Socially responsible investment products

In order to meet the increasing demands of customers and the international market, Generali has, for a few years now, been offering investment products that meet Socially Responsible Investment (SRI) criteria.

For the selection of socially responsible investments, a proprietary methodology has been developed - the same that is used to apply ethical guidelines to all Group investments. For each company analysed, this methodology provides:

  • analysis of 34 environmental, social and governance (ESG) criteria, reviewed and updated annually, with the allocation of scores;
  • the mapping of non-financial risks that may have an impact on the price of company shares (e.g. reputational risk and damage to brand image, class action, legislative pressure, competitive advantage, intangible capital and carbon footprint) and the way in which they are regarded by corporate policies;
  • the comparison of previous analysis results with the benchmark SRI universe, consisting of more than 200 European companies, resulting in the selection of the most virtuous companies;
  • integration of financial criteria for the final selection of the companies identified.

A team of five analysts, supported by a scientific committee, then selects the best companies with regard to corporate social responsibility and sustainable development policies, also by means of a process of dialogue aimed at improving the performance of the companies considered, as appropriate.

This approach led to the creation of an internal database, called S.A.R.A. (Sustainability Analysis of Responsible Asset), through which dedicated funds have been established, including the fund under Luxembourg law - Generali Investments SICAV SARA SRI.

Also of note is the range of savings products, AIR (Agir pour l'Investissement Responsable), developed in collaboration with Generali Patrimoine on the basis of a selection of six thematic, long-term funds, selected following a rigorous and transparent assessment process which also considered non-financial risks.

Currently, the value of Generali's SRI investments is about 6.3 billion euros, managed by Group companies in France, Italy, Austria and Switzerland.