Ethical Business and Investment

Generali pulls €2 billion out of coal and pledges €3.5 billion for green investment

David Adams 22/02/2018

Insurance giant Generali Group has approved a new climate change strategy that will involve divesting €2 billion from coal and investing €3.5 billion in green investments, mainly through green bonds and green infrastructures, by 2020. It will also increase the percentage of its premium portfolio related to the renewable energy sector and extend its range of retail and SME products offering environmental value, such as those covering sustainable transport and energy efficiency.

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