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.

UNIQA Insurance Group has committed to shift their investment portfolios towards achieving carbon neutrality in Austria by 2040 and for the entire operations by the year 2050. Further, the company has set specific goals related to scope 1, scope 2, and scope 3 emissions. Since the inception of energy monitoring in 2018, the company has successfully conserved approximately 2.5 million kWh of final energy and averted over 500 tonnes of greenhouse gas emissions. The company aims to achieve a 71% reduction in greenhouse gas emissions from its commercial buildings by the year 2040. UNIQA Insurance Group's latest filings mentioned the keywords 'Emissions' and 'Green Finance' most number of times in relation to 'Climate Change'.

UNIQA Insurance Group has taken steps to reduce its carbon emissions, including converting existing equipment and reusing elements of existing office furniture as optimized recycled products. In 2022, the company's total Scope 1 (direct) emissions were 3,901 tons of CO2e, Scope 2 (indirect) emissions were 3,938 tons of CO2e, while its total Scope 3 (indirect) emissions were 285 tons of CO2e. The total greenhouse gas emissions (Scope 1, 2, and 3) declined by 15.2% when compared to the base year of 2021. The company's vehicle fleet management aims to reduce the carbon emissions from the company's fleet of cars in Austria by around 40 g per kilometre by the end of 2024. The company's corporate carbon footprint reflects all emissions directly produced within the company (Scope 1) as well as indirect emissions resulting from bought-in electricity and heating (Scope 2).

According to the company's CSR report for 2022, it consumed 10,513,782 kWh of Heating energy, 12,721,708 kWh of Electricity. Greenhouse gas emissions caused by fuel consumption in company vehicles, which made up the largest part of the company's carbon footprint, decreased by around 14.5% in the current year. The company has also converted five fossil fuel heating systems to renewable systems such as biofuel-based district heating, air source heat pumps, or pellet heating, saving 40 metric tonnes of CO2 equivalents per year.

In conclusion, UNIQA Insurance Group is actively committed to achieving net-zero greenhouse gas emissions by 2050. They have made significant progress in reducing emissions and energy consumption since 2018. The company aims to cut greenhouse gas emissions from their commercial buildings and has implemented various measures to achieve this, including optimizing recycled products and transitioning to renewable energy sources. UNIQA's dedication to sustainability and environmental responsibility positions them as a leading example in the corporate sector's fight against climate change.

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