Generali SpA

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Strategy and objectives

We are fully aware of how important protecting the social and environmental systems where our group companies are rooted is to achieving our goals of economic value creation over time. Accordingly, we intend to actively contribute to the progress of the society we are part of, continuing to operate with a long-term vision, and upholding our commitments and responsibilities both to the community and to future generations.

This approach is also reflected in the Annual Integrated Report, which provides an overview of the value creation process, not only focusing on financial performance, but also providing an explanation of how our main stakeholders contribute to the business, in their dual role as key players and beneficiaries of group operations.

We want to be drivers of change-oriented social and environmental sustainability, above all by performing our role as responsible insurers and institutional investors. We also know that we can influence the behaviour of our stakeholders, by adopting appropriate measures and involving them in the virtuous process we want to create.

Our sustainability strategy is established on the basis of the Group’s key development priorities, which it is designed to support, and the principles set out in our Code of Conduct, whose full implementation it is required to ensure. The strategy also takes into account the needs and expectations of our key stakeholders, who play an important role in the ongoing success of the company.

Our strategy is outlined in the Charter of sustainability commitments, which was published for the first time in 2013. This document is fundamental to the management of key social, environmental and governance concerns. It also identifies areas of action we intend to focus on in the coming years, to help us achieve our business objectives and create value for our various stakeholders.

On 1 April 2015, the Board of Directors approved the new Charter of sustainability commitments, recently updated to bring it into line with the materiality matrix, which identifies the most relevant issues for both the Group and its stakeholders. This document sets out the path of improvement we are committed to following in the coming years, identifying six areas of action that incorporate the themes included in the materiality matrix.