Generali Group

Generali Group, headquartered in Italy, reported estimated total emissions of approximately 20.99 billion kg CO2e in 2025. This includes about 58.72 million kg CO2e from Scope 1, 60.13 million kg CO2e from Scope 2 (market-based), and 20.87 billion kg CO2e from Scope 3 emissions. A significant portion of their Scope 3 emissions, approximately 20.72 billion kg CO2e, stems from investments.

Looking back, in 2024, their total emissions were about 22.97 billion kg CO2e, comprising around 60.50 million kg CO2e (Scope 1), 84.33 million kg CO2e (Scope 2 market-based), and 22.83 billion kg CO2e (Scope 3). In 2023, Generali Group's total emissions were approximately 90.37 million kg CO2e, with Scope 1 at about 90.37 million kg CO2e, Scope 2 market-based at around 13.60 million kg CO2e, and Scope 3 at roughly 40.72 million kg CO2e.

Generali Group has set ambitious climate commitments, aiming for net-zero greenhouse gas (GHG) emissions across all scopes by 2050, in alignment with the Paris Agreement's 1.5°C goal. They are also committed to a net-zero target for investments by 2050 and have an ambition to achieve net-zero GHG emissions for Scope 1 and Scope 2 by 2040.

For near-term targets, Generali Group aims to reduce absolute GHG emissions (Scope 1, 2, and 3 from own operations) by 60% by 2030 compared to a 2019 baseline. A specific near-term target, approved in March 2023, is to reduce GHG emissions by 35% by 2025 compared to the 2019 baseline, covering Scope 1, Scope 2, and Scope 3 operational activities (offices, data centres, and company car fleet). They also aim for a 25% reduction in GHG emissions from offices, data centres, and company car fleet by 2025 against a 2019 baseline. Furthermore, for direct investments in listed equity and corporate bonds, they have an intermediate goal of reducing the carbon footprint by 25% by the end of 2024, relative to 2019 levels. They are also targeting a 30% emission intensity reduction on their personal motor portfolio by 2030 (compared to 2021) and a 40% emission intensity reduction on their corporate and commercial portfolio by 2030 (compared to 2021). As a member of the UN-convened Net-Zero Asset Owner Alliance, Generali is dedicated to the decarbonisation of its investment portfolio.