Investing for the environment

The Generali Group is a global asset manager which also takes account of the issue of environmental respect in its investment strategies.

Its responsible investment guidelines are designed to avoid shareholdings in companies that seriously damage the environment and to guarantee highly sustainable real estate assets.

Investing for the environment

Green guidelines for the real estate

Generali Real Estate (GRE) is the Group company that manages real estate assets of a value of around 28 billion euro, distributed in thirteen different markets in the world. Through the management of a portfolio of unique diversity, made up of both historic and recently-constructed buildings, GRE has developed in-depth know-how of technological innovation and sustainability.

More specifically, as part of the European project Green Building Workshop, Generali Real Estate has developed the Green Building Guidelines (GBG), which aim to improve the environmental performances of the Group’s real estate assets, ensuring they reach high levels in order to create environmentally-sustainable value.

We set ourselves two ambitious goals with this initiative: 

  1. to pre-empt the regulations in order to contain the future obsolescence of real estate;
  2. to make sure that through the whole real estate value chain (developers, managers, occupiers) efficient sustainability rules are known and implemented.

The progress made in the implementation of the guidelines is periodically monitored by referencing a series of specific indicators. The development of the project has resulted in HQE, DGNB, LEED and/or BREEAM certification for an increasing number of buildings. Two recent and significant examples are reported below.

Le BoMA

The Le BoMA complex in Suresnes, France, boasts 22,000 m2 of offices. Built in 1936, in 2013 it was completely renovated according to efficiency and energy saving criteria, obtaining HQE (Excellent) and BREEAM (Very good) certification.

The main measures taken to improve its energy performance include the installation of thermal solar panels for the production of hot water, CO2 sensors for the optimisation of the ventilation and air recycling system, a ventilation system that makes it possible to recover warmth from discharged air and plant cover on inaccessible terraces.

Fenchurch Avenue

This London complex has fifteen floors of offices and covers a total area of around 39,400 m2.

The demolition work required to reconstruct the building began in 2014 and the building will be ready in 2017. 80% of the building materials used in the project are of low environmental impact and 10% of the energy used comes from energy sources with zero or low carbon emissions.

There are also plans to install systems for the recovery of rainwater and the reuse of greywater. The building will also be equipped with parking spaces for bicycles and showers in order to encourage the use of this form of transport by employees. These measures will make it possible to obtain BREEAM (Excellent) certification.