BACK TO Climate Change

The main targets and indicators

The Group defined new medium-long term targets to reduce its greenhouse gas emissions to support its path towards decarbonisation in the climate strategy adopted by the Board of Directors in June 2022.

REAL ESTATE DEVELOPMENT AND MANAGEMENT

By 2030, 46.2% reduction in the scope 1 and 2 emissions linked to electricity, gas and other energy source consumption for all the buildings that the Group controls directly including its core offices, those of the diversified companies, the headquarters of the Gruppo UNA business activities and the foreign offices, in line with climate science and especially with the intention to limit the increase in the average global temperature to 1.5°C.

INVESTMENTS

  • Thematic investments for the SDGs: goal to reach €1.3bn in total investments to support the 2030 Agenda in 2024, starting from the amount of €862.2m invested at the end of 2021.
  • Joining the Net Zero Asset Owner Alliance: undertaking to reduce the emissions of its investment portfolios to zero net emissions of greenhouse gases by 2050 and to take action to reduce greenhouse gas emissions through the engagement of the investee companies;

UNDERWRITING

New target connected to the percentage of products with social and environmental value (30% target to reach by 2024).

INDICATORS

The Group consolidated the process of analysing and monitoring its direct and indirect impacts on the environment in order to establish appropriate actions to reduce said negative impacts, along the entire chain of value, thanks in part to involving employees, business associates and suppliers. In addition to reducing the emission of climate changing gases, the Unipol Group is increasingly focused on helping to protect nature and biodiversity.

With regard to direct impacts, in addition to climate changing gas emissions related to energy consumption of the assets used for company business and the company car fleet (Scope 1 & 2 emissions), Unipol tracks and reports the impacts in terms of consumption of water resources and materials and the production of waste.

With regard to the indirect impacts, Unipol constantly undertakes to improve the measurement, reporting and reduction of its indirect emissions (Scope 3) and its impacts on the environment, considering various stakeholder categories:

  • employees (homeworking, trips and travel),
  • customers (emissions generated by customers moving with telematic devices and by UnipolRental long-term leased cars (NLT), emissions generated by customers through the use of the commercial website of UnipolSai),
  • investments;
  • suppliers;
  • agencies;
  • logistics and transport.