Remuneration

• Europ Assistance is part of the Generali Group.
  
  

• Generali pursues long-term growth, integrating sustainability into the core business and acting as Lifetime Partner to the stakeholders.
  
  

• The sustainability commitments are a pillar of Generali business priorities, fully embedded in the Group remuneration policy and incentives system linked to long term sustainable value creation.
  
  

• The Group Executives incentives system is based on a meritocratic approach and a multi-year framework, with a combination of annual cash variable remuneration and deferred share based variable remuneration, integrating sustainability/ESG* strategic objectives based on Generali’s 2021 and climate strategy goals, already disclosed to the market:
  
  
• at least 20% of top managers annual cash variable remuneration is linked to ESG* goals & KPIs related to specific perspectives: People (eg. Diversity & Inclusion index), Brand & Lifetime Partners (eg. relationship Net Promoter Score) and Sustainability (eg. % green and sustainable investments growth; % green and social products growth, social community development through The Human Safety Net);
• the deferred share based variable remuneration strengthen the link with long term sustainable value creation.

• The Group remuneration policy considers the integration of sustainability risks in the investment decision-making processes, containing also specific references to Group internal regulations governing sustainability risks within investment decisions.
  
  

• The continuous improvement of the link between sustainability and remuneration is a primary goal of our Group.
  
  

* ESG: Environmental Social Governance

Read more on countries’ sites:

• United States (Generali Global Assistance)
• France (Europ Assistance France)
• Italy (Europ Assistance Italia)
• Spain (Europ Assistance, S.A. Sucursal en España)