Potential offtaker

Assicurazioni Generali S.p.A.

www.generali.com

Estimated electricity consumption

N/A

Countries of production presence

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Assicurazioni Generali is a leading Italian insurance company that operates in the life insurance sector. The company was founded in 1831 in Trieste, Italy, and has since expanded its operations to over 50 countries worldwide. With a focus on sustainability and decarbonisation, Assicurazioni Generali is committed to reducing its carbon footprint and promoting renewable energy.

Decarbonisation is a key priority for Assicurazioni Generali, as the company recognises the urgent need to address climate change. The company has set ambitious targets to reduce its carbon emissions, with a goal of achieving net-zero emissions by 2050. To achieve this goal, Assicurazioni Generali is implementing a range of measures to reduce its energy consumption and increase its use of renewable energy sources.

One of the key ways in which Assicurazioni Generali is reducing its carbon footprint is through its corporate energy strategy. The company has implemented a range of energy efficiency measures across its operations, including the installation of energy-efficient lighting and heating systems, the use of renewable energy sources such as solar and wind power, and the adoption of energy-efficient technologies such as smart meters and building automation systems.

In addition to its energy efficiency measures, Assicurazioni Generali is also investing in renewable energy projects through corporate power purchase agreements (PPAs). PPAs are contracts between a company and a renewable energy provider, which allow the company to purchase renewable energy directly from the provider. This enables the company to reduce its reliance on fossil fuels and support the development of renewable energy projects.

Assicurazioni Generali has signed a number of corporate PPAs with renewable energy providers, including wind and solar power projects in Italy and Spain. These agreements enable the company to source a significant proportion of its energy from renewable sources, reducing its carbon footprint and supporting the transition to a low-carbon economy.

Assicurazioni Generali is also investing in renewable energy projects through its Green Energy Fund, which was launched in 2019. The fund invests in renewable energy projects across Europe, with a focus on wind and solar power. The fund aims to support the development of new renewable energy projects and accelerate the transition to a low-carbon economy.

In addition to its focus on decarbonisation and renewable energy, Assicurazioni Generali is committed to promoting sustainability across its operations. The company has implemented a range of sustainability initiatives, including the development of sustainable products and services, the adoption of sustainable business practices, and the promotion of sustainable investment.

Assicurazioni Generali has developed a range of sustainable insurance products, including products that promote energy efficiency and renewable energy. The company also offers insurance products that incentivise sustainable behaviour, such as car insurance policies that reward drivers for using electric or hybrid vehicles.

In addition to its sustainable products, Assicurazioni Generali is also adopting sustainable business practices across its operations. The company has implemented a range of measures to reduce its environmental impact, including the use of sustainable materials, the reduction of waste and water consumption, and the promotion of sustainable transport options.

Assicurazioni Generali is also promoting sustainable investment through its asset management division. The company has developed a range of sustainable investment products, including funds that invest in companies with strong environmental, social, and governance (ESG) credentials. The company is also a signatory to the United Nations Principles for Responsible Investment (PRI), which commits it to integrating ESG factors into its investment decision-making processes.

In conclusion, Assicurazioni Generali is a leading Italian insurance company that is committed to promoting sustainability and decarbonisation. The company is implementing a range of measures to reduce its carbon footprint, including the adoption of energy efficiency measures, the use of renewable energy sources, and the investment in renewable energy projects through corporate PPAs and its Green Energy Fund. Assicurazioni Generali is also promoting sustainability across its operations, through the development of sustainable products and services, the adoption of sustainable business practices, and the promotion of sustainable investment.

✓ Declared Net Zero commitment