The Group believes that true economic prosperity is built on socially just and environmentally sound foundations. Therefore, Generali believes that sustainability is a necessary strategic way to approach business. It all stems from our purpose, “Empowering 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 our people, suppliers, the environment, local communities, and society as a whole.
In the 2025-2027 strategic plan Lifetime Partner 27: Driving Excellence, sustainability aims to be a driver for the profitable growth of the Group, considering the positive and negative impacts it can have on the people and planet. The strategic initiatives aim to address three strategic tropics identified through the double materiality assessment: climate change (both climate change mitigation and climate change adaptation), demographic changes, and workforce transformation.
In the strategy Lifetime Partner 27: Driving Excellence, sustainability is even more rooted in Generali’s goal of integrating sustainability into its core business and operations, continuing to act as a responsible insurer, investor, employer and corporate citizen.
Generali has set a range of targets focused on the green and just transition, as well as societal resilience, also leveraging The Human Safety Net’s expertise to assist most vulnerable communities.
1 Target refers to motor portfolio and is defined as YE30 vs. YE21 reduction, measured by carbon intensity weighted on GWP, includes motor underwriting private portfolios of Italy, Germany, France, Switzerland, Austria, Czech Republic, Hungary, Slovenia, Poland, Spain, and Portugal. GC&C portfolio target is -40% by YE30 vs. YE21, for corporate clients with public emissions. Subject to market environment and constraints
2 Target for investments includes listed equity, corporate bonds, and real estate within the general account portfolio and it is defined as YE29 vs. YE19. For listed equity and corporate bonds, the reduction is measured by carbon intensity weighted on € Mn invested, for real estate by carbon intensity per square meter. Subject to market environment and constraints
3 Target includes scope 1, 2, and 3 emissions, defined as YE30 vs. YE19, it is calculated in absolute GHG emissions. Net-zero target for own operations is anticipated to 2035. Subject to market environment and constraints
4 Target covers a broad range of asset classes, both direct investments and funds, and includes bonds, corporate, government infrastructure debt-equity, and real estate. Subject to market environment and constraints. It is measured as 2025-2027 cumulated net new investments
5 2024-2027 GWP CAGR for direct premiums (GDWP). Target includes car coverages for green mobility, energy efficiency and renewable energy business. Subject to market environment and constraints
6 2024-2027 New Business Premium CAGR. For annual Health & Accident premiums the metric is GWP. Target includes life protection, health and pension premium for category of customers internally identified as more exposed to the gap: women, young/elderly people, families, and migrants/refugees
Carbon intensity of corporate investment portfolio (EVIC)
vs 2019
vs 2019
(73 tCO2e/€ mln)
Carbon intensity of GRE real estate portfolio
vs 2019
vs 2019
(23.9 KgCO2e/m2)
Net new investments in climate solutions
bln
vs 2024
Emission intensity of personal motor insurance portfolio
vs 2021
vs 2021
(0.26 ktCO2e/€ mln)
Emission intensity of Global Corporate & Commercial insurance portfolio
vs 2021
vs 2021
(0.18 ktCO2e/€ mln)
Gross direct written premiums from climate insurance solutions
CAGR 2024-2027
vs 2024
(€ 2,223 mln)
NBP for pension, life and health protection insurance solutions for underserved customers
CAGR 2024-2027
vs 2024
(€ 3,517 mln)
Engagement Rate
+ 2 p.p. vs 2024
Upskilling index
GHG emissions from Group operations
vs 2019
vs 2019
(77,036 tCO2e)
Active Countries for The Human Safety Net
Beneficiaries reached from
The Human Safety Net
+50.6% vs 2024
