CARBON FOOTPRINT OF GROUP FINANCIAL PORTFOLIO
In accordance with the provisions of the French Law on Energy Transition for Green Growth (Article 173), and in compliance with the recommendations of the Climate-Related Financial Disclosures (TCFD), Generali conducted a series of in-depth analyzes to measure the climate risk underlying its investments and those made on behalf of its clients.
The analysis covered the portfolios of the Group's insurance companies, totaling € 257 billion.
OUR VOICE IN THE GENERAL MEETINGS
In 2017, our presence in general meetings of the companies in which we invest in has increased by over 60% compared with 2016, demonstrating the Group’s desire to play an active role in supporting the best sustainability practices.
Considering the general meetings attended by the Generali Group in 2017, it emerged that 17.5% of the resolutions voted on regarded issues included in our materiality matrix. Among these, there are: responsible remuneration and incentives, responsible business management, climate change and natural disasters, diversity, inclusion and equal opportunities, engagement and development of communities, demographic and social change, employee engagement and promotion, responsible investments and underwriting.
In terms of the other resolutions, 78.2% regard governance issues and 4.3% other matters.
SRI Ageing Population Fund
In 2015 Generali Investments Europe launched the SRI Ageing Population Fund, a fund that considers the aging population trend and the higher longevity, combining financial returns with the ability to create value for the community.
The selection of securities is based on health care companies (treatment of age-related diseases, cancer, sight, hearing and dental problems etc.), finance companies that offer health and pension policies, and financial products, and companies active in the field of personal services, well-being and recreational activities. Furthermore, all of the companies are chosen and subsequently monitored using the rigorous ESG analysis method developed internally by Generali Investments Europe on the basis of 34 non-financial criteria, which makes it possible to identify solid companies with business models that are sustainable over time.
TERA NEVA: A SUSTAINABLE INVESTMENT BY GENERALI FRANCE
Following the Paris agreement on climate change (COP21) and the passing of a national law on the energy transition (Loi de transition énergétique), Generali France invested € 10 million in a sustainable investment product, Tera Neva, with the aim of aligning its financial goals with the goal of improving the environment.
Tera Neva is an equity-linked bond issued by the European Investment Bank designed to finance renewable energy and energy efficiency projects. The return on investment is linked with the performance of the Ethical Europe Climate Care Index, which includes 30 listed European companies selected on the basis of financial and sustainability criteria.