Global Reporting Initiative and Communication on Progress

The management approach of the Generali Group to economic, environmental and social aspects and specific performance indicators required by the third generation of the sustainability reporting guidelines (G3) and the financial services sector supplement of the Global Reporting Initiative (GRI) are drawn up in the document below together with the ten principles of the Global Compact.

The Generali Group applied such guidelines to the Sustainability Report 2010, getting the application level B after GRI check.

GRI-CoP document	[185 Kb]
GRI application level	[353 kb]

Profile

1. Strategy and analysis

GRI indicators		Reported	Global Compact Principles	Cross reference
1.01	Statement from the most senior decision-maker of the organization.	Fully		Sustainability Report 2010, p. 3; 120 Group objectives and targets for environmental improvement Environmental data Environmental trends compared to the Group objectives and targets are detailed in the chapter Social-environmental Stakeholders - Environment.
1.02	Description of key impacts, risks, and opportunities.	Fully		Sustainability Report 2010, p. 3; 15

2. Organizational profile

GRI indicators		Reported	Global Compact Principles	Cross reference
2.01	Name of the organization.	Fully		Sustainability Report 2010, p. 14
2.02	Primary brands, products, and/or services.	Fully		Sustainability Report 2010, p. 14-15
2.03	Operational structure of the organization, including main divisions, operating companies, subsidiaries, and joint ventures.	Fully		Sustainability Report 2010, p. 14; 21
2.04	Location of organization's headquarters.	Fully		Sustainability Report 2010, p. 14
2.05	Number of countries where the organization operates, and names of countries with either major operations or that are specifically relevant to the sustainability issues covered in the report.	Fully		Sustainability Report 2010, p. 4-5;14 Management report and consolidated financial statements, p. 233-234
2.06	Nature of ownership and legal form.	Fully		Sustainability Report 2010, p. 70 Corporate governance and share ownership report, p. 9-10
2.07	Markets served (including geographic breakdown, sectors served, and types of customers/beneficiaries).	Fully		Sustainability Report 2010, p. 14-15
2.08	Scale of the reporting organization.	Fully		Sustainability Report 2010, p. 31-32 Management report and consolidated financial statements 2010, p. 14
2.09	Significant changes during the reporting period regarding size, structure, or ownership.	Fully		Sustainability Report 2010, p. 14; 70 Management report and consolidated financial statements, p. 22
2.10	Awards received in the reporting period.	Fully		Sustainability Report 2010, p. 17

3. Report parameters

GRI indicators		Reported	Global Compact Principles	Cross reference
3.01	Reporting period (e.g., fiscal/calendar year) for information provided.	Fully		Sustainability Report 2010, p. 4
3.02	Date of most recent previous report (if any).	Fully		Sustainability Report 2010, p. 4 The previous report was published in May 2010.
3.03	Reporting cycle (annual, biennial, etc.)	Fully		Sustainability Report 2010, p. 4 The reporting cycle is annual.
3.04	Contact point for questions.	Fully		Sustainability Report 2010, p. 140 Contacts Corporate Social Responsibility
3.05	Process for defining report content.	Fully		Sustainability Report 2010, p. 4
3.06	Boundary of the report (e.g., countries, divisions, subsidiaries, leased facilities, joint ventures, suppliers).	Fully		Sustainability Report 2010, p. 4-5
3.07	State any specific limitations on the scope or boundary of the report.	Fully		Sustainability Report 2010, p. 4
3.08	Basis for reporting on joint ventures, subsidiaries, leased facilities, outsourced operations, and other entities that can significantly affect comparability from period to period and/or between organizations.	Fully		Sustainability Report 2010, p. 4
3.09	Data measurement techniques and the bases of calculations, including assumptions and techniques underlying estimations applied to the compilation of the Indicators and other information in the report.	Fully		Sustainability Report 2010, p. 4
3.10	Explanation of the effect of any re-statements of information provided in earlier reports, and the reasons for such re-statement (e.g., mergers/acquisitions, change of base years/periods, nature of business, measurement methods).	Fully		Sustainability Report 2010, p. 4
3.11	Significant changes from previous reporting periods in the scope, boundary, or measurement methods applied in the report.	Fully		Sustainability Report 2010, p. 4
3.12	Table identifying the location of the Standard Disclosures in the report.	Fully		Sustainability Report 2010, p. 4
3.13	Policy and current practice with regard to seeking external assurance for the report.	Fully		Sustainability Report 2010, p. 4

4. Governance, commitments, engagement

GRI indicators		Reported	Global Compact Principles	Cross-reference
4.01	Governance structure of the organization, including committees under the highest governance body responsible for specific tasks, such as setting strategy or organizational oversight.	Fully		Sustainability Report 2010, p. 21-23 Corporate governance and share ownership report, p. 15-79 Management Corporate bodies' functions
4.02	Indicate whether the Chair of the highest governance body is also an executive officer.	Fully		Sustainability Report 2010, p. 22 Corporate governance and share ownership report, p. 37-38
4.03	For organizations that have a unitary board structure, state the number of members of the highest governance body that are independent and/or non-executive members.	Fully		Sustainability Report 2010, p. 22
4.04	Mechanisms for shareholders and employees to provide recommendations or direction to the highest governance body.	Fully		Sustainability Report 2010, p. 23; 52 European Works Council
4.05	Linkage between compensation for members of the highest governance body, senior managers, and executives, and the organization's performance.	Fully		Sustainability Report 2010, p. 24 Corporate governance and share ownership report, p. 85-107
4.06	Processes in place for the highest governance body to ensure conflicts of interest are avoided.	Fully		Related party transactions
4.07	Process for determining the qualifications and expertise of the members of the highest governance body for guiding the organization's strategy on economic, environmental, and social topics.	Fully		Sustainability Report 2010, p. 22 Corporate governance and share ownership report, p. 20-21
4.08	Internally developed statements of mission or values, codes of conduct, and principles relevant to economic, environmental, and social performance and the status of their implementation.	Fully		Sustainability Report 2010, p. 10-11
4.09	Procedures of the highest governance body for overseeing the organization's identification and management of economic, environmental, and social performance, including relevant risks and opportunities, and adherence or compliance with internationally agreed standards, codes of conduct, and principles.	Fully		Sustainability Report 2010, p. 24-26 The Board of Directors meets once a year to discuss and approve the sustainability report of the Generali Group. Any updates of both the Ethical Code and the Environmental Policy are subject to its approval.
4.10	Processes for evaluating the highest governance body's own performance, particularly with respect to economic, environmental, and social performance.	Fully		Corporate governance and share ownership report, p. 28-29
4.11	Explanation of whether and how the precautionary approach or principle is addressed by the organization.	Fully		Sustainability Report 2010, p. 3
4.12	Externally developed economic, environmental, and social charters, principles, or other initiatives to which the organization subscribes or endorses.	Fully		Sustainability Report 2010, p. 11-12 Principles, charters and other initiatives to which the Generali Group subscribes or endorses are voluntary.
4.13	Memberships in associations (such as industry associations) and/or national/international advocacy organizations.	Fully		Sustainability Report 2010, p. 12; 82-83 The Generali Group provides routine membership dues and views membership as strategic.
4.14	List of stakeholder groups engaged by the organization.	Fully		Sustainability Report 2010, p. 19
4.15	Basis for identification and selection of stakeholders with whom to engage.	Fully		Sustainability Report 2010, p. 19
4.16	Approaches to stakeholder engagement, including frequency of engagement by type and by stakeholder group.	Fully		Sustainability Report 2010, p. 19
4.17	Key topics and concerns that have been raised through stakeholder engagement, and how the organization has responded to those key topics and concerns, including through its reporting.	Fully		Sustainability Report 2010, p. 65-68; 94-97

last update on 14-03-2012 10:55