Uniqa

Uniqa's reported carbon emissions

UNIQA Insurance Group AG, headquartered in Austria and operating in insurance and pension funding services, has reported its carbon emissions and established climate commitments. For the reporting year 2024, UNIQA's total emissions were approximately 6.49 billion kg CO2e. This figure encompasses Scope 1 emissions amounting to about 21.44 million kg CO2e, Scope 2 emissions (market-based) of approximately 19.58 million kg CO2e, and substantial Scope 3 emissions of around 6.45 billion kg CO2e, predominantly from investments. In the preceding year, 2023, total emissions were reported as approximately 9.91 million kg CO2e. This included Scope 1 emissions of about 4.41 million kg CO2e, Scope 2 emissions of roughly 1.68 million kg CO2e from purchased heat and 2.47 million kg CO2e from purchased electricity, and Scope 3 emissions of approximately 0.71 million kg CO2e from business travel. UNIQA is committed to a net-zero target by 2050, aligning with a 1.5°C warming scenario. The company has set a near-term target for 2027. A significant aspect of their strategy involves their investment and lending portfolio, with headline targets indicating that as of 2021, 23% of their total investment and lending by assets under management were covered by specific targets. They are also committed to the Financial Institutions Net-Zero Standard.