GlobalData offers a comprehensive analysis of UNIQA Insurance Group, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on UNIQA Insurance Group’s ESG performance. GlobalData’s company profile on UNIQA Insurance Group offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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UNIQA Insurance Group, a leading insurance company, has set target for net zero by 2050. In 2022, UNIQA reported a total corporate carbon footprint of 8,124 tonnes of CO2e, comprising direct emissions (Scope 1) from heating and vehicles, indirect emissions (Scope 2) from electricity and district heating, and other indirect emissions (Scope 3) from flights and train trips. Notably, the company achieved a substantial reduction of 39.1% in total CO2 emissions per employee compared to the previous year. This signifies UNIQA's commitment to minimizing its environmental impact and enhancing sustainability practices across its operations.
In 2022, the greenhouse gas emissions were 3,901 metric tons of CO2 equivalent for Scope 1 (direct emissions), 3,938 metric tons of CO2 equivalent for Scope 2 (indirect emissions), and 285 metric tons of CO2 equivalent for Scope 3 (other indirect emissions). The company's total CO2 emissions have fluctuated over the years, with a reduction of 39.1% in 2021 compared to the previous year. The emissions from heating and electricity consumption have decreased, while emissions from company vehicles have also decreased by around 14.5%.
UNIQA has taken steps to reduce its emissions and achieve its net-zero targets. The company has converted existing equipment and reused elements of office furniture as recycled products. They have also implemented measures to improve energy efficiency and reduce waste. Additionally, UNIQA is investing in e-mobility, aiming to reduce carbon emissions from its vehicle fleet by around 40 g per kilometer by the end of 2024.
The company is also transitioning from fossil fuel heating systems to renewable energy systems. They have already converted five heating systems to renewable systems, such as biofuel-based district heating, air source heat pumps, and pellet heating. These conversions have resulted in significant savings of CO2 equivalents.
In conclusion, UNIQA Insurance Group is committed to addressing climate change and reducing its carbon emissions. The company has implemented various measures to achieve its net-zero targets, including energy efficiency improvements, investments in e-mobility, and the transition to renewable energy systems. While specific targets and timelines are not provided in the excerpts, UNIQA's efforts demonstrate their commitment to sustainability and reducing their environmental impact.
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