generali sustainability report

Guidance The organization should include the following information in the email: The reporting principles are fundamental to achieving high-quality sustainability reporting. Generali Group CEO, Philippe Donnet, said: Through the acquisition of Conning and the long-term partnership with Cathay Life, we will enhance our asset management capabilities, strengthen our footprint in the key US and Asian markets, and create a platform to deliver on our broader asset management strategic ambitions in order to maximize value for all stakeholders, including Generalis insurance business. When a material topic is covered in the applicable GRI Sector Standards, the organization uses the Sector Standards to identify disclosures to report. GuidanceSee section 1 in GRI 3: Material Topics 2021 for guidance on how to determine material topics. There is no upfront cash consideration payable by Generali or GIH to Cathay Life, and the impact on the Groups Solvency II ratio is expected to be negligible. Generali Asset Management will benefit from the addition of Conning and its affiliates long-standing insurance and institutional client base in the U.S. and Asia, and will be better positioned to scale its third-party business in key markets globally by leveraging the firms combined investment capabilities and distribution strengths. The way the organization is involved with negative impacts (i.e., whether it causes or contributes to the impacts, or whether the impacts are directly linked by its business relationships) determines how the organization should address the impacts. High-quality information allows information users to make informed assessments and decisions about the organizations impacts and its contribution to sustainable development. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 5 On a FY22 basis: Chinese AM operations contributed AUM of 43 billion and an operating result of 93 million to Generali Asset Management. The Group has fully embedded sustainability into all strategic choices, with the aim to create value for all stakeholders while building a fairer and more resilient society. With 82,000 employees serving 68 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. Woody Bradford, Chief Executive Officer and Chair of the Conning Holdings Limited Board, added: This is a highly complementary business combination that presents exceptional long-term opportunities for Conning and its affiliates maintaining our firms ability to provide performance and service to our clients while extending our global investment capabilities. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. GuidanceIt is important that the reported information can be examined to establish its veracity and to determine the extent to which the reporting principles have been applied. review the GRI Sector Standard(s) that apply to its sector(s) and: report disclosures from the GRI Topic Standards for each. Universal Standards Press releases published under regulated information Results of the consent solicitations in relation to certain subordinated notes Press release (PDF - 86.15 KB) 08.06.2023 5. It does not align with the aim of reporting in accordance with the GRI Standards, which is to provide a comprehensive picture of the organizations most significant impacts. All disclosures in the GRI Standards contain requirements. Information reported using the GRI Standards can help users assess whether an organization meets the expectations set out in these instruments. In the base case, the The organization is required to determine its material topics based on its specific circumstances. Carlo Trabattoni, Generalis CEO Asset & Wealth Management, Woody Bradford, Chief Executive Officer and Chair of the Conning Holdings Limited Board. This is how we live our role as a corporate citizen, creating long-term value for our stakeholders. See Requirement 4-cin this Standard for more information. The organization is required to apply these definitions when using the GRI Standards. Conning and its affiliates will also benefit from shared best practices with Generali Asset Management as well as its operational and risk framework. In such cases, the organization provides confidentiality constraints as the reason for omission. These consequences can be operational or reputational, and therefore in many cases financial. To apply the Timeliness principle, the organization should: See section 5.1 in this Standard for information on aligning the reporting periods and publishing schedules of sustainability reporting and other types of reporting. if the organization designs information systems for its sustainability reporting, design these systems in a way that they can be examined as part of an external assurance process; be able to identify the original sources of the reported information and provide reliable evidence to support assumptions or calculations; be able to provide representation from the original sources of the reported information attesting to the accuracy of the information within acceptable margins of error; avoid including information that is not substantiated by evidence unless it is relevant for understanding the organizations. GIH is the sub-holding entity that at closing will comprise the majority of Generali Groups global asset management activities, with the exception of selected operations, namely those in China. . The organization is not required to report other disclosures from these Standards (e.g., Disclosure 202-2 Proportion of senior management hired from the local community in GRI 202), as these disclosures do not address the topic of pay equality. Sustainability is the originator of our strategy. See Requirement 6 in this Standard for more information on reasons for omission. The organization is required to review each topic described in the applicable Sector Standards and determine whether it is a material topic for the organization. Established in 1831, it is present in over 50 countries in the world, with a total premium income of 81.5 billion in 2022. (including sustainability-related disclosures), We are proactive in reducing of the environmental impact of our portfolio as well as integrating environmental, social and governance (ESG) metrics and monitoring into our business operations, We reduce the environmental footprint of our assets via actions that leverage differente factors across the overall real value chain, We promote and support a better quality of life for local communities, clients and employees, all the more so following the COVID-19 pandemic, We set up best-in-classes governance policies and processes to ensure transparency, productivity and fairness. Human rights have a particular status as an entitlement of all people under international law. Disclosures that the organization reports from other sources or that are developed by the organization itself, should have the same rigor as disclosures from the GRI Standards, and they should align with expectations set out in authoritative intergovernmental instruments. The most acute impacts the organization can have on people are those that negatively affect their human rights. For example, an organization determines freedom of speech to be a material topic. In addition, Generali and Cathay Life have also agreed to certain earn-out provisions which may become payable in cash starting from three years post-closing, conditional on the achievement of certain pre-agreed terms. Capitale economico finanziario: insieme dei fondi che un'organizzazione pu utilizzare per produrre beni o fornire servizi. The organization is not required to comply with guidance. GIH will generate the entirety of the AM result of Generali excluding the contribution of these Chinese AM5. In such a case, the statement of use in Appendix 1, which is for reporting in accordance with the GRI Standards, must be replaced by the statement of use for reporting with reference to the GRI Standards. SUSTAINABILITY REPORT 2011 - Generali . Where it is impossible to engage with all relevant stakeholders directly, the organization can engage with credible stakeholder representatives or proxy organizations (e.g., non-governmental organizations, trade unions). This compelling opportunity is fully consistent with the strategic and financial objectives of our Lifetime Partner 24: Driving Growth strategic plan, with the continued development of our asset management franchise. draw on objective information and authoritative measures on sustainable development to report information about its impacts (e.g., scientific research or consensus on the limits and demands placed on environmental resources); report information about its impacts in relation to sustainable development goals and conditions (e.g., reporting total greenhouse gas [GHG] emissions as well as reductions in GHG emissions in relation to the goals set out in the. The organization should transition to reporting in accordance with the GRI Standards in time as it will provide a comprehensive picture of the organizations most significant impacts on the economy, environment, and people, including impacts on their human rights. External assuranceIn addition to internal controls, the organization should seek external assurance for its sustainability reporting. This distinction is important in due diligence. Milan Generali announces the acquisition of Conning Holdings Limited (CHL1), a leading global asset manager for insurance and institutional clients, from Cathay Life, a subsidiary of Cathay Financial Holdings, one of the largest Asia-based financial institutions. The link to the report, if publishing a standalone sustainability report. The acquisition, which is fully aligned with Generalis Lifetime Partner 24: Driving Growth strategic plan, will reinforce Generali Asset Managements strategy to become a leading global provider of investment solutions, creating a combined platform with $ 709 billion ( 650 billion)3in AUM and adding high-quality, diversified capabilities in Fixed Income, Structured and Corporate Credit, Emerging Market Debt and Private Real Estate. . See Requirement 7 in this Standard for more information on the content index. The requirements list information that an organization must report or provide instructions that the organization must comply with to report in accordance with the GRI Standards. Additionally, the organization should explain how it manages its impacts for the topics it reports on using Disclosure 3-3 in GRI 3: Material Topics 2021. 3 Represents combined AUM for CHL and Generali AM as of 31 March 2023. Sustainability is the originator of our strategy. The GRI Standards enable an organization to publicly disclose its most significant impactson the economy, environment, and people, including impacts on their human rightsand how the organization manages these impacts. collaboration in areas such as distribution among the Generali ecosystem, alongside its senior leadership. It is therefore important for the organization to report on all the material topics that it has determined using the GRI Standards. Requirement 4: Report the disclosures in GRI 3: Material Topics 2021. A contact person in the organization and their contact details. In such cases, the organization provides information unavailable / incomplete as the reason for omission. Sustainability report 2022 28 Feb 2023. It should address actual negative impacts through remediationin cases where the organization identifies it has caused or contributed to those impacts. It includes an example that the organization can use to prepare the content index. Generali's Charter of Sustainability Commitments Our sustainability vision is that of: contributing towards the creation a healthy, resilient and sustainable society where people can develop and flourish. Not all interests are of equal importance and they do not all need to be treated equally. When the organization cannot report part of the required information it means the information is incomplete. Given the peculiarities of the buildings and construction industry, which is responsible for around 40% of global energy consumption and 39% of energy and process-related C02 emissions1, Generali Real Estate ESG guidelines focus on increasing the Environmental impact of our assets, while a series of tangible initiatives aimed at generating Socia. Reporting these additional sector disclosures is a recommendation. Defined terms are underlined in the text of the GRI Standards and linked to their definitions in the Glossary. The organization is not required to apply these methods when reporting in accordance with the GRI Standards but is encouraged to do so. See Requirement 6 in this Standard for more information on reasons for omission. The organization is required to report reasons for omission in the GRI content index. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. The impacts can be actual or potential, negative or positive, short-term or long-term, intended or unintended, and reversible or irreversible. Mar 2010. The organization is required to apply the definitions in the Glossary. The impacts on the economy, environment, and people are interrelated. Our purpose is to enable people to shape a safer and more sustainable future by caring for their lives and dreams. The acquisition, which is fully aligned with Generalis Lifetime Partner 24: Driving Growth strategic plan, will reinforce Generali Asset Managements strategy to become a leading global provider of investment solutions, creating a combined platform with $ 709 billion (. An organization should align its sustainability reporting with other statutory and regulatory reporting, in particular its financial reporting. From a sustainability perspective, GRI 3: Material Topics 2021 provides step-by-step guidance on how to determine material topics. present activities, events, and impacts for the reporting period in which they occur. For example, an organization's positive impacts on the environment can lead to negative impacts on people and their human rights. For example, an organizations impacts on the economy and environment can result in impacts on people and their human rights. All quotes delayed a minimum of 15 minutes. Assurance providers should be: Stakeholder or expert panelsThe organization can also convene a stakeholder or expert panel to seek views on its approach to sustainability reporting or for advice on the information to be reported. At the heart of Generalis strategy is its Lifetime Partner commitment to customers, achieved through innovative and personalised solutions, best-in-class customer experience and its digitalised global distribution capabilities. The annual Group Sustainability Report - available for free download at http://www.generali.com/media/media-kit - informs our stakeholders of our commitments, actions and performances in the social and environmental spheres, which also underline our support for the United Nations Sustainable Development goals. The GRI content index provides an overview of the organizations reported information, shows where the reported information can be found, and helps information users access this information. MILAN, July 3 (Reuters) - Italy's insurance regulator said on Friday it had authorized Assicurazioni Generali (GASI.MI) investor Delfin to hold a stake of over 10% in the country's biggest insurer . Information users require sufficient detail to make assessments about the organizations impacts. All information published after the effective date of a Standard must make use of that Standard. If a term is not defined in this glossary or in the complete GRI Standards Glossary, definitions that are commonly used and understood apply. Organizations use the Sector Standards according to the sectors in which they operate, and the Topic Standards according to their list of material topics. In the GRI Standards, impact refers to the effect an organization has or could have on the economy, environment, and people, including effects on their human rights, as a result of the organizations activities or business relationships. The content index also shows which GRI Standards and disclosures the organization has used. English Deutsch Franais Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Latvian Lithuanian esk Unknown 2021 New Generali Climate Strategy Sustainability as an originator for Generali Business Strategy 2022 New strategic goals up to 2024 Enhancing ESG Investments Strategy Proactive- Value Creation Delivering aPositive Impact: our 2022-2024 Strategic Goals 4 RESPONSIBLE INVESTOR Full ESG integration1by 2024

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