The tool for managing them: the Environmental Management System

To manage the most significant environmental issues as per the Environmental Policy, we have implemented a Group Environmental Management System (EMS) that respects the requisites of the ISO14001 standard. Around 70 Group company sites in six countries (Italy, Austria, France, Germany, Spain and Switzerland) are involved in the implementation of the EMS, and these are joined by over 350 local offices in Austria and Spain. Over time we have sought to increase the scope of the System: when first implemented it included 35.6% of the Group in terms of its workforce and 79.3% in terms of overall gross direct premiums, while today it covers 42% of our employees and 84% of premiums.

With the aim of implementing and maintaining the objectives contained in the Environmental Policy, every three years specific targets are established that the countries involved in the EMS are committed to meeting. The close of 2012 marked the end of the first three-year period (2010-2012) during which time there was a reduction in the consumption of electricity (76% of which now comes from renewable sources) and paper (over 90% of which is now environmentally-friendly) and, above all, a 12.8% reduction in greenhouse gas (GHG) emissions produced by the heating fuels consumption and by the journeys made by the corporate fleet (Scope1), or connected with electricity and district heating consumption (Scope2). These results were also possible thanks to the involvement of all of the Group employees who, through their daily actions, contribute to an effective environmental management process aimed at protecting natural resources.

In April 2013 we defined the Group objectives and targets for the 2013-2015 three-year period which, like the other social responsibility goals, were included in the Charter of Sustainability Commitments and approved by the Board of Directors of the Parent Company.

To meet the 2013-2015 objectives and targets we drafted the Group Environmental Programme, which outlines all of the initiatives that the countries included in the System have pledged to meet in the three-year period in order to contribute to achieving the Group objectives and targets.

The System is supported by a dedicated organisational structure made up of the Environmental Management System (EMS) Review Committee and the EMS Committee.

The EMS Review Committee is the executive body, made up of members of the Top Management, which reviews the System once a year and can follow this up by proposing changes to the Environmental Policy, to the Group objectives and targets, and to other elements of the EMS, in line with the goal of continuous improvement. The EMS Committee, meanwhile, is the operational body responsible for meeting the Group environmental objectives. It consists of the Group EMS representative and representatives of the EMS of the individual countries involved in the project aimed at implementing an environmental management system within the Group. The Corporate Social Responsibility unit is tasked with coordinating the Committees and drafting documentation for the System at Group level. The Group environmental organisational structure is completed by national support structures in some countries, which have purely environmental responsibilities.

In accordance with the ISO14001 standard, the correct implementation of the EMS and the specific meeting of its objectives are guaranteed by periodic internal audits, constant monitoring and an information system that produces sixmonthly reports and an annual report entitled Inventory of Greenhouse Gas (GHG) Emissions of the Generali Group which quantifies, analyses and reports the GHG emissions in a clear, detailed and transparent way.

In order to demonstrate our commitment in the environmental sphere and the truthfulness of the information published, we decided a certification body checked and validated our data on GHG emissions from Scope1 and Scope2 in accordance with the ISO14064 international standard for the quantification and reporting of emissions and their removal. The indipendent body RINA Services S.p.A. certified data on GHG emissions for 2011, 2012 and 2013. At the present time Generali is one of the few companies in Europe to have obtained certification according to this new standard.

Assicurazioni Generali S.p.A. - C.F. e P.IVA 00079760328