Sustainability Report 2012 - Generali Versicherung AG

REPORTEDGLOBALCOMPACTPRINCIPLESCROSS-REFERENCE/DIRECT ANSWERGlobal Added Value (GAV) expresses the wealth generated by the Group's activities over the yearfor the various stakeholder categories. It is not, however, able to measure the benefits that theinvestments have on the economy and environment of reference. This indicator is calculated asthe difference between total income (88,547.4 million euros at 31 December 2012) increased/decreased by the result of discontinued operations and total expenses (86,909.6 million euros at31 December 2012) net of the cost for employees, agents and financial advisers, costs incurredfor grants and sponsorships, and interest expense. At the end of 2012 GAV amounted to12,730.7 million euros, distributed as follows:fully• -221 million euros to the Group (-1.7%)• 588 million euros to shareholders (4.6%)• 4,270.3 million euros to employees (33.5%)• 5,435.3 million euros to agents and financial advisers (42.7%)• 1,240.5 million euros to the State (9.7%)• 1,372.7 million euros to providers of credit capital (10.8%)• 44.9 million euros to the community (0.4%)The tax rate of the main countries is reported in the Management Report and ConsolidatedFinancial Statement 2012, p. 187.fully 7 SR 2012, p. 135-137fully Management Report and Consolidated Financial Statement 2012, p. 180-182fully The Generali Group did not receive any significant financial assistance from government in 2012.REPORTEDGLOBALCOMPACTPRINCIPLESCROSS-REFERENCE/DIRECT ANSWERfully 1SR 2012, p. 62fully SR 2012, p. 107-108fully 6SR 2012, p. 51fullySR 2012, p. 111-112; 114-115Initiatives result from assessments of community needs.fully SR 2012, p. 71; 87; 108; 115The proper implementation of the EMS and the specific attainment of the objectives are guaranteed by periodic monitoring of severalindicators which cover all of the most significant environmental aspects in terms of direct or indirect impact of the Group activities,i.e. electricity, water and paper consumption, waste disposal, corporate mobility, greenhouse gas emissions, products and services,procurement processes and investment activities. Data obtained feeds an internal information system which provides for a reportfor a review by the Top Management, in order to constantly assess the efficiency and effectiveness of the EMS with a view towardscontinual improvement. As to stress its interest in environmental issues, in particular in climate change one, the Group has adopted aresponsible and transparent approach and decided to meet the ISO 14064-1 standard as for measuring and volountary reporting onGHG emissions, and to have direct and indirect emissions from energy consumption certified by and external body.fully 8SR 2012, p. 128-129Materials mean paper that the Generali Group purchases from external suppliers. Informationon non-renewable and direct materials used is therefore not applicable to the financial sector.fully 8, 9 SR 2012, p. 129fully 8 SR 2012, p. 124-125fully 8SR 2012, p. 124; 126Primary energy consumed in its production is not relevant for the core business of the Group.GRI CONTENT INDEX - GRI 3.1 guidelines - GLOBAL COMPACT principles | 149