Sustainable investments and insurance

Sustainable insurance

In line with the Group’s objectives  and the strategic relevance that the integration of ESG factors is assuming for the financial and insurance sectors, the Insurance Division is committed both  to fostering development of internal governance, also through the introduction of ESG KPIs in its remuneration and incentive policies, and to generating a concrete and significant impact in environmental, social and transparency terms towards its customers.

Examples of this are the proposal of investment lines with ESG benchmarks in the offer of the “Il Mio Domani” (My Tomorrow) pension fund, the adoption of criteria for excluding investments in certain sectors and countries with a high ESG impact for all sub-funds in the “Fondo Pensione Fideuram” (Fideuram Pension Fund) and, for the Fideuram Millennials sub-fund, sustainable investment criteria, which aim to generate value by benefiting from the changes made by the growing role of Millennials in society.


2022 Results

72% ESG unit-linked investment options (48% in 2021)

linked to new subscriptions, excluding pension plans, classified according to Articles 8 and 9 of the Sustainable Finance Disclosure Regulation (SFDR)

100% ESG investment sub-funds of Fideuram Vita for supplementary pension plans

classified according to Articles 8 of the Sustainable Finance Disclosure Regulation (SFDR)

€33.5 bn insurance value for earthquake and/or flooding insurance cover

Net-Zero Commitment

At the end of 2021, the Intesa Sanpaolo Vita Insurance Group signed up to the international alliances Net Zero Insurance Alliance (NZIA) and Net Zero Asset Owner Alliance (NZAOA) and, as regards the latter, in October 2022 it announced its intermediate targets for 2030.

The NZIA expects  a commitment to zero emissions from the underwriting portfolio by 2050 through the definition of intermediate targets focused on the Non-Life business, while NZAOA envisages a commitment to zero emissions in the investment portfolio of the insurance group companies by 2050, through the definition of specific intermediate targets on the investment portfolio (i.e. carbon intensity), engagement with the main counterparties to develop and promote transition programmes and incentives to finance climate transition and new green technologies.