Generali Group Sustainability Profile
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 79% 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 22,973,029,000 kg CO2e. This includes Scope 1 emissions of about 60,502,000 kg CO2e, Scope 2 emissions of approximately 84,325,000 kg CO2e (market-based), and a significant Scope 3 total of around 22,828,202,000 kg CO2e. In 2023, the Group's emissions were about 90,366,000 kg CO2e, with Scope 1 at approximately 36,052,000 kg CO2e, Scope 2 at about 13,597,000 kg CO2e (market-based), and Scope 3 at around 40,717,000 kg CO2e. Generali has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across all scopes by 2050. The Group has also established interim targets, including a 35% reduction in Scope 1 and Scope 2 emissions by 2025 compared to a 2019 baseline. Additionally, they are committed to reducing emissions from their investment portfolio by 25% by the end of 2024. As a member of the UN-convened Net-Zero Asset Owner Alliance since 2020, Generali is focused on the decarbonisation of its investment portfolio, with a long-term goal of achieving net-zero emissions by 2050. The Group's strategy includes a gradual decrease in exposure to coal-fuelled energy, aiming for a complete phase-out in OECD countries by 2030 and globally by 2040. Overall, Generali Group's climate strategy reflects a comprehensive approach to reducing carbon emissions and addressing climate change, aligning with industry standards and scientific recommendations.
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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 | 00,000,000,000 |
How Carbon Intensive is Generali Group's Industry?
How Carbon Intensive is Generali Group's Location?
Generali Group's Scope 3 Categories Breakdown
Generali Group's Scope 3 emissions, which increased significantly last year and increased significantly since 2015, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with detailed category breakdown helping identify key emission sources across their value chain.
Top Scope 3 Categories
Generali Group's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Generali Group has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
