Vienna Insurance Group Sustainability Profile
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 58 is higher than 73% 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 3.1 billion kg CO2e. This figure includes Scope 1 emissions of about 18.5 million kg CO2e, Scope 2 emissions of approximately 17.7 million kg CO2e (market-based), and Scope 3 emissions of about 3.0 billion kg CO2e. The previous year, 2023, VIG's total emissions were approximately 3.7 billion kg CO2e, with Scope 1 at about 19.5 million kg CO2e, Scope 2 at approximately 19.8 million kg CO2e (market-based), and Scope 3 at around 3.7 billion kg CO2e. VIG's emissions data is cascaded from its parent company, Vienna Insurance Group AG, indicating a corporate family relationship. However, there are currently no specific reduction targets or climate pledges documented for VIG. The company has not outlined any significant initiatives aimed at reducing its carbon footprint, which may reflect broader industry challenges in setting ambitious climate commitments. Overall, VIG's emissions profile highlights the importance of ongoing monitoring and potential future commitments to enhance sustainability efforts within the insurance sector.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 32,931,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 000,000 | 000,000 | 000,000 | 000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Vienna Insurance Group's Industry?
How Carbon Intensive is Vienna Insurance Group's Location?
Vienna Insurance Group's Scope 3 Categories Breakdown
Vienna Insurance Group's Scope 3 emissions, which decreased by 17% last year and increased significantly since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
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Vienna Insurance Group's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Vienna Insurance Group has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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