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Dear Sir/Madam,

Welcome to our Press Center. May we express our pleasure at the fact that you have chosen to use the pool of information regarding our company and its products and services. This information and content is made available by UNIQA Group, Untere Donaustraße 21, A-1029 Vienna, Austria and we are more than willing to provide you with copy, photographic and film material for your reporting about our company. However, the employment of these services is subject to the proviso that you consent to the following terms of use.

The subsequent terms of use regulate the utilization of the content provided on the internet at http://press-uniqagroup.com/. Admission to the UNIQA Online Press Center, as well the functions and content to which it offers access, shall only take place in accordance with the aforementioned conditions. These include regulations related to data protection. Through the employment of the services and content provided, you offer confirmation of the fact that you have read and accepted the conditions.

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Via the Press Center, you have access to our press releases and press download area. Utilization of the prepared content is free of charge. With the use of our Online Press Center, you offer an undertaking to only use the content and materials on offer for the purpose of your professional editorial and journalistic activities. Unless subject to a different agreement, basically the photographic material, data and information have been released solely for employment by journalists and press employees.

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UNIQA Group Communication
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We trust that our press service will provide your work with the best possible support and look forward to your report.

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11.12.2020

Sustainability becomes a core element of UNIQA's new strategy

Short text (281 Characters)Plain text

  • Green investments are to be increased to at least € 1 billion over the next 5 years
  • Own Paris climate target pathway set for the entire investment portfolio
  • Climate neutrality targeted for 2040
  • Product portfolio to become greener

Press release (4970 Characters)Plain text

  • Green investments are to be increased to at least € 1 billion over the next 5 years
  • Own Paris climate target pathway set for the entire investment portfolio
  • Climate neutrality targeted for 2040
  • Product portfolio to become greener

As part of its new corporate strategy "UNIQA 3.0 - Seeding the Future", UNIQA is doubling down on its efforts to reach new goals in climate protection and sustainability. UNIQA already took action at the beginning of 2019 when it announced and committed to its exit from the coal business. Sustainability - or ESG (environmental, social and corporate governance) as it is known as in the financial industry - is at the core of the new corporate strategy.

"For us, sustainable business is a central and absolutely critical part of our corporate orientation for success", comments René Knapp, Chief HR & Brand Officer, on the role of sustainability at UNIQA.

UNIQA's sustainability strategy is built on 5 pillars:

  • An ESG-compliant investment policy that supports the Austrian and European pathways to climate neutrality in 2040 and 2050 respectively
  • Products that address sustainability
  • An exemplary operational management with attention to environmental and social objectives
  • Transparent and ongoing reporting on progress in the area of sustainability, and a willingness to undergo rating processes
  • A close and cooperative relationship with stakeholders and associations to promote sustainability

Sustainable investment policy

As part of its investment policy, UNIQA is working on the ongoing improvement of the ESG portfolio scoring system that has been introduced in order to consistently continue on the pathway to climate neutrality. In doing so UNIQA relies in particular on international cooperation with recognised associations, unions and societies, and has firmly established the underlying principles of responsible investment in its own guidelines. The Paris climate goals are continuously integrated into the investment process in order to support the European and national climate goals. In order to accompany the real economy en route to truly resource-saving management, UNIQA is further expanding the EU taxonomy-compliant green investments with new investments to the value of at least € 1 billion by 2025.

"We will work to continually reduce our direct emissions in the fight against climate change. As part of our financial assessments we will introduce indirect CO2 monitoring in order to advance the reduction of CO2 emissions of the companies we invest in," explains Andreas Rauter, Head of Sustainability & Public Affairs.

Green product policy

Regarding own products, UNIQA plans to expand the existing portfolio with additional ecological investment options and push sustainable retirement plans. In addition, UNIQA wishes to motivate customers to adopt more tenable lifestyles and economies and in doing so gradually offer them a completely sustainable product range. As a first step in this direction, UNIQA is focusing on supplementary product modules (e.g. e-Mobility, low-emission households and business operations) and improved consulting quality with regard to resource efficiency and CO2 reduction.

Exemplary operational management

UNIQA has committed itself to the corporate group goal of continuously reducing its own CO2 footprint so that its own operations will be climate-neutral by 2040 at the latest. Particular attention is paid to the ongoing work of making the fleet vehicles and business trips undertaken greener. In Austria, the average CO2 emissions of company cars are to be reduced from the current already exemplary 99g CO2/km, to 80g CO2/km by 2025. In addition, photovoltaic installations, the improvement of heating/cooling systems, the introduction of LED lighting as well as general energy monitoring are all on the agenda. In the future, UNIQA will also pay close attention to international certifications, standards and sustainable operational management among its suppliers.

Transparent and ongoing reporting

The progress UNIQA is making on the path to greater sustainability and climate-neutral operations is fully transparent and disclosed in regularly published progress reports. In active discourse with ESG rating agencies, UNIQA strives to continuously improve its ESG rating through further reporting processes.

Memberships and cooperations

In order to join forces for important ecological and social objectives, UNIQA aims for membership of the UN Global Compact (UNGC), the Principles for Responsible Investments (UN EP-FI) and the Principles for Sustainable Insurance (UN EP-FI) to further contribute to the mutual exchange of information and strategies. In order to consolidate and coordinate positions, objectives and programs, UNIQA will also continue the discourse with representatives of the public (ministries, municipalities, supervisory authorities, NGOs, etc.), as well as with its own employees and investors in the future.

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UNIQA Group
The UNIQA Group is one of the leading insurance groups for its core markets of Austria and Central and Eastern Europe (CEE). Around 23,500 employees and exclusive sales partners serve around 15.5 million customers in 18 countries. UNIQA is the second-largest insurance group in Austria with a market share of more than 21 per cent. UNIQA operates in 15 markets in the CEE growth region: Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Czechia, Hungary, Kosovo, Montenegro, Northern Macedonia, Poland, Romania, Russia, Serbia, Slovakia and Ukraine. The UNIQA Group also includes insurance companies in Switzerland and Liechtenstein.

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