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 43 is higher than 68% 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 2023, Vienna Insurance Group (VIG) reported total carbon emissions of approximately 34,889,000 kg CO2e. This figure includes 16,855,000 kg CO2e from Scope 1 emissions, 17,065,000 kg CO2e from Scope 2 emissions, and 969,000 kg CO2e from Scope 3 emissions related to business travel. Compared to 2022, where total emissions were about 34,058,000 kg CO2e, VIG has seen a slight increase in emissions. The company has demonstrated a commitment to sustainability, although specific reduction targets or initiatives have not been disclosed. Emissions data is cascaded from its parent company, Vienna Insurance Group AG, indicating a corporate family relationship that influences its reporting and sustainability strategies. VIG's emissions data reflects a consistent approach to measuring and reporting carbon footprints across multiple years, with a notable focus on Scope 1 and Scope 2 emissions. The absence of specific reduction targets suggests that while VIG is tracking its emissions, it may not yet have formalised ambitious climate commitments or initiatives in line with industry standards.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 16,213,000 | 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 |
| Scope 3 | 932,000 | 000,000 | 000,000 | 000,000 | 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.
