Fostering positive change through investments
The Generali Group
Generali leverages its role as a key global institutional investor and asset manager to apply strict ESG (Environmental, Social and Governance) criteria to the Group’s investments. This commitment started in 2006 and is designed to have a significant impact on economies in which the Group operates, allowing Generali to try to actively influence areas such as environmental protection, respect for human rights and clear and transparent governance.
GENERALI’S SUSTAINABLE GROWTH STRATEGY
At an operational level, we have drawn up principles, processes and criteria to identify, evaluate and ensure continuous monitoring of the issuers in our investment portfolio that are most exposed to ESG risks. These criteria are reviewed and updated annually, and used to assign specific scores to the investments we make. We also analyze non-financial risks that may have an impact on company share prices, engaging with companies to address them.
Today this commitment is more important than ever, as the world struggles with multiple crises – financial, social, ecological and more – even more emphasized by the Covid-19 pandemic. Acting as a lifetime partner to investors around the world, we believe our focus on socially responsible investing and the application of ESG guidelines will translate to better, more sustainable societies wherever we operate.
Generali Investments is backed by and shares this strong Group Commitment to Sustainability, a combination of ESG criteria, ethical parameters and guidelines that establish a benchmark companies in the Group aspire to meet and, wherever possible, exceed.
Generali Investments further refines application of this commitment through a vast range of conscientious SRI (Socially Responsible Investing) approaches, adopted by the boutiques united through our multi-boutique platform. Indeed, the broad range of specialized investment skills and capabilities present in each boutique are in line with the vision and commitment of the Generali Group. As per their investment approaches, each boutique maintains its autonomy to apply ESG parameters and operates within its dedicated SRI mission and framework.
Source: Generali Group, data as at December 2019
We believe that capital invested should maximize both financial and extra-financial performance. Our goal is to help our investors identify and channel capital into strategies that are compatible with and contribute to sustainable development, based on their own needs and without sacrificing profitability.
The Generali Group commitment over time
1) Applying the Group Ethical Filter is part of the discretionary evaluation of the investment manager and the results of such evaluation are confidential. 2) UN Principles for Responsible Investment. 3) UN Principles for Sustainable Insurance. 4) Task Force on Climate-related Financial Disclosure, promoted by the Financial Stability Board. 5) Generali’s “Climate Change” Strategy on: a. Green & Sustainable Investments; b. Positioning on coal-related businesses and companies and c. Engagement (coal-related businesses in countries heavily dependent on coal). *The Climate Action 100+ was launched during the COP21 to coordinate engagement and shareholder activism activities in the 100 listed companies with the highest greenhouse gas emissions in the world so that they take measures to rapidly decarbonise their activities. **Investor Leadership Network is a collaborative platform launched in 2018 under the Canadian presidency of the G7, which brings together leading global investors to accelerate financial industry actions on key sustainability and long-term growth issues, starting with the climate challenge. Generali Group is part of the ILN working group which is focused on spreading good practices for the analysis and communication of the financial risks related to climate change as part of the FSB-TCFD.