Sustainability Report 2012 - Generali Versicherung AG

The increase in exposure to climate change risk over thenext few years could also result in opportunities, whichhave been identified in the following three categories:1. Increased use of insurance - The confirmation ofnew behaviours, deriving from greater attention toenvironmental subjects, may require that the Groupdevelop new products, processes or innovativeapproaches, which could offer opportunities for growthand increase business efficiency.2. Development of innovative channels for thedistribution of products and/or provision ofservices to customers - The development ofdistribution channels which exploit new technologies(email, smartphones, tablets, etc.), with a view toenvironmental protection also provide opportunities to becaptured for business growth. To this end, it is importantto build and disseminate an image of the company thatis highly engaged in environmental issues, capable ofattracting customers, investors, partners (Suppliers,NGOs, institutions) and talent.3. Investments in new technologies - The constantneed to satisfy the increased demand for energy fromentire countries or companies requires increasingly largeinvestments in new, more sophisticated technologies,which, over time, could also result in significantprofitability. To this end, the Generali Group is supporting,through private equity initiatives, several companiesoperating in the renewable energy sector. Specifically,through Generali Real Estate, the Group is committedto supporting two initiatives for the generation ofenergy from renewable sources in Italy with an overallinvestment estimated at 40 million euros and a totalinstalled capacity of about 28 MW on completion of theproject, 49% of which from solar energy, 24% from windenergy and 27% from biomass.Greenhouse gas emissionsIn 2012, the Group decided to apply the standard ISO14064-1, to quantify and voluntarily report greenhousegas (GHG) emissions, to demonstrate that it deals withenvironmental subjects in general, and those concerningclimate change specifically, with a serious, transparentapproach, and to increase its credibility.Total greenhouse gas emissions (tonnes of CO 2e)40.00035.00030.00025.00020.00015.00010.0005.000030.513-7.5%28.221-1.8%4.827 4.7385.1%9.227 9.69337.15734.6664.736 4.382ITALY AUSTRIA FRANCE GERMANY SPAIN SWITZERLAND2011 2012-6.7%-7.5%TOTAL 89,939 85,082 CHANGE 2012/2011 -5.4%-2.8%3.480 3.382In 2012 total GHG emissions, comprised of carbon dioxide (CO 2), nitrous oxide (N 2O) and methane (CH 4), amounted to 85,082 tonnesof carbon dioxide equivalent (CO 2e) (-5.4% compared to 2011), obtained by converting the quantities of N 2O and CH 4emitted usingsuitable ratios. This equal approximately 1.9 tonnes of CO 2e per employee.Distribution of greenhouse gas emissions37.3■ corporate mobility%49.8■ electricityGHG emissions derive from consumption of electricity, thermalenergy (natural gas, diesel oil and district heating), and energyfrom corporate mobility, where corporate mobility refers tomileage travelled by car, train or aeroplane by employees on duty.12.9■ thermal energy136 | Assicurazioni Generali - Sustainability Report 2012