Once upon a time in Generali
Today as Group Chief Investment Officer (GCIO), I am also in charge to define the responsible investment strategy in line with the Group's Sustainability Policy and thus our principles.
All of this has been possible thanks to the deep commitment that the Group and Generali People have shown by working to put sustainability into our core business. Our success can be seen in the results we are achieving with the "Lifetime Partner 24: Driving Growth" strategy, where we have several public commitments as Responsible Investor. Recently we have been awarded for the ‘Best Asset Owner Net Zero Strategy of the Year’ and the ‘Best Asset Owner Social Responsibility, Diversity, and Inclusion Strategy of the Year’ categories at the ESG Investment Leader Awards Ceremony.
The development of all our commitments is on track or above the time-period equivalent target, and the same can be said for the additional commitments on climate change.
- Full ESG integration ongoing into Asset Owner's portfolio: starting from one ESG strategy applied to two asset classes in 2019, Generali today applies negative screening and at least one ESG strategy to most of the asset classes of Asset Owner's portfolios and further developments and upgrades ongoing (e.g., negative screening for sovereign bonds).
- Green, Social and Sustainable linked bond net cumulated investment equaled €7.5 billion with a target of €8.5-9.5 billion by end of 2025.
- Total of €2.67 billion commitments undertaken on Fenice 190 out of a target of €3.5 billion by the end of 2025
- Asset Owner's portfolio decarbonization estimated reduction of 49% vs. 2019 on listed equity and corporate bonds, and 58% of the real estate portfolio aligned with 1.5° trajectory, well above the commitments taken by Generali within the Net-Zero Asset Owner Alliance.
These are the results of a sustainable transformation story that we started long ago and that is now even more responsive to the needs of a rapidly changing world. Integrating sustainability criteria into day-to-day business decisions is a must, because it has a visible impact on our profitability and risks.
The world, the market, and Generali have evolved, and that is why everyone's cooperation is needed to make our Group thrive.
Read the article in original language
Once upon a time in Generali
Ever since I joined Generali as Head of Group Asset Liability Management & Strategic Asset Allocation, I have been clear about the importance of defining a better asset allocation strategy for Generali Group.
Today as Group Chief Investment Officer (GCIO), I am also in charge to define the responsible investment strategy in line with the Group's Sustainability Policy and thus our principles.
All of this has been possible thanks to the deep commitment that the Group and Generali People have shown by working to put sustainability into our core business. Our success can be seen in the results we are achieving with the "Lifetime Partner 24: Driving Growth" strategy, where we have several public commitments as Responsible Investor. Recently we have been awarded for the ‘Best Asset Owner Net Zero Strategy of the Year’ and the ‘Best Asset Owner Social Responsibility, Diversity, and Inclusion Strategy of the Year’ categories at the ESG Investment Leader Awards Ceremony.
The development of all our commitments is on track or above the time-period equivalent target, and the same can be said for the additional commitments on climate change.
- Full ESG integration ongoing into Asset Owner's portfolio: starting from one ESG strategy applied to two asset classes in 2019, Generali today applies negative screening and at least one ESG strategy to most of the asset classes of Asset Owner's portfolios and further developments and upgrades ongoing (e.g., negative screening for sovereign bonds).
- Green, Social and Sustainable linked bond net cumulated investment equaled €7.5 billion with a target of €8.5-9.5 billion by end of 2025.
- Total of €2.67 billion commitments undertaken on Fenice 190 out of a target of €3.5 billion by the end of 2025
- Asset Owner's portfolio decarbonization estimated reduction of 49% vs. 2019 on listed equity and corporate bonds, and 58% of the real estate portfolio aligned with 1.5° trajectory, well above the commitments taken by Generali within the Net-Zero Asset Owner Alliance.
These are the results of a sustainable transformation story that we started long ago and that is now even more responsive to the needs of a rapidly changing world. Integrating sustainability criteria into day-to-day business decisions is a must, because it has a visible impact on our profitability and risks.
The world, the market, and Generali have evolved, and that is why everyone's cooperation is needed to make our Group thrive.