Transparency and engagement information
Generali is fully committed to ethics and compliance with norms and regulations in its relationships with its stakeholders at large, and in all of its business activities.
The nature of the Group business requires interaction with public officials, public institutions or authorities, representatives of political parties and trade unions. As stated in the Code of Conduct, employees must refrain from offering or receiving, directly or indirectly, anything unless in connection with ordinary business activities and in line with law and common local practices. Generali has made no contribution to local, regional or national political campaigns / organizations / candidates and other spending (i.e. related to ballot measures or referendums).
Assicurazioni Generali has been recorded on the EU’s voluntary Transparency Register since 2014. By its registration, it has signed the Transparency Register Code of Conduct, in addition to be bound to the Code of Conduct of Generali Group.
Annual spending for interest representations, professional organizations and think tanks of which Generali is a member at Group level:
- 2021: € 950,000 of which € 800,000 was spent in broader advocacy activities (securing our presence in key events related to the financial services sector, enhancing our footprint at EU level and ensuring that the company’s interests are protected) and € 150,000 in trade associations and think tanks.
Top two major topics of influence in 2021 and amounts spent:
- Prudential requirements for insurers and regulations on distribution: € 55,000
- ESG engagement: € 37,200
Top three organizations – by expenditure- where Generali was a member of in 2021:
- The Geneva Association: € 74,000
- CFO Forum: € 58,400
- Bruegel: € 50,000