Real estate development and management
By 2030, 63%a reduction in the scope 1 and 2 emissions linked to electricity consumption, gas and other energy sources for all buildings over which the Group has direct control, in Italy and abroad, as well as the car fleet of Group employees, using the market-based methodology in accordance with the GHG Protocol, in line with climaticb science and in particular with the scenario of limiting the global average temperature increase to within 1.5°C.
The Group has also made a net zero commitment to 2050.
a. Targets are subject to market trends and geopolitical constraints
b. Target was calculated using the corporate near-term of the Science-Based Target Initiative (version 2.3) that follows a 1.5°C scenario.
Investments
As part of its membership in the Net Zero Asset Owner Alliance:
• 50% reduction a,b to 2030 in the carbon intensity (tCO2(e)/ EVIC)* of its directly managed portfolios of listed equities and publicly traded corporate bonds
• commitment to reduce the emissions of its investment portfolios to net zero greenhouse gas emissions by 2050
a. Targets are subject to market trends and geopolitical constraints
b. Portfolios of listed equities and publicly traded corporate bonds managed directly
* for the emissions reduction target defined under the NZAOA, the Carbon to Value invested (C/V) metric, which measures the amount of emissions induced by the portfolio (in tCO2eq) on the value of the portfolio (in millions of euros). The calculation uses the value of the company expressed in terms of EVIC (Enterprise Value Including Cash) as the denominator of the emissions allocation factor.
- Thematic investments for the SDGs: goal to reach €1.8bn in total investments to support the 2030 Agenda in 2027.
Underwriting
New target connected to the percentage of products with social and environmental value (40% target to reach by 2027).
a. Targets are subject to market trends and geopolitical constraints
c. Target related to both the scope “Supporting the environmental transition” and the scope “Supporting the population in responding to health and well-being needs”
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 Unipol),
- investments;
- suppliers;
- agencies;
- logistics and transport.