Hello, Rogério.
We are here today at COP, and we are here as insurers.
So, what is so special?
Why is it so important for insurers to follow a net-zero
path?
Hello, Lorenzo, it's a pleasure to be here with you today.
Well, I think insurers have an important milestone ahead.
It's clear that insurance, for insurers, sustainability has
always been a priority, namely in the social area.
But clearly, environment is gaining a priority.
We can say that the climate transition is in many ways the
battle of our lives, right?
So I think insurers definitely need to play a role.
We are very impacted by climate change.
On the other hand, we can impact tremendously the society around
us with our investments, with our underwriting.
So it's about time that insurers step up and actually play a more
active role in all that has to do with environment.
Great, exceptional.
And tell me what is so special then about the journey that
Fidelidade is actually doing on decarbonization?
Well, again, Fidelidade always had, in sustainability, a
tradition to work a lot on the social angle.
We work tremendously on all that has to do with longevity, health
prevention, financial literacy. This was the traditional area.
Recently, we have come up with this naturalist priority of
getting more and more involved in environmental issues and,
therefore, we've defined the net-zero plan, actually with the
support of BCG, as you know, that involves not only targets
for 2050, but also intermediate targets for 2030.
So, we're actually trying to commit and to show a strong
commitment towards these targets.
And we think, that in the case of Fidelidade, it's even more
important.
We are a big company in a market or in a country where we have
small enterprises.
So we need to play, we need to set the example.
We need to help these small and medium enterprises to get aware
of what's going on and help them and support them in this
transition to a more environmental, responsible,
conduct.
So great to hear about the decarbonization efforts of
Fidelidade and how special they are.
And tell me have you got any external recognition for those?
Well, actually yes.
Lorenzo, the fact is that this week we've got excellent news,
which is we got a significant improvement in our
Sustainalytics rating.
So we now rank among the the best insurance in the world.
We rank actually the 4th best insurance in the world and the
second one in Europe.
We are very fortunate and very happy with this result, and it
only motivates us to do much better.
Very, very clear, and very interesting challenge.
I think you are at the forefront of what insurers are doing in
Europe.
So best of luck for that.
And maybe just to close, you are here at COP for the first time I
think in your life.
So couple of reflections.
What do you feel here at COP?
Well, it's my first time, yes, it's the first time Fidelidade
is here at COP.
I think it's been very interesting, to tell you the
truth.
I think that COP ends up being a call for action, and I think we
feel in the air, in the atmosphere, we feel that for
everybody, there's a strong alignment.
You know, the issue of environment is becoming a
priority for everybody, but we also feel that we have so much
ahead of us.
So the path moving forward, we know it's going to be very
complex.
There's a lot of work to be done in methodologies, in standards,
in concrete actions, in financing, and all of this.
But we see that in the air
there's an optimism, an awareness of the difficulty, but
also an optimism that we will be able to deliver.
It's going to be hard.
We know it's going to be hard, but we're able to deliver.
So it's been very interesting for us to see this atmosphere of
trying to actually set a standard and move on it.
Great.
So thank you so much Rogério, and all the best for your
decarbonization adventure.
Thank you.