Performance and Reporting
Generali wants to communicate its commitment to stakeholders and report on its sustainability performance in order to guarantee the transparency of information and proper comparison over the years.
We started our reporting journey in 2004 with the publication of our first Sustainability Report. Since then, we have been publishing our performance on an annual basis and our reports have been approved by the Group’s Board of Directors.
As of 2017, the Group has presented its long-term value creation process through the Annual Integrated Report and Consolidated Financial Statement, connecting financial and sustainability disclosure and disclosing how sustainability supports the business development and results. Additional sustainability information is made available on the Group website, informing our stakeholders of our commitments, actions and performances in the social and environmental spheres, which also underline our support for the United Nations Sustainable Development Goals.
Over the years, the commitments and the results achieved by the Generali Group have improved the ratings assigned by the main agencies in the ESG (environmental, social and governance) performances and have led to the inclusion of the Group in important international sustainability indices.
Reporting Frameworks
We report in line with the principles of accuracy, balance, clarity, comparability, completeness, timeliness, reliability, verifiability and relevance.
Generali Group Sustainability Statement, included into the Annual Integrated Report and Consolidated Financial Statement, is drafted in compliance with the provisions of Legislative Decree 2024/125 which transposes Directive 2464/2022/EU (Corporate Sustainability Reporting Directive - CSRD), and prepared in accordance with the European Sustainability Reporting Standards (ESRS); as well as the provisions of Regulation EU 2020/852 (known as EU Taxonomy Regulation) and the relative Delegated Regulations. The Report is also in line with the 2024 priorities on non-financial information by European Securities and Market Authority (ESMA) and considers the TCFD recommendations.
Keeping abreast of the sustainability reporting landscape is very important for the Group. In doing so, we can ensure that we are meeting the needs of our various stakeholders and communicating effectively to all these groups. Starting from 2023, Generali maps its existing disclosures to that of SASB’s Insurance Sector Standards (Sustainability Accounting Standards Board).
