Earth Day 2026: Generali’s commitment to a greener and more resilient future

Every year on 22 April, Earth Day brings together institutions, companies and communities worldwide to reflect on the state of our planet and on the collective responsibility to protect it. Established in 1970, Earth Day has become the most widely recognised global event dedicated to environmental awareness, highlighting the urgent need to address climate change, resource depletion and biodiversity loss.

For Generali, Earth Day is not only a moment of reflection, but also an opportunity to reaffirm a long‑term commitment that translates sustainability into concrete actions, embedded in the Group’s long‑term strategy and business model.

This commitment is also reflected in measurable progress: by year‑end 2025 (YE25), Generali had already delivered tangible results across its climate strategy, as outlined within its Responsible Business framework.

Climate change and environmental degradation are among the most pressing challenges of our time. They affect not only ecosystems, but also economies, social cohesion and the security of communities worldwide. As these risks intensify, the need for a green and just transition becomes increasingly clear: one that reduces emissions while ensuring social inclusion, resilience and long‑term value creation.

As an international insurance and asset management group, Generali plays a unique role in supporting this transition - by acting as a responsible business and integrating sustainability into strategy, investments and operations.

In the “Lifetime Partner 27: Driving Excellence” strategy, sustainability is even more deeply rooted in Generali’s ambition to integrate sustainability into its core business, guiding decisions across insurance, investments and operations in line with international standards and global climate goals.

Within this framework, Generali focuses on two closely connected dimensions: supporting the green and just transition to a net‑zero economy, while at the same time strengthening societal resilience to climate‑related risks.

Generali’s commitment to the environment and climate is defined in its Climate Transition Plan, which outlines a clear pathway towards a net‑zero and climate‑resilient economy.

In line with its net‑zero ambition by 2050, Generali has set specific targets across investments, insurance and operations, supported by a strong commitment to increase green and sustainable investments and progressively reduce greenhouse gas emissions across its value chain.

As an asset owner, Generali aims to reduce the carbon intensity of its investment portfolio and increasing capital allocation to climate solutions. As a member of the Net-Zero Asset Owner Alliance (NZAOA), the Group is also committed to gradually decarbonizing its corporate and real estate investment portfolio, with a 60% reduction in carbon intensity by 2030 compared to 2019. By year-end 2025, Generali’s progress confirmed that the Group is well on track to meet this objective.

This approach is complemented by the limitation or exclusion of investments in issuers whose activities have a significantly negative impact on the climate – with particular focus on the coal-related and the oil and gas businesses. In parallel, Generali has committed to increasing investments in climate solutions by €12 billion over the 2025–2027 period, supporting the transition towards a low‑carbon and climate‑resilient economy. By year-end 2025, Generali had already reached € 8.7 billion in climate solutions investments, marking a strong year-on-year increase.

Through its underwriting activity, Generali works to reduce emission intensity across its insurance portfolios while expanding the offer of climate and sustainability-related insurance solutions. By year-end 2025, emission intensity had decreased by 24.4% in the motor portfolio (towards a 30% reduction target by 2030) and by 33.7% in the corporate and commercial portfolio (against a 40% target by 2030).

At the same time, the Group supports clients in managing and mitigating climate‑related risks by expanding climate insurance solutions. This includes a specific objective to increase premiums from climate insurance solutions by 8-10% CAGR. At year-end 2025, premiums from climate insurance solutions recorded a +22% increase year-on-year, confirming the growing relevance of the offerings.

Generali is committed to measuring, reducing and reporting emissions from its own direct operations, contributing to a lower environmental footprint across offices and business activities. By year‑end 2025, the Group had reduced operational emissions by 48.5% compared to 2019, reaching the target of -35% by 2025 and remaining on track to achieve a -60% reduction by 2030, confirming the Group’s steady progress along its operational decarbonisation pathway.

Progress on operational decarbonization is also supported by employee engagement through initiatives such as We SHARE, the Group employee share plan. In its latest edition, the plan directly links financial incentives to sustainability performance: employees may receive additional free shares based on both share price appreciation and the achievement of a specific climate target, namely the reduction of CO₂ emissions from Group operations.

This emissions‑linked mechanism reinforces the alignment between Generali’s climate objectives and shared value creation, making sustainability a tangible part of employee participation.

Climate change is increasing the frequency and severity of natural catastrophes (Nat‑Cat), with significant consequences for societies and economies. For Generali, enhancing societal resilience is an essential part of its sustainability commitment.

Through its core insurance role, the Group helps:

• Protect people, homes and businesses against climate‑related risks
• Promote prevention, risk awareness and adaptation measures
• Support faster recovery after extreme weather events

In a changing climate, this focus on resilience reinforces the social value of insurance and its role for communities and economies.

Generali’s sustainability strategy is translated into concrete actions across the countries in which the Group operates. In Italy, a flagship example is Act4Green, the initiative launched by Generali Country Italia to support the decarbonisation of operational emissions through large‑scale forestation projects on Italian territory. Act4Green combines the creation of new forests, the protection of biodiversity and the generation of certified carbon credits, while actively involving employees and local stakeholders.

By focusing on long‑term environmental impact and territorial value, Act4Green reflects Generali’s broader commitment to the green and just transition and to building climate resilience at local level.

Earth Day serves as a reminder that protecting the planet requires continuous commitment and collective action. At Generali, sustainability is not confined to a single day, but shapes everyday choices - across strategy, innovation and operations.

By integrating climate considerations into its role as responsible insurer, investor, employer, and corporate citizen, Generali aims to contribute to a greener, fairer and more resilient future, in line with its purpose: Empowering Lives and Dreams.