(Finance) – On the occasion of the VII World Forum on Wellbeing of the Organization for Economic Cooperation and Development (OECD), organized with the Ministry of Economy and Finance, the National Institute of Statistics (ISTAT) and with the support of the Bank of Italy, GeneralI promoted the meeting “Building Well-Being for People and Planet: the Role of Public-Private Partnerships.” The event focused on the need to address global issues such as climate change, demographic trends and workforce transformation through wellness-focused solutions, underlining the strategic role of public-private partnerships (PPPs) in meeting these challenges.
The OECD Forum, of which Generali is a knowledge partner, is organized under the Italian Presidency of the G7 to strengthen the agenda for the well-being of our planet and its inhabitants at an international level, encouraging the creation of connections and stimulating action through dialogue between the academic and scientific world, civil society, businesses and institutions.
The discussion hosted by Generali explored how the public-private partnership are essential to promote the adoption of strategies focused on well-being, sustainability and the reduction of inequalities. This – explains Generali in a note – is based on the sharing of best practices between the public and private sectors, the analysis of statistical data with aligned standards and the joining of forces to define inclusive and sustainable results.
Through the combination of the strengths of both sectors, collaboration between private entities and international institutions such as the United Nations Development Program (UNDP) and the OECD has a crucial role in supporting holistic policies and resilience strategies that place the well-being of people at the centre.
“As emerged in the UNDP Human Development Report 2023/2024, – he said Andrea Sironi, president of Generali – mistrust of collective action and political polarization have grown. This was accompanied by the need to intervene quickly to combat the climate crisis. It is important to strengthen the awareness that no actor, public or private, will be able to successfully address the environmental and social challenges we face. The solution comes from a common effort. Our sector plays a
key role in bridging the protection gap and promoting tools that strengthen, through partnerships between private entities and public institutions, the resilience of our economies and the well-being of the community”.
“Generali – highlights the note – contributes to the promotion of fair and resilient well-being through innovative solutions for climate adaptation, inclusive products for the financial protection gap and investments that integrate sustainability factors. The Group also operates as an employer of responsible work promoting diversity, equity and inclusion in the workplace, ed
committing itself to communities living in vulnerable conditions with the foundation The Human Safety Net”.
The OECD contributed to this moment of discussion and highlighted that when well-being data is adopted as the basis of decision-making, businesses and governments have the opportunity to improve people’s lives and respond to the climate and environmental crisis. While well-being has not been the traditional goal of economic policies in the past, today’s challenges, such as climate change, workforce transformations, technological innovation and demographic trends, require a collective perspective with measurable global impacts.
Lucia Silva, Generali Group chief sustainability officer, underlined the virtuous drive of public-private collaboration to build a more resilient economy, which can withstand the challenges of the evolving climate and seize the potential of industrial, technological and digital innovation.
Monica Possa, Generali Group People & Organization officer, represented the importance of sharing knowledge and sustainable practices, to promote working environments that enhance diversity and guarantee equal opportunities and inclusion. In this direction, the training of people is increasingly strategic, with the skills required by an era of great technological innovation.
Precisely new digital technologies, in particular artificial intelligence, connect global challenges such as climate change with local solutions, ensuring that innovations are culturally relevant and inclusive, as highlighted by Pedro Conceição, Director and Lead Author Human Development Report Office ( UNDP). Through the OECD point of view, with Romina Boarini, Director OECD Center on Well-Being, Inclusion, Sustainability and Equal Opportunity, the importance of adopting metrics for measuring well-being, as a common foundation for action, was highlighted public and private to support the improvement of people’s lives and the planet. The evolution of the international geopolitical framework and the specific initiatives with which political institutions will be able to stimulate the inclusive transition were at the center of the intervention of Lynn Forester de Rothschild, founder and CEO of the Council for Inclusive Capitalism.
As a responsible corporate citizen, General is committed to promoting public-private partnerships and supporting public institutions with its skills in achieving their objectives. Generali was the first financial player to have signed a collaboration agreement with UNDP, launching a partnership in 2022 to promote access to insurance solutions aimed at reducing the protection gap and increasing socioeconomic well-being in some of the most vulnerable areas of the world. Thanks to the continuous commitment in the multi-year partnership with theUNDP Insurance and Risk Finance Facility, General
contributes toInsuResilience Vision 2025 and the United Nations 2030 Agenda.
In the year of Italian Presidency of the G7, Generali has also started a new collaboration with the OECD, within the scope of World Forum on Well-being, with the aim of promoting initiatives and criteria for measuring people’s well-being and putting it at the center of future economic policies.