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, 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 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 planet and people. The strategic initiatives aim to address three topics identified as material for the Group through the double materiality assessment: climate change (both climate change mitigation and climate change adaptation), demographic changes, and workforce transformation.
In the new 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. The aim is to strengthen its position with an enhanced sustainability value proposition.
This will be supported by a range of updated 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
In the strategy Lifetime Partner 24: Driving Growth sustainability has been the originator, inspired by the ambition to be a lifetime partner. The aim has been to deliver a social, environmental and stakeholder impact for a sustainable transformation by integrating sustainability in core business and processes, including our commitment in the community.
Full integration of ESG criteria in investment activities, reduction of greenhouse gas emissions from the investment portfolio and increase of new green and sustainable investments
New Green & Sustainable
Investments 2021-2025
bln
Fenice 190 – Investments to support sustainable recovery in Europe
bln
Carbon Footprint of Investment Portfolio (EVIC)
vs 2019
89 tCO2e/€ mln
Development and promotion of insurance solutions with ESG components, reduction of 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
CAGR 2021-24
€ 25,193 mln
Relationship NPS
+ 0.9
Promoting diversity, equity and inclusion in the workplace, continuously upskilling our people, nurturing talent in all its forms, and implementing more flexible and sustainable ways of working. Measuring and reducing carbon footprint from our own direct operations
Women in Strategic Positions
+ 3.8 p.p.
Upskilled Employees
+ 16 p.p.
Entities Working Hybrid
0 p.p.
Engagement Rate
0 p.p.
Scope 1 + 2 + 3 absolute GHG emissions
vs 2019
vs 2019 baseline
75,322 tCO2e
Unlocking 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
Active Partners for
The Human Safety Net
