Banca Generali: Best Sustainable Private Bank Italy 2022

Banca Generali, a private bank founded 22 years ago, is leading Italy’s financial market towards more sustainable practices. The bank is responsible for €80.4bn in AUM, with ESG AUM accounting for 15 percent of managed assets. ESG considerations form the central pillar of Banca Generali’s development and growth plans. In recognition of the bank’s ongoing commitment to responsible investments, it has been promoted by the financial research and index provider, MSCI, which raised its ESG rating from BBB to A in November 2022 and also by Sustainalytics with ESG Risk Rating update to “negligible”. Banca Generali’s MSCI ESG rating has been upgraded four levels over the past five years. In October 2021, Euronext and the Borsa Italiana, where Banca Generali was listed in 2006, included the bank on the newly formed MIB ESG index, which recognises Italian blue-chip companies with exemplary ESG practices. Banca Generali has assembled a top-notch team to ensure clients’ needs and ambitions are met. Nearly half the bank’s workforce is female, and all its consultants are trained in sustainable finance. Banca Generali excludes companies that violate the UN’s Global Compact from its investment universe and pursues opportunities that can align traditional financial returns with tangible contributions towards the SDGs. It operates on a business model that creates shared value for all stakeholders centred around quality service, innovation and sustainability. In 2021, its activities generated over €1bn in global added value. The CFI.co judging panel presents repeat programme winner Banca Generali with the 2022 award for Best Sustainable Private Bank (Italy).