our commitment to the environment and climate
We want to play an active role in supporting the transition towards a more sustainable economy and society. We will continue to monitor and reduce our direct and indirect impacts through our products, services and investments, dialoguing and collaborating with Governments and associations, in line with the declarations in our Group Policy for the Environment and Climate.
For years we have managed our environmental impact, a commitment reiterated on the occasion of the 21st Conference of the Parties (COP21) by the United Nations on climate change held in Paris in December 2015.
We feel obliged to act on various fronts: we are committed to reducing our direct impact in an optimal manner. Furthermore, using suitable measures we can encourage the adoption of environmentally sustainable behaviour in our spheres of influence, particularly those of our clients and the companies in which we invest, in order to reduce the indirect impact of our activities.
In this regard, the Board of Directors of Assicurazioni Generali approved on February 21st 2018 the strategy on climate change that includes specific actions in investments and underwriting and identifies the dialogue and involvement of our stakeholders as the tool to facilitate the transition towards a society with a low environmental impact.
For further information read the press release on the strategy on climate change.
- Reduce our greenhouse gas emissions by 20% by 2020 (base year 2013)
Supporting the ‘green’ business:
- Increasing investment in green sectors by 3.5 billion euros by 2020
- Increasing the percentage of the premium portfolio related to the renewable energy sector
- Increasing the offer of products with environmental value for the retail market and SMEs
Define our positioning in coal-related activities:
- Not making any new investments in businesses associated with the coal sector
- Disposing of equity investments and gradually eliminating bond investments with reference to the current exposure to the coal sector, amounting to approximately 2 billion euros
- Continue the policy of minimal insurance exposure to coal-related activities
- To promote dialogue and involvement of issuers, clients and other stakeholders monitoring their plans to reduce the environmental impacts, the planned measures of protection of the community and citizens, the strategy to transition to activities with low environmental impact.