Unipol has always paid close attention to the issue of environmental protection and fight against climate change.
In 2015, in response to the Green Paper of the European Commission on the insurance of natural and man-made disasters published in 2013, Unipol published the position paper "Unipol for the Climate", in which the Group proposed a model for the prevention and management of natural disasters based on collaboration between the public and private sectors, adopting mutual insurance procedures to manage the growing risks deriving from climate change and to cope with large insurance claims. In addition to making any expenses related to catastrophic events more sustainable for the State treasury, this system encourages the citizens and the businesses virtuous behaviour in protection, prevention and adaptation. However, this commitment requires a central public role to create the conditions for the development of an insurance market, without which mutual insurance systems cannot function nor can economic sustainability be guaranteed for the players involved.
Unipol is therefore fully aware of the role that insurance can play in facing the consequences of climate change and facilitating the transition to a low-carbon economy through the development of guarantees and investment products that promote mitigation and adaptation. Referring to the Recommendations issued by the Task Force on Climate-Related Financial Disclosures (TCFD), Unipol is consolidating its financial reporting process in connection with the climate.
In line with the Groups' commitment to supporting the transition to a low-carbon economy and society through its strategic choices and business processes, the Unipol Group has joined the primary international initiatives for the fight against climate change: