Generali Group
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 82% 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 60,502,000 kg CO2e from Scope 1, 84,325,000 kg CO2e from Scope 2 (market-based), and a significant 96,160,000 kg CO2e from Scope 3 emissions. This reflects a total emission footprint of about 241,987,000 kg CO2e for the year. In comparison, the previous year, 2023, saw total emissions of approximately 90,366,000 kg CO2e, with Scope 1 emissions at 36,052,000 kg CO2e, Scope 2 at 13,597,000 kg CO2e (market-based), and Scope 3 at 40,717,000 kg CO2e. Generali has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across all scopes by 2050. Specifically, the Group has established a near-term target to reduce Scope 1 and Scope 2 emissions by 35% by 2025, using 2019 as the baseline year. Additionally, they are committed to a 25% reduction in the carbon footprint of their investment portfolio by the end of 2024. The Group's long-term goals include achieving net-zero emissions for its investments by 2050 and transitioning its insurance underwriting portfolio to net-zero GHG emissions by the same year. These commitments are part of Generali's broader strategy to align with the Science Based Targets Initiative (SBTi) and contribute to limiting global temperature rise to 1.5°C. Overall, Generali Group's emissions data and climate commitments reflect a proactive approach to sustainability and carbon reduction, positioning the company as a responsible leader in the insurance sector.
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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 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Generali Group is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
