Generali, one employee in two in the world is a shareholder, in Italy they are 65%
The last widespread shareholding plan, We share, launched by the company, has seen a 50% increase in subscriptions. Worldwide, there are 35,800 subscribers, and 12,000 in Italy. Possa: «Exceptional participation, confirms sense of belonging»
Generali has set a new record with the number of employees investing in its We Share employee stock ownership plan (ESOP). The third edition of the program, launched in 2023, has seen 35,800 employees from 32 countries participate, marking a 50% increase from the 23,400 participants in the previous edition. In Italy, nearly 12,000 employees, or 65% of eligible staff, have joined the program.
Monica Possa, the Group Chief People & Organization Officer at Generali, attributes the exceptional participation to the strong sense of belonging among employees and their confidence in the company's future. The record number of participants demonstrates the commitment of colleagues to be actively involved in the Group's growth and acknowledges the value of the initiative that has attracted a growing number of people worldwide.
The We Share ESOP was approved by the Shareholders' Meeting in April, with over 99% of votes in favor. The plan allows employees to buy Generali shares at favorable conditions and receive additional free shares based on the share's performance and the achievement of specific strategic and sustainability objectives. The contributions from employees start in November, with the first phase allowing them to choose a monthly amount between 20 and 300 euros for potential Generali share purchases.
In the second phase, the amount is deducted from their salary and saved throughout the plan's duration. The final phase, upon plan expiration in April 2029, compares the final price with the initial price of 39.33 euros to determine the purchase of shares and the allocation of free shares.
Possa emphasizes that We Share is more than just an employee stock ownership plan; it is a tool that strengthens the ownership culture and employee engagement, creating a direct connection between individual contributions, Group objectives, and sustainable value creation over the long term. The plan also integrates environmental and social objectives, reflecting Generali's commitment to sustainability and its entrepreneurial approach.
Written by urgent.news from Il Sole 24 Ore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
