Unipol (Italy) is set to adopt the ICMIF-calibrated SDG Insurance Calculator in its next strategic plan. The calculator is pivotal for evaluating how the company’s activities align with the SDGs. Unipol is navigating the adoption and integration of the Calculator into its various activities, including responsible procurement and overall business strategy.
As a leading player in Italy’s non-life insurance market, Unipol’s main shareholders are entities within the Italian cooperative movement. The company’s commitment to sustainable development is not just a business strategy but also a reflection of its core cooperative values, focusing on areas like risk prevention and inclusive insurance.
Unipol recognises the importance of identifying focus areas for developing initiatives and strategies. The SDG Calculator helps in setting priorities and aligning them with other business opportunities. It also supports the evaluation of how the company’s initiatives and portfolio are aligned with global sustainability agendas.
Reflecting on past experiences, Unipol recognises the evolution in understanding the economic value of non-financial impacts. Previous methodologies were incomplete, and adopting the SDG Calculator represents an opportunity for Unipol to refine its approach.
Despite the rising importance of sustainability, Unipol acknowledges that emerging crises can shift focus away from SDGs. However, the company views this as an opportunity to align sustainability with overall business performance, enhancing communication and understanding between different departments.
Looking ahead, Unipol aims to use the ESG tool for strategic decision-making based on solid data. The company plans to set a baseline for tracking progress, emphasising the importance of involving technical departments and integrating sustainability data into business performance metrics.
Unipol is set to modify existing products and develop new initiatives that create SDG value. The company remains committed to reviewing scores and develop new products and services. This approach positions Unipol as a forward-thinking entity in the insurance industry, ready to align its business strategies with global sustainability goals and create a meaningful impact.
