Generali Group

Generali Group, a Direct Life Insurance Carrier headquartered in Italy, reported a total of approximately 20.99 billion kg CO2e for the year 2025. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. Scope 3 emissions formed the vast majority, accounting for approximately 20.87 billion kg CO2e, with investments being the largest contributor within this scope.

For 2024, Generali Group's total emissions were approximately 22.97 billion kg CO2e. Similar to 2025, Scope 3 emissions dominated, at approximately 22.83 billion kg CO2e.

Generali Group has set ambitious climate commitments. The Group aims to achieve net-zero GHG emissions for its investments by 2050, aligning with the goal of limiting global temperature rise to 1.5°. Furthermore, Generali has a long-term ambition to reach net-zero GHG emissions by 2040 for its operational activities (Scope 1 and 2).

In terms of near-term targets, Generali is committed to reducing GHG emissions by 35% by 2025 compared to a 2019 baseline across all scopes (Scope 1, 2, and 3) for its operational activities. This includes emissions related to offices, data centres, and company car fleets. They are also working towards a progressive decarbonisation of their investment portfolio, aiming for an intermediate target of reducing the carbon intensity of corporate and real estate portfolios by 60% by 2030 compared to 2019 levels. Additionally, there is a plan for a gradual phase-out of exposure to the coal-fuelled energy sector, targeting complete phase-out in OECD countries by 2030 and in the rest of the world within the following ten years.