Generali Group promotes commitment to climate protection, eliminating investments and insurance services for industries that increase carbon emissions

This Strategy has updated and supplemented the Group's previous Strategy, approved in February 2, committing to implementing important solutions related to investment and insurance activities, two areas the Group's focus areas, while aiming to build a future less affected by climate change.

Generali Group General Director, Mr. Philippe Donnet, announced that Generali Group announced new ambitious goals for its climate strategy, applying and promoting achievements, demonstrating its commitment and the group's strong confidence in this field. Specifically, 6 billion euros have been spent on green and sustainable investments over the past three years, allowing the Group to surpass the goals set ahead of schedule.

The new targets are 8,5 – 9,5 billion euros to be spent on green and sustainable investments in the period 2021 – 2025. This target is in line with the investment target of 4,5 billion euros in the period 2019 - 2021 period and was completed by Generali one year before the set deadline, reaching the milestone of 6 billion Euro by the end of 2020. Strengthening exclusion criteria to limit investment in the coal industry, gradually eliminating and towards completely ending investments in this field.

The new strategy aims to eliminate investments in businesses issuing securities in the coal-fired power sector in OECD member countries by 2030, and worldwide by 2040. Gradually eliminate the categories Direct investments are associated with increased carbon emissions and aim to be carbon neutral by 2050.

Generali's immediate goal in 2025 is to cut 25% of the carbon emissions of its investment portfolio (corporate bonds, listed stocks) and adjust its real estate portfolio to the 1,5°C roadmap. .

In addition, this group also limits activities related to the coal-fired power sector, aiming to completely cut it by 2030 in OECD member countries, and worldwide by 2038. Continue to promote Promote a commitment not to provide insurance services for oil and gas exploration and exploitation activities, including insurance services for risks related to fossil fuel exploitation activities from oil sands and shale. , or in the Arctic region, both on land and at sea.

According to Securities Investment newspaper