Generali Group

Generali Group, an Italian Direct Life Insurance Carrier, reported total carbon emissions of approximately 20.99 billion kg CO2e in 2025. This figure comprises 32.26 million kg CO2e from Scope 1 emissions, 4.33 million kg CO2e from market-based Scope 2 emissions (or 145.50 million kg CO2e from location-based Scope 2 emissions), and 20.72 billion kg CO2e from Scope 3 emissions.

In 2024, the company's total emissions were approximately 22.97 billion kg CO2e, including 60.50 million kg CO2e for Scope 1, 84.33 million kg CO2e for market-based Scope 2 (or 175.91 million kg CO2e for location-based Scope 2), and 22.83 billion kg CO2e for Scope 3 emissions.

Looking back to 2019, Generali Group's total emissions were approximately 139.53 million kg CO2e, with Scope 1 at 47.98 million kg CO2e, market-based Scope 2 at 21.86 million kg CO2e (or 75.17 million kg CO2e for location-based Scope 2), and Scope 3 at 65.86 million kg CO2e.

Generali Group is committed to achieving net-zero greenhouse gas (GHG) emissions across its investments by 2050, in line with limiting global temperature rise to 1.5°C. The company also aims for net-zero GHG emissions from its operations (Scope 1 and 2) by 2040.

For its operational activities, Generali Group has set a near-term target to reduce absolute Scope 1, 2, and 3 GHG emissions by 60% by 2030, compared to a 2019 baseline. Furthermore, a specific target, approved in March 2023, commits to a 35% reduction in Scope 1 and Scope 2 GHG emissions by 2025 against a 2019 baseline, relating to offices, data centres, and company car fleets. The company also has an intermediate goal to reduce the carbon footprint of its direct investments in listed equity and corporate bonds by 25% by the end of 2024, relative to a 2019 baseline.