- Climate change increasing losses due to extreme weather events (flooding, hailstorms, summer storms).
- Gaps in risk literacy among the population in CEE countries.
- Rapidly changing regulatory environment related to sustainability reporting.
- Potential for threats to the macroeconomy due to geopolitical instability.
VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe disclosed greenhouse gas emissions of 34.9K tCO2e/year. By scope: Scope 1: 16.9K tCO2e/year; Scope 2: 17.1K tCO2e/year; Scope 3: 969 tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
34.9K tCO2e/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 16.9K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 17.1K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 969 tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Ringturm building in Vienna achieved EU Taxonomy compliance, considered environmentally friendly due to district cooling, LED lighting, thermal refurbishment, and photovoltaic systems.
- Reduced coal risks in corporate business by 84% compared to 2019.
- VIG Holding's real estate portfolio is moving towards taxonomy alignment; the Ringturm building received ÖGNI's EU taxonomy verification.
- VIG is aiming to generate its own renewable electricity and share it between company buildings throughout Austria, saving around 1,300 tonnes of CO2 annually.
- Six VIG companies installed new photovoltaic systems in 2023, generating around 600,000 kilowatt-hours of solar power annually.
- BTA Baltic in Latvia reduced energy consumption in an office building by 34% through intelligent heating control.
- Komunálna in Slovakia reduced energy consumption by switching to LED lighting and other efficiency measures.
- Wiener TU in Poland renovated office space to reduce energy consumption.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Climate neutrality in office operations by 2030.
📅 Medium-term
- Net zero greenhouse gas emissions by 2050 in asset management, underwriting, and office operations.
🔭 Long-term
- Net zero greenhouse gas emissions by 2050 in asset management, underwriting, and office operations.
🌱 ESG Focus Areas
Asset ManagementUnderwritingOperationsEmployeesCustomersSociety