- Russian war of aggression in Ukraine.
- Inflation.
- Covid-19 pandemic.
- Increasing storm damage.
- Data protection breaches.
- Cyber-attacks.
- Compliance with numerous regulations.
- Demographic change and its impact on pension, health, and care systems.
- Climate change and its impact on insurance business.
VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe disclosed greenhouse gas emissions of 30.3K tCO2e/year. By scope: Scope 1: 15.1K tCO2e/year; Scope 2: 14.5K tCO2e/year; Scope 3: 673 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
30.3K tCO2e/year
2022
Waste
6.1 tons/year (used IT devices)
2022
Energy Use
32.6M kWh/year
2022
📊 Emissions by Scope (2022)
| 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). | 15.1K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 14.5K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 673 tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Increased investments in Green Bonds to EUR 829 million (from EUR 436 million in 2021).
- Successfully invested the entire EUR 500 million proceeds of its sustainability bond in sustainable projects within one year of issuance.
- Renovated a 1911 building in Vienna to meet EU Taxonomy Regulation's climate protection requirements.
- Achieved a Gold ÖGNI certificate for sustainable building operation for a building at Vienna's Rathausplatz.
- Installation of photovoltaic systems on several buildings, generating approximately 70,000 kWh of clean electricity per year at one location.
- Reduced coal risks in corporate business by 77% in 2022 compared to 2019.
- Donated 1.585 used IT devices to AfB, saving resources and supporting people with disabilities.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce existing direct coal investments by more than half by the end of 2025.
📅 Medium-term
- Completely remove existing direct coal investments from the portfolio by the end of 2035.
🌱 ESG Focus Areas
Ecological and social criteria in capital investmentResponsible corporate governance/compliancePartnershipsProduct innovationCustomer orientationUnderstandability of productsData protection and securityTraining and further educationDemographic changeClimate changeOffice ecology