In setting the ethical criteria for responsible investment, we draw on the knowledge and skills acquired through the profession, as well as our participation in numerous initiatives and networks aimed at establishing clear guidelines and promoting the adoption of best practices.
To reinforce and publicly demonstrate our commitment in the area of ethical investment, the Group has taken the following steps:
- Generali Group joined the United Nations-convened Net-Zero Asset Owner Alliance, committed to decarbonize their portfolios to net-zero emissions by 2050 to avoid a global temperature increase above the 1.5°C Paris target;
- in 2011, we signed up to the Principles for Responsible Investment (PRI), launched and supported by the UN, aimed at spreading and incorporating environmental, social and governance (ESG) factors in investment valuations, through the application of six key principles. Generali has been engaged in a range of disclosure activities implemented by the PRI for signatory companies, which also entails the completion of a publicly-available questionnaire;
- the Group also participates in the French Forum for Sustainable Finance (FIR), the European Forum for Sustainable Finance (EUROSIF), and the Italian Forum for Sustainable Finance (FFS), all three of which are working groups bringing together the most important European players in the area of socially responsible investment.