Sustainability Report 2012 - Generali Versicherung AG

GRIINDICATORSDESCRIPTION4.2 Indicate whether the Chair of the highest governance body is also an executive officer.4.3 For organizations that have a unitary board structure, state the number and gender of members of the highestgovernance body that are independent and/or non-executive members.4.4 Mechanisms for shareholders and employees to provide recommendations or direction to the highest governancebody.4.5 Linkage between compensation for members of the highest governance body, senior managers, and executives,and the organization's performance.4.6 Processes in place for the highest governance body to ensure conflicts of interest are avoided.4.7 Process for determining the composition, qualifications, and expertise of the members of the highest governancebody and its committees, including any consideration of gender and other indicators of diversity.4.8 Internally developed statements of mission or values, codes of conduct, and principles relevant to economic,environmental, and social performance and the status of their implementation.4.9 Procedures of the highest governance body for overseeing the organization's identification and management ofeconomic, environmental, and social performance, including relevant risks and opportunities, and adherence orcompliance with internationally agreed standards, codes of conduct, and principles.4.10 Processes for evaluating the highest governance body's own performance, particularly with respect to economic,environmental, and social performance.4.11 Explanation of whether and how the precautionary approach or principle is addressed by the organization.4.12 Externally developed economic, environmental, and social charters, principles, or other initiatives to which theorganization subscribes or endorses.4.13 Memberships in associations (such as industry associations) and/or national/international advocacy organizations.4.14 List of stakeholder groups engaged by the organization.4.15 Basis for identification and selection of stakeholders with whom to engage.4.16 Approaches to stakeholder engagement, including frequency of engagement by type and by stakeholder group.4.17 Key topics and concerns that have been raised through stakeholder engagement, and how the organization hasresponded to those key topics and concerns, including through its reporting.ECONOMIC PERFORMANCE INDICATORSDisclosure on management approachOnce identified its strenghts in a very strong brand, a widespread, diversified international presence, a significant total amount ofpremiums and assets, consolidated leadership in the life segment and solid performance in the non-life one, the Generali Group hasdeveloped a strategy aiming at maximizing profitability and creating value.The Generali Group also takes special care of the climate change, considered as a source, on the one hand, of risks and, on theother, of opportunities, in conducting and developing its business. It analyses possible consequences connected with climate changeover the short, medium and long term, in order to identify the risks against which it must find suitable mitigation measures andthe opportunities for developing business and improving efficiency. Integration of climate protection prevention measures into thecorporate strategies represents a specific commitment, clearly stated in the Group Environmental Policy.As a provider of specific insurances covering losses from natural phenomena, specifically from atmospheric ones, the Groupconstantly monitors the evolution of the situation, both with regard to existing and emerging risks, using specific stochastic simulationmodels of natural phenomena, in order to ensure that its products and risk mitigation tools are always suitable to the contingentsituation.146 | Assicurazioni Generali - Sustainability Report 2012