Generali Group

Generali Group's reported carbon emissions

Generali Group, headquartered in Italy and operating in the Direct Life Insurance Carriers industry, has demonstrated a commitment to reducing its greenhouse gas (GHG) emissions. For the reporting year 2025, the Group reported total emissions of approximately 20.99 billion kg CO2e. This figure is comprised of approximately 58.72 million kg CO2e for Scope 1 emissions, and approximately 60.13 million kg CO2e for Scope 2 (market-based) emissions. Scope 3 emissions accounted for the vast majority, totalling approximately 20.87 billion kg CO2e, with investments representing the largest portion at approximately 20.72 billion kg CO2e. Looking back, Generali Group reported total emissions of approximately 22.97 billion kg CO2e for 2024. Scope 1 emissions were approximately 60.50 million kg CO2e, and Scope 2 (market-based) emissions were approximately 84.33 million kg CO2e. Scope 3 emissions for 2024 were approximately 22.83 billion kg CO2e, with investments being the largest contributor at approximately 22.68 billion kg CO2e. Generali Group has set ambitious climate targets. Their long-term ambition is to reach net-zero GHG emissions by 2050 for their investments and to limit global temperature rise to 1.5°. They also aim for net-zero GHG emissions across all scopes by 2040. In the near term, Generali Group has committed to a 35% reduction in GHG emissions by 2025, using 2019 as a baseline. This target applies to Scope 1, 2, and 3 emissions related to operational activities. They are also working towards an intermediate goal of a 25% reduction in the carbon footprint of their direct investments in listed equity and corporate bonds by the end of 2024. Furthermore, Generali aims to progressively reduce its exposure to the coal-fuelled energy sector, with a complete phase-out planned for OECD countries by 2030 and for the rest of the world within the following decade.