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.
In our strategy “Lifetime Partner 24: Driving Growth” sustainability 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 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
+€ 8.5 - 9.5
bln
+ € 5.7
bln
Fenice 190 – Investments to support sustainable recovery in Europe
€ 3.5
bln
€ 2
bln
Carbon Footprint of Investment Portfolio (EVIC)
-25%(Interim Goal)
by 2024 vs 2019
- 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
+5% -7%
CAGR 2021-24
+11.7%
€ 19,868 mln
Relationship NPS
Maintain the leadership among our European international peers
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
40%
30%
Upskilled Employees
70%
35%
Entities Working Hybrid
100%
100%
Engagement Rate
> External Market Benchmark
84%
+1 p.p. compared to 2022 market benchmark
Scope 1 + 2 + 3 absolute GHG emissions
-35 %
vs. 2019
-29.3%
98,710 tCO2e
Responsible 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
24
Countries
Active Partners for
The Human Safety Net
77
Partners