WEBVTT

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Hello, Rogério.

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We are here today at COP, and we
are here as insurers.

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So, what is so special?

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Why is it so important for
insurers to follow a net-zero

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path?

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Hello, Lorenzo, it's a pleasure
to be here with you today. 

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Well, I think insurers have an
important milestone ahead.

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It's clear that insurance, for
insurers, sustainability has

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always been a priority, namely
in the social area.

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But clearly, environment is
gaining a priority.

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We can say that the climate
transition is in many ways the

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battle of our lives, right?

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So I think insurers definitely
need to play a role.

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We are very impacted by climate
change.

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On the other hand, we can impact
tremendously the society around

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us with our investments, with
our underwriting.

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So it's about time that insurers
step up and actually play a more

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active role in all that has to
do with environment.

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Great, exceptional.

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And tell me what is so special
then about the journey that

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Fidelidade is actually doing on
decarbonization?

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Well, again, Fidelidade always
had, in sustainability, a

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tradition to work a lot on the
social angle.

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We work tremendously on all that
has to do with longevity, health

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prevention, financial literacy.
This was the traditional area.

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Recently, we have come up with
this naturalist priority of

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getting more and more involved
in environmental issues and,

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therefore, we've defined the
net-zero plan, actually with the

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support of BCG, as you know,
that involves not only targets

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for 2050, but also intermediate
targets for 2030.

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So, we're actually trying to
commit and to show a strong

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commitment towards these
targets.

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And we think, that in the case
of Fidelidade, it's even more

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important.

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We are a big company in a market
or in a country where we have

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small enterprises.

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So we need to play, we need to
set the example.

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We need to help these small and
medium enterprises to get aware

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of what's going on and help them
and support them in this

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transition to a more
environmental, responsible,

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conduct.

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So great to hear about the
decarbonization efforts of

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Fidelidade and how special they
are.

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And tell me have you got any
external recognition for those?

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Well, actually yes.

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Lorenzo, the fact is that this
week we've got excellent news,

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which is we got a significant
improvement in our

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Sustainalytics rating.

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So we now rank among the the
best insurance in the world.

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We rank actually the 4th best
insurance in the world and the

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second one in Europe.

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We are very fortunate and very
happy with this result, and it

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only motivates us to do much
better.                         

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     Very, very clear, and very
interesting challenge.

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I think you are at the forefront
of what insurers are doing in

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Europe.

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So best of luck for that.

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And maybe just to close, you are
here at COP for the first time I

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think in your life.

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So couple of reflections.

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What do you feel here at COP?

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Well, it's my first time, yes,
it's the first time Fidelidade

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is here at COP.

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I think it's been very
interesting, to tell you the

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truth.

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I think that COP ends up being a
call for action, and I think we

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feel in the air, in the
atmosphere, we feel that for

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everybody, there's a strong
alignment.

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You know, the issue of
environment is becoming a

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priority for everybody, but we
also feel that we have so much

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ahead of us.

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So the path moving forward, we
know it's going to be very

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complex.

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There's a lot of work to be done
in methodologies, in standards,

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in concrete actions, in
financing, and all of this.

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But we see that in the air

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there's an optimism, an
awareness of the difficulty, but

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also an optimism that we will be
able to deliver.

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It's going to be hard.

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We know it's going to be hard,
but we're able to deliver.

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So it's been very interesting
for us to see this atmosphere of

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trying to actually set a
standard and move on it.

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Great.

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So thank you so much Rogério,
and all the best for your

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decarbonization adventure.

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Thank you.