In setting the ethical criteria for responsible investment, we draw on the knowledge and skills acquired through the profession, as well as our participation in numerous initiatives and networks aimed at establishing clear guidelines and promoting the adoption of best practices.
To reinforce and publicly demonstrate our commitment in the area of ethical investment, the group has taken the following steps:
- in 2011, we signed up to the Principles for Responsible Investment (PRI), launched and supported by the UN, aimed at spreading and incorporating environmental, social and governance (ESG) factors in investment valuations, through the application of six key principles. Since 2013, Generali has been engaged in a range of disclosure activities implemented by the PRI for signatory companies, which also entails the completion of a publicly-available questionnaire.
- The group also participates in the French Forum for Sustainable Finance (FIR), the European Forum for Sustainable Finance (EUROSIF), and the Italian Forum for Sustainable Finance (FFS), all three of which are working groups bringing together the most important European players in the area of socially responsible investment.
In pursuit of similar goals, the Generali also continued its participation in the CRO Forum Sustainability Working Group, a working group established within a forum that brings together risk management experts from the leading names in European insurance in order to raise awareness, share knowledge and develop best practices in relation to sustainability challenges. In recent years, the working group has produced several blueprints on the incorporation of ESG into specific areas of the insurance business, for example in reputation risk management, country risk management, etc.