Banca Generali joins the MIB ESG, the new ESG (Environmental, Social and Governance) index dedicated to Italian blue-chips, designed by Euronext and Borsa Italiana to identify the major listed national issuers with the best ESG practices.
The selection rewards the path taken, which for years now has placed sustainability and sustainable investment at the heart of its business model, not only with a range of products dedicated to customers, but also with good corporate governance practices that are among the factors most appreciated by investors who, not surprisingly, are placing their trust in the stock.
"We are delighted to be joining the MIB ESG from the outset. Being included among the Italian companies that pay the most attention to ESG practices is a source of great pride for us, but also an incentive to continue along this path, which for us is not a marketing factor, but a central pillar around which to develop our growth plan" commented our General Counsel and Head of Sustainability Carmelo Reale.
What is the MIB ESG Index?
The MIB ESG index combines the measurement of economic performance with ESG assessments in line with the principles of the United Nations 2030 Agenda.
The composition of the index is based on the analysis of ESG criteria by Vigeo Eiris (V.E.), a Moody's ESG Solutions company, which assesses the ESG performance of issuers.
The methodology underlying the index involves a ranking of the best 40 companies on the basis of ESG criteria, selected from the 60 most liquid Italian companies, excluding those involved in activities that are not compatible with ESG investments.
The index components are weighted according to market float capitalisation. The composition of the index will be reviewed on a quarterly basis. Revisions will allow for the inclusion of companies whose ESG performance has improved sufficiently.
Responsible Investments in support of Sustainable Development Goals
We believe that private investors may also play an active part in implementing the international sustainable development agenda by financing, through their investment choices, companies committed, for example, to reducing greenhouse gas emissions and more efficient use of resources, offering high-quality care services or products for healthy nutrition, as well as companies capable of creating an inclusive workplace oriented towards the wellbeing of their employees.
We have thus developed a proprietary platform capable of providing an in-depth analysis of the level of sustainability of individual investment products, and of calculating their impact on the individual Sustainable Development Goals (SDGs) promoted by the United Nations, determining its positive contribution in tangible terms through the use of appropriate metrics.