June 2021
Generali updates its strategy for climate protection
- € 8.5 - € 9.5 billion of new green and sustainable investments in the period 2021-2025.
- Definition of a roadmap for the complete exclusion of investments and underwriting activities in the thermal coal sector in OECD countries and in the rest of the world
- Gradual decarbonization of the direct investment portfolio to become carbon neutral by 2050
Milan – The Group’s new strategy on climate change was shared with the Assicurazioni Generali Board of Directors, chaired by Gabriele Galateri di Genola.
The strategy, which updates and extends the Group’s existing plan approved in February 2018, pledges significant action related to investment and underwriting activities, the Group's core businesses, committing to a low climate impact future.
Generali Group CEO Philippe Donnet declared: “The Generali Group today announces new ambitious targets for its climate strategy in line with its commitment and convictions in this specific area and leveraging on the results already achieved. In particular, the € 6 billion of new green and sustainable investments made over the last three years have allowed us to exceed our pre-set targets ahead of schedule. We believe that the private sector can play a key role in financially supporting the ‘Just Transition’ for a future with net-zero greenhouse gas emissions by assisting public institutions in taking the necessary actions.”
Read the full Press Release