Responsible Business

At Generali we believe sustainability is a necessary strategic way to approach business and not just a nice-to-have.

It all stems from our purpose, to “enable people to shape a safer and more sustainable future by caring for their lives and dreams”.

It is about creating long-lasting value shared among a wide array of stakeholders: not only shareholders, investors and clients, but also employees, suppliers, the environment, local communities, and society as a whole.

Responsible Business

 

In our strategyLifetime Partner 24: Driving Growthsustainability is the originator, inspired by our ambition to be a lifetime partner. Being the originator of the new strategy means for Sustainability to be a game changer, shaping the way all the decisions are taken leading Generali to be a transformative, generative and impact driven company, able to create shared-value.

Our aim is to deliver a social, environmental and stakeholder impact for a sustainable transformation by integrating even more sustainability in core business and processes, including our commitment in the community as an integral part of the overall strategic positioning. Therefore, Generali identifies four responsible roles to play as investor, insurer, employer and corporate citizen.

Social, environmental and stakeholder impact for a sustainable transformation

Responsible Investor

We aim at fully integrating ESG criteria into the investment activities, reducing greenhouse gas emissions from the investment portfolio, and increasing our new green and sustainable investments.

New Green & Sustainable
Investments 2021-2025

GOAL BY 2025

+€ 8.5 - 9.5

bln

PERFORMANCE 2021 - 2022

+ € 5.7

bln

Fenice 190 – Investments to support sustainable recovery in Europe

GOAL BY 2025

€ 3.5

bln

PERFORMANCE 2022

€ 2

bln

Carbon Footprint of Investment Portfolio (EVIC)

GOAL BY 2024

-25%(Interim Goal)

by 2024 vs 2019

PERFORMANCE 2022

- 45.1%

100 tCO2e/€ mln

Responsible Insurer

We provide insurance solutions with ESG components, reduce greenhouse gas emissions from the underwriting portfolio, and support the sustainable transition of small and medium-sized enterprises (SMEs).

Premiums from insurance solutions with ESG components

GOAL BY 2024

+5% -7%

CAGR 2021-24

PERFORMANCE 2022

+11.7%

€ 19,868 mln

Relationship NPS

GOAL

Maintain the leadership among our European international peers

PERFORMANCE 2022

18.2

+4%

Responsible Employer

We carry out dedicated actions to foster and promote diversity, equity, and inclusion in our work environment, continuously upskilling our people, nurturing talent in all its forms, and implementing more flexible and sustainable ways of working. We commit to measuring, reducing, and reporting the carbon footprint resulting from its own direct operations.

Women in Strategic Positions

GOAL BY 2024

40%

PERFORMANCE 2022

30%

Upskilled Employees

GOAL BY 2024

70%

PERFORMANCE 2022

35%

Entities Working Hybrid

GOAL BY 2024

100%

PERFORMANCE 2022

100%

Engagement Rate

GOAL BY 2024

> External Market Benchmark

PERFORMANCE 2022

84%

+1 p.p. compared to 2022 market benchmark

Scope 1 + 2 + 3 absolute GHG emissions

GOAL BY 2025

-35 %

vs. 2019

PERFORMANCE 2022

-29.3%

98,710 tCO2e

Responsible Corporate Citizen

We act to unlock the potential of people living in vulnerable circumstances through the global initiatives of The Human Safety Net Foundation.

Active Countries for The Human Safety Net

PERFORMANCE 2022

24

Countries

Active Partners for
The Human Safety Net

PERFORMANCE 2022

77

Partners