Generali Group
Generali Group, officially known as Assicurazioni Generali S.p.A., is a leading global insurance and asset management company headquartered in Trieste, Italy. Founded in 1831, Generali has established a strong presence across Europe, Asia, and the Americas, making it one of the largest insurers in the world. The company operates primarily in the insurance sector, offering a diverse range of products including life, health, and property insurance, as well as investment solutions. Generali is renowned for its customer-centric approach and innovative services, which set it apart in a competitive market. With a commitment to sustainability and social responsibility, Generali has achieved numerous accolades, reinforcing its position as a trusted provider in the insurance industry. Its rich history and strategic growth initiatives continue to drive its success on a global scale.
DitchCarbon Score
How does Generali Group's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Generali Group's score of 64 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Generali Group's reported carbon emissions
In 2024, Generali Group reported total carbon emissions of approximately 60,502,000 kg CO2e from Scope 1, 84,325,000 kg CO2e from Scope 2 (market-based), and significant contributions from Scope 3 emissions, including 9,616,000 kg CO2e from business travel and 85,605,000 kg CO2e from downstream leased assets. This reflects a total of about 90,366,000 kg CO2e in 2023, indicating a need for ongoing emissions management. Generali has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across all scopes by 2050. Specifically, the Group targets a 35% reduction in Scope 1 and Scope 2 emissions by 2025, using 2019 as a baseline. Additionally, they plan to achieve net-zero emissions for their investments by 2050, with an interim goal of a 25% reduction in the carbon footprint of their investment portfolio by the end of 2024. The Group's long-term strategy includes a commitment to decarbonise its insurance underwriting portfolio by 2050, aligning with the Science Based Targets Initiative (SBTi) standards. Generali's efforts are part of a broader industry trend towards sustainability, reflecting a growing recognition of the importance of climate action in the financial sector.
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| 2015 | 2016 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 21,581,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 55,955,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 42,516,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Generali Group is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
