"More and more companies are reaching out to their suppliers
and contractors to work jointly on issues of sustainability,
environmental responsibility, ethics, and compliance."
We want to support the transition to a more sustainable economy and society and we have therefore adopted clear principles to guide our decisions:
limiting global warming and development of climate change adaptation strategies;
reduction in the consumption of natural resources;
pollution prevention and protection of biodiversity.
We put these principles into practice by monitoring and reducing our direct impacts, linked to the Group's operational activities, and indirect impacts related to our products, services and investments. We also collaborate with governments and associations to promote the development of system solutions.
In particular, we have identified the following areas of intervention, for which we have established specific indicators and targets to be achieved:
integration of environmental and climate aspects into insurance underwriting and investment strategies;
strengthening public awareness of environmental and climate risks by promoting dialogue between stakeholders;
reduction of environmental impacts generated by the Group's offices and by staff business travel;
transparency regarding our policies and reporting on the results achieved.
The Generali Group Strategy on Climate Change, approved by Assicurazioni Generali's Board of Directors on the 21st of February 2018 and updated on the 30th of June 2021, is a key reference point for the Group: it provides an overview of the decisions taken to promote a fair and socially just transition to a net-zero emission economy.
The Net-Zero Asset Owner Alliance was launched in September 2019 by the United Nations, since asset owners have a key role in driving the decarbonization of the economy through their investments. As a member of the Net-Zero Asset Owner Alliance, Generali is committed to gradually decarbonizing its investment portfolio in order to reach its carbon neutrality by 2050. Generali has set specific decarbonization targets for 2025 for the direct investments portfolio; for real estate in particular, on average the selected portfolio will be aligned with the decarbonization pathway of the CRREM model, to limit global warming to 1.5° C.
In the Generali Green Bond, assets are included, which fulfill particular high ESG criteria, like high-level certification for newly acquired buildings (i.e. LEED Gold, BREEAM Very Good or plus), energy monitoring, optimization of energy efficiency improvement >30% for retrofitting.
Some ‘green assets’ included in the Green Bond:
Generali Tower is part of CityLife, one of the most important urban redevelopment projects in Europe, a balanced mix of private and public services including a business hub, a shopping district, a residential area and Milan's third largest park.
The tower (170 meters, 44 storeys) has a sinuous shape and was designed to guarantee the highest levels of efficiency and the maximum control of energy consumption.
It has obtained the LEED ‘Platinum’ certification.
This iconic office tower, Generali Group Headquarters, stands for Innovation, Sustainability and Corporate Citizenship, which are core values for the Group.
Fen Court is in a prime location in the heart of the tower cluster of the City of London.
Its 15 storeys offer over 39,800 sqm of office and retail space, a public passageway through the building with 180 sqm digital LED ceiling to be used for public art installations, and a panoramic restaurant on the 14th floor.
The building is crowned by a public roof garden offering stunning views to the London skyline and 3 new public spaces which were created within and around the building.
Fen Court has been designed to the highest environmental sustainability requirements and has achieved the BREEAM ‘Excellent’ certification.