25 May 2021

Banca Generali with the Bicocca University and AIFI: a new Study Centre dedicated to sustainable finance

Create a scientific centre for the development and strengthening of university research in the field of green finance, sustainable and responsible investments (SRI) and activities based on ESG factors (Environmental, social, governance).

This is the goal of the "O-Fire" Observatory ("Impact finance and its economic implications"), born from our partnership with the Bicocca University of Milan and AIFI, the Italian association of private equity, venture capital and private debt.

The agreement will be valid for three years and will see Giovanna Iannantuoni, director of the Bicocca-Milano University as President of the Observatory.

The research programs will have as object of study:

• Private Banking and the different offers (Italian and international ESG funds distributed in Italy)
• Illiquid private equity and private debt ESG instruments 

In addition to outlining the characteristics and main trends, also in correlation with the European market, of these instruments, the Observatory will analyze their ability to finance Environmental, social and governance activities, creating long-term value for investors.

“O-Fire” will investigate the current and potential contribution of “green” investments to the achievement of the climate goals.

Furthermore, It will be developed a sector index and analysis (ESG Index), a tool capable of determining the overall market trend. An indicator that will be shared with the national and international financial community.

Our Deputy General Manager Andrea Ragaini commented: "Sustainability has always played a crucial role in Banca Generali, so much so that we were the first in Europe to launch a consulting platform that starts from the table of 17 SDGs promoted by United Nations and allows customers to select those and to build a portfolio based on the prevailing contribution to the selected SDGs. We are happy to work alongside the Biccoca-Milano University and AIFI to create this Observatory which aims to turn a permanent spotlight on one of the most important macro-trends in the world of private banking and wealth management. Today more than ever it is clear that ESG criteria are the true compass that guides both the investments of large international companies and families. The contribution of academic research, combined with professionalism in the field of wealth management and private equity can represent a driving force for further evolution of the ESG world ".