- Data quality, especially data coming from tenants.
- Evolving political situation and its impact on the green transition.
- Compliance with SFDR's Principal Adverse Impact (PAI) disclosure requirements.
- Achieving full alignment with EU Taxonomy criteria.
Generali Real Estate S.p.A. (GRE)
Greenhouse gas emissions & sustainability report data
In its 2024 reporting, Generali Real Estate S.p.A. (GRE) disclosed greenhouse gas emissions of 190.8K tCO2e. By scope: Scope 1: 25.6K tCO2e; Scope 2: 84.3K tCO2e; Scope 3: 80.9K tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
190.8K tCO2e
2024
Renewable Energy
85% (landlord coverage in 2023)
of total energy
📊 Emissions by Scope (2024)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 25.6K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 84.3K tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 80.9K tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- More than 30% of the portfolio is in line with the CRREM decarbonisation pathway by the end of 2023.
- 85% of green energy purchased in 2023 (landlord coverage) towards a 100% target by 2030.
- €20 billion of assets are certified by the end of 2023, with 63% having high certification levels.
- CityWave project achieved LEED Platinum and WELL Platinum certifications, reducing energy consumption by 40% and CO2 emissions by 340 tCO2e/year.
🎯 Climate & Sustainability Targets
🔜 Short-term
- At least 30% (MV) of the portfolio aligned with the CRREM decarbonisation pathway by 2025.
📅 Medium-term
- Achieve 100% green energy (landlord premises) by 2030.
- 40% reduction in final energy consumption of buildings in France by 2030 (Décret Tertiaire).
🔭 Long-term
- Decarbonise the portfolio by 2050.
🌱 ESG Focus Areas
Climate ChangeEnergy SavingsDecarbonisationClimate ResilienceAsset CertificationGreen BondsSFDR (Sustainable Finance Disclosure Regulation)EU TaxonomyDécret TertiaireCSRD (Corporate Sustainability Reporting Directive)EPBD (Energy Performance of Buildings Directive)GRESB (Global Real Estate Sustainability Benchmark)SRI (Socially Responsible Investment)Workforce Diversity & InclusionEmployee WellbeingGovernanceTenant EngagementSupply Chain Management