Generali awarded at the ESG Investment Leader Awards
Generali's commitment to sustainability and corporate social responsibility was recognised at the ESG Investment Leader Awards ceremony held in London on November 2nd. Organized by Clear Path Analysis with ESG Investment Leader - Europe, the initiative recognised ESG excellence in institutional investing, risk management, and operations.
The Group was awarded in the "Best Asset Owner Net Zero Strategy of the Year" and "Best Asset Owner Social Responsibility, Diversity, and Inclusion Strategy of the Year" categories.
With reference to the "Best Asset Owner Net Zero Strategy of the Year" category, the award focused on the strategies for integrating CO2 emission reduction targets into investment policies to achieve carbon neutrality by 2050. Generali's net-zero investment strategy is in line with the United Nations Principles for Responsible Investment (PRI) and is part of the Group's broader Climate Change Strategy.
With reference to the "Best Asset Owner Social Responsibility, Diversity, and Inclusion Strategy of the Year" category, the award concerned the Active Ownership initiative that the Group is conducting towards the companies in which it invests, through dialogue and the exercise of voting rights, in order to promote greater gender diversity and inclusion.
Francesco Martorana, Generali Group Chief Investment Officer, said: "This award once again demonstrates Generali's strong commitment to sustainability in its business processes. As an Institutional Investor and asset owner, our job is to incorporate sustainability criteria into the management of insurance assets for the benefit of all stakeholders: clients, shareholders, and civil society. This is both to protect our investments from sustainability risks, but also to generate investment opportunities by supporting the transition to a more sustainable economy.”
Francesco Sola, Head of Sustainable Investment and Governance, added: "We are very pleased with this double recognition, which underlines that we are on the right track. The results achieved in recent years were possible thanks to great teamwork at Group level. There are complex and challenging goals ahead of us, there is still a lot of work to do and we know where we can improve, but we are sure that we will do everything possible to achieve them.”
Sustainability is the originator of Generali's “Lifetime Partner 24: Driving Growth” strategic plan, which guides how all decisions are made. Through the integration of sustainability into its core business and processes, the Group aims to achieve a positive social, environmental and stakeholder impact, in line with its commitment to act as a Responsible Insurer, Investor, Employer, and Corporate Citizen.