
Starting from the 2007 Report, the document is also subject to approval from the
Parent Company’s B.o.D.
SRI ratings and ethical indexes
Assicurazioni Generali is included in the ECPI Ethical Index Euro, which selects the 150 top capitalized companies in the European market, and
in the ECPI Ethical Index Global,
where the 300 top capitalized companies in the global market are chosen.
In both Indexes, the companies must be eligible investments according to ECPI
Ethical Screening Methodology. ECPI is an Italian company dedicated to sustainability Research, rating and indexes.
It’s rated "EE-" by the Standard Ethics AEI (Agenzia Europea di Investimenti, European Investments Agency). Standard Ethics
AEI is an Economic Interest European Group, aiming at promoting company ethics,
Corporate Social Responsibility and Socially Responsible Investments (SRI).
As a result of a review by the Oekom Research AG, an independent German rating agency focusing on SRI, Assicurazioni Generali
Spa's rating was upgraded in early 2010 from C- to C and classified as 'PRIME'. The "PRIME" rating means that Generali's tradeable bonds and shares will qualify
for responsible investment.
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