Networking and Commitments
In setting the ethical criteria for sustainable 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 sustainable investment, the Group:
- signed up in 2011 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. 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;
- 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;
- is an active member of the Investor Leadership Network (ILN), a collaborative platform launched in 2018 under the Canadian presidency of the G7, which brings together leading global investors to accelerate financial industry actions on key sustainability and long-term growth issues, starting with the climate challenge. The CEO-led group is composed of 13 global institutional investors representative of six countries, with over US$ 9 trillion in assets under management;
- joined the United Nations-convened Net-Zero Asset Owner Alliance, a group of 70 institutional investors, representing over $ 10.4 trillion, committed to decarbonize their portfolios to net-zero emissions by 2050 to avoid a global temperature increase above the 1.5°C Paris target.