Generali CEO pledges €3bn investment in sustainable and green bonds

Italian insurer  Generali Group has committed to investing €3 billion in sustainable and green bonds by the end of 2022.

The company's chief executive officer Philippe Donnet (pictured) announced the initiative at the European Commission's EU Sustainable Investment Summit.

"This commitment is in line with the goal, envisaged in the new Generali Group strategy for climate protection, to make €8.5 - €9.5 billion of new green and sustainable investments in the period 2021-2025," he said.

Donnet also stressed the importance of public-private partnerships to address important global risks, such as terrorism, cyber risks, climate change and pandemics.

"The solutions to face these issues can only be based on cooperation at all levels, in particular public-private partnerships. As insurers, we strongly believe in this type of collaboration," said Donnet.

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