Responsible Investor

As a long-term institutional investor, Generali recognizes its responsibility in supporting the transition towards a more sustainable, resilient and inclusive economic system.

The integration of sustainability factors in the investment process has a dual role and interconnected purpose: contributing to the transformation of the real economy, while strengthening the management of climate‑ and sustainability‑related risks embedded in investment portfolios over the medium and long term.

We have defined a Group strategy on climate change included in the Generali Climate Transition Plan – with the ambition to proactively contribute to a just and orderly transition towards a net-zero and climate-resilient economy.

As a member of the Net-Zero Asset Owner Alliance (NZAOA), Generali is committed to gradually decarbonizing its investment portfolio in order to reach net-zero emissions by 2050, and set a target for a reduction of the carbon intensity of the proprietary investment portfolio (corporate and real estate) by 60% by 2030 compared to 2019.

In this context, we limit or exclude investments in issuers whose activities have a significantly negative impact on the climate – with particular focus on the coal-related and the oil and gas businesses.

Generali’s strategy emphasises positive capital allocation. The Group actively directs investments towards solutions that support decarbonisation, climate adaptation and the resilience of economic systems and communities, in line with the principles of a just transition.

Our commitment is to make cumulative climate investments solutions of € 12 billion in the period 2025-2027.