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 81% 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 contribution from Scope 3 emissions, which totalled about 96,160,000 kg CO2e. This includes emissions from business travel (9,616,000 kg CO2e), downstream leased assets (85,605,000 kg CO2e), and purchased goods and services (25,828,000 kg CO2e). In comparison, the 2023 emissions data indicated a total of about 90,366,000 kg CO2e, with Scope 1 emissions at 36,052,000 kg CO2e and Scope 2 emissions (market-based) at 13,597,000 kg CO2e. The Scope 3 emissions for that year were approximately 40,717,000 kg CO2e. Generali Group has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across all scopes by 2050. Specifically, they have 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 aim to achieve net-zero emissions for their investments by 2050, with an intermediate goal of a 25% reduction in the carbon footprint of their investment portfolio by the end of 2024. The Group's long-term strategy includes a commitment to reach net-zero GHG emissions in 2040 for Scope 1 and Scope 2, while also transitioning their insurance underwriting portfolio to net-zero emissions by 2050. These initiatives reflect Generali's dedication to addressing climate change and aligning with global temperature rise limits of 1.5°C.
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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.
