Vienna Insurance Group
Vienna Insurance Group (VIG), a leading player in the insurance industry, is headquartered in Austria (AT) and operates extensively across Central and Eastern Europe. Founded in 1824, VIG has established a strong presence in various markets, including Austria, the Czech Republic, and Slovakia, among others. The company offers a diverse range of insurance products and services, including life, health, and property insurance, distinguished by their customer-centric approach and innovative solutions. VIG's commitment to sustainability and digital transformation has positioned it as a market leader, recognised for its robust financial stability and comprehensive service offerings. With a rich history and a focus on growth, Vienna Insurance Group continues to set benchmarks in the insurance sector.
DitchCarbon Score
How does Vienna Insurance Group's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Vienna Insurance Group's score of 53 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Vienna Insurance Group's reported carbon emissions
In 2024, Vienna Insurance Group (VIG) reported total carbon emissions of approximately 15,734,174,000 kg CO2e. This figure includes Scope 1 emissions of about 18,538,000 kg CO2e, Scope 2 emissions of approximately 17,678,000 kg CO2e (market-based), and 21,195,000 kg CO2e (location-based), along with Scope 3 emissions from business travel amounting to about 1,345,000 kg CO2e. In 2023, VIG's total emissions were approximately 19,065,801,000 kg CO2e, with Scope 1 emissions at about 19,490,000 kg CO2e, Scope 2 emissions at approximately 19,755,000 kg CO2e (market-based) and 19,301,000 kg CO2e (location-based), and Scope 3 emissions from business travel at about 1,101,000 kg CO2e. The company has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. However, it is important to note that VIG's emissions data is cascaded from its parent company, Vienna Insurance Group AG, indicating a corporate family relationship that influences its reporting and performance metrics. Overall, VIG's emissions reflect its operational scale and the challenges faced in reducing carbon footprints within the insurance sector. The absence of defined reduction targets suggests a potential area for future commitment and improvement in climate action strategies.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 16,213,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 18,714,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 932,000 | 000,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Vienna Insurance Group is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
