Memberships and awards

We have been ordinary members of The Italian Sustainable Investment Forum (ItaSIF) since May 2019. Founded in 2001, the Forum for Sustainable Finance is a multi-stakeholder non-profit association: its members include financial operators and other organisations interested in the environmental and social impact of their investments.

The association promotes knowledge and practice of sustainable investment to spread the integration of environmental, social and governance (ESG) criteria into financial products and processes.

We are members of ECGI as Institutional Member, the category open to individuals, institutions and enterprises.

Founded in 2002, ECGI is an international scientific non-profit association providing a forum for debate and dialogue between academics, legislators and practitioners, focusing on major corporate governance issues. Its primary role is to undertake, commission and disseminate leading research on corporate governance. Based upon impartial and objective research and the collective knowledge and wisdom of members, it can advise on the formulation of corporate governance policy and development of best practice and undertake any other activity that will improve understanding and exercise of corporate governance.

A new step towards diversity & inclusion with the signing of the Women Empowerment Principles. Women Empowerment Principles international labour and human rights principles that are based on the recognition of an interest in and responsibility for gender equality in companies.

Devised by the United Nations, the Women's Empowerment Principles (WEP) are a set of principles that offer guidance to businesses on how to promote gender equality and women's empowerment in the workplace, the marketplace and the community.

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WEPs Website

Banca Generali announces its adherence to the Principles for Responsible Investments (PRI) promoted by the United Nations, confirming the commitment made in its Strategic Plan, in line with its Vision, to aim to be the first Private Bank in terms of service value, innovation and sustainability.

The Principles for Responsible Investment (PRI) were launched in 2006 with the intention of fostering the spread of sustainable and responsible investment among institutional investors, and being part of the PRI network will allow Banca Generali to participate in a unique platform for dialogue with institutions and collaboration with industry peers.

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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.

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.

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Banca Generali opens 2023 with another prestigious recognition of the value of service: our asset management won the gold medal for "Best Asset Managers Green 2023," as well as being included in the small circle of "Best Asset Managers in Italy 2023."

The recognition comes from the German Institute of Quality and Finance, which each year analyzes investment portfolio proposals for a typical client developed by leading Italian financial players. Specifically, the team of experts asked Italian banks to develop two investment portfolios, "classic" and "sustainable," taking into consideration the current market scenario. And it was precisely in this second category that our bank excelled: its marked exposure to ESG investments, the customization of its offerings, and the quality of its fund selection made the difference.

The German Institute for Quality and Finance's assessment focused on three subcategories (Sustainability Questionnaire, ESG-Score, and Risk/Return) and gave the lion's bank a score of 95 on a scale of 0 to 100. In fact, the Institute emphasized how ESG lines co-participated together with traditional asset classes to achieve positioning above market benchmarks.

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According to the survey conducted by Institutional Investor, among 1200 analysts and institutional investors, we are first in the world of financial services where we have been awarded as:

• Most Honored Bank in the "Small & Mid caps - specialty & other Finance", a category that includes private banking, financial fintech and asset management companies from all over Europe, ahead of the German Dws and Anima;
• Top Ranked ESG Company, first place in the reporting of sustainable investments thanks to the initiatives in the platform dedicated to the ESG portfolio for customers and tailor-made reporting;
• Best CEO and Best CFO, at the top of the podium in financial services segment.

Institutional Investor is a benchmark in financial communications and the survey conducted annually by the research team rewards quality and transparency in the financial relations of listed companies with the audience of investors.

The London-based company Standard Ethics - specialized in the of sustainable finance has raised the Corporate Standard Ethics Rating (SER) to "EE+ Very Strong" from the previous "EE Strong" with a positive outlook.

ESG (Environmental, Social and Governance) reporting is aligned with European good practices with appreciable references to international sustainability strategies (references also present within other corporate documents). Banca Generali's policies appear advanced in numerous areas such as: the environmental agenda; information sharing with the market and dialogue with investors; human resource management; corporate welfare; gender equality in top management; the prevention of offenses; risk management and the control system; dematerialization and ESG finance.

The Bank appears to be aligned with most international sustainability strategies. Despite the independence of the individual companies, the policies of the Assicurazioni Generali Group appear to be consistent.

In December 2021, Sustainalytics, an ESG rating company controlled by Morningstar, updated Banca Generali's ESG Risk Rating to "negligible".

This result placed Banca Generali in 99th* place out of approximately 15,000* companies analysed globally and even first* if the analysis is reduced to the 449* financial services operators active in the Asset Management sector.

Details of rankings* (worldwide geographical scope):

• Global Universe: 99 out of 14,986
• Industry Diversified Financial: 6 out of 918
• Sub-industry Asset Management and Custody Services: 1 out of 449

*Data as of the date of publication of the ranking.

Copyright ©2021 Sustainalytics. All rights reserved.

We have received a positive evaluation from ISS - Institutional Shareholder Services on ESG (environmental, social and governance) issues.

We have been awarded a:

• Social Score of 1, in which 1 is the highest level of disclosure and 10 is the lowest;
• Governance Score of 2, on a scale in which 1 is the lowest level of risk and 10 is the highest;
• Environment Score of 2, in which 1 is the highest level of disclosure and 10 is the lowest.

The Integrated Governance Index (IGI) is a quantitative index created on the basis of a questionnaire created by EticaNews addressed to a sample of Italian companies-listed and unlisted-in order to clearly and concisely express their positioning in relation to key sustainability aspects. 

In 2022 Banca Generali resulted in the Top Performer ESG Identity, the level containing the companies that scored within the upper range of the Integrated Governance Index (IGI).

The label signals the presence of a serious path of ESG transformation and evolution of the company's identity and is intended to be an indicator of consistency, commitment and vision.

Banca Generali is the best place to work in Italy in the finance and private banking industry.

This was confirmed by independent research conducted by the German Quality and Finance Institute, which analysed the panorama of large companies in Italy to assess which are the best employers in each sector.

In its analysis, the German Institute of Quality and Finance took into consideration 27 indicators including working climate, professional development, growth prospects, sustainability and corporate values.

Through a mix of direct analysis, social listening and the use of artificial intelligence, the Institute then determined the ranking and awarded medals in the field of employee welfare, which has taken on an additional dimension and social significance with the pandemic.

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Banca Generali Private is the best financial advisor network in Italy in terms of client satisfaction.

The recognition comes from the German Quality and Finance Institute, which, through independent research conducted on end-customers, has lined up the financial advisors best able to meet the wealth planning needs of Italians.

Driving the opinion of clients, in the German Institute's research, is the broad spectrum of solutions offered and the evolved digital architecture that, especially during the pandemic, represented a strong added value in the ability to respond effectively to the needs of our clients.

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According to the analysis conducted by the German Quality and Finance Institute, Banca Generali and its Asset Managers are the "Best Asset Managers 2022".

The analysis, conducted on the investment portfolios of the country's largest financial operators, saw the Bank in first place in traditional asset management and in second place in "green" asset management, i.e. asset management with a strong sustainability matrix.

The elements that particularly allowed the Bank to obtain these awards are: the wide level of diversification, the quality of the products selected and, more generally, the approach aimed at sustainable development and inspired by the principles of social responsibility in investments.

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World Economic Magazine, the U.S. journal dedicated to international business and finance, has named us as the "Most Sustainable Private Bank" of 2022.

Driving the judging is the uniqueness of our development business model launched in early 2019, which allows our Clients' investment portfolios to be associated with the 17 SDGs of the UN 2030 Agenda.

Among the awards bestowed by World Economic Magazine (the full list is available at the website), we have also obtained that as "Best Private Bank for Diversity & Inclusion Italy 2022."