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Generali Group, officially known as Assicurazioni Generali S.p.A., is a leading player in the direct life insurance sector, headquartered in Trieste, Italy. Founded in 1831, the company has established a strong presence across Europe and beyond, offering a diverse range of insurance products and services tailored to meet the needs of individuals and businesses alike.
With a focus on life insurance, health coverage, and asset management, Generali Group distinguishes itself through innovative solutions and a customer-centric approach. The company has achieved significant milestones, including its expansion into emerging markets and a commitment to sustainability, positioning itself as a trusted partner in the insurance industry. Recognised for its financial strength and stability, Generali Group continues to uphold its reputation as a market leader, dedicated to providing comprehensive protection and peace of mind to its clients.
87
DitchCarbon score
+34 vs industry average
Generali Group’s score of 87 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Direct Life Insurance Carriers is among the least carbon-intensive industries
Industry performance
0.080
20182025
The Direct Life Insurance Carriers industry has reduced its overall emissions by 27% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Generali Group's reported carbon emissions
Generali Group, an Italy-headquartered Direct Life Insurance Carrier, reported total carbon emissions of approximately 20.99 billion kg CO2e in 2025. This includes Scope 1 emissions of about 58.72 million kg CO2e, market-based Scope 2 emissions of approximately 60.13 million kg CO2e, and Scope 3 emissions of around 20.87 billion kg CO2e. A significant portion of Scope 3 emissions, roughly 20.72 billion kg CO2e, came from investments.
Looking back, the company's total emissions were approximately 22.97 billion kg CO2e in 2024 and 90.37 million kg CO2e in 2023. In 2019, Generali Group reported total emissions of around 135.69 million kg CO2e.
Generali Group has set ambitious climate commitments:
- Net-Zero Target: The Group aims to achieve net-zero GHG emissions for its investments by 2050, aligning with a 1.5°C global temperature rise limit. It is also committed to reaching net-zero GHG emissions from its operations (Scope 1 and 2) by 2040.
- Near-Term Reduction Targets:
- An absolute reduction target of 35% in Scope 1 and Scope 2 GHG emissions by 2025, compared to a 2019 baseline, specifically covering emissions from offices, data centres, and company car fleets.
- A 60% absolute reduction in all Scope GHG emissions by 2030, compared to a 2019 baseline.
- For its investment portfolio, the company aims for a 25% reduction in the carbon footprint of direct investments in listed equity and corporate bonds by the end of 2024, relative to 2020 levels. This target is also articulated as a 25% reduction in GHG emissions for the investment portfolio by the end of 2024 against a 2019 baseline.
- An intensity reduction target of 30% on its personal motor portfolio by 2030, compared to 2021.
- An intensity reduction target of 40% on its Corporate & Commercial portfolio by 2030, compared to 2021.
- Coal Phase-Out: The Group plans a gradual decrease in exposure to the coal-fuelled energy sector, aiming for a complete phase-out in OECD countries by 2030, and globally within the subsequent ten years.
Generali Group is a member of the UN-convened Net-Zero Asset Owner Alliance, committing to the decarbonisation of its investment portfolio. Their climate strategy includes Scope 1, 2, and 3 emissions related to operational activities.
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Generali Group’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
11 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Generali Group13 days ago
87
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