Reg. EU 2019/2088

  • Generali pursues a long-term growth strategy, integrating sustainability into its core business and acting as a Permanent Partner to all stakeholders.
  • Sustainability commitments form a pillar of Generali's business priorities and are fully embedded in the Group's compensation and incentive policy, closely linked to long-term sustainable value creation.
  • The incentive system for Group Executives is based on a merit-focused approach and a multi-year framework, with a combination of variable cash compensation and deferred compensation based on actions that integrate strategic sustainability/ESG* objectives based on Generali's 2021 and climate strategy targets and already disclosed to the market:
    • A minimum of 20% of annual cash compensation of senior executives is linked to ESG* objectives and KPIs targeting specific perspectives: People (e.g. Diversity and Inclusion Index), Brand and Permanent Collaborators (e.g. Relationship Net Promoter Score) and Sustainability (e.g. % growth in sustainable and environmentally friendly investment; % growth in social and environmentally friendly projects, development of social communities through the Human Safety Net);
    • Deferred variable stock-based compensation reinforces the link to long-term sustainable value creation.
  • The Group's compensation policy takes into consideration the integration of sustainability risks in decision-making processes, and integrates specific references to the Group's internal regulations governing sustainability risks in investment decisions.
  • Continuous improvement of the link between sustainability and compensation represents a primary objective of the Group.

* ESG: Environmental Corporate Responsibility