Vienna Insurance Group Wiener Versicherung Gruppe AG

Common Name
Vienna Insurance Group
Country
Austria
Sector
Financial Services
Industry
Insurance - Diversified
Employees
30,000
Ticker
VIG
Exchange
WIENER BOERSE AG AMTLICHER HANDEL
Website
group.vig
Description
Vienna Insurance Group AG is a major insurance provider specializing in both life and non-life insurance services. Headquartered in Vienna, the company stands as the leading insurance group throughout...

Vienna Insurance Group's GHG Emissions Data Preview

In 2024, Vienna Insurance Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Vienna Insurance Group has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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b
0000000
Total Scope 3
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a
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a
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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b
0000000
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Verified Sources Behind Vienna Insurance Group’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Vienna Insurance Group’s data sources below and access millions more through our Disclosure Search.

a. Vienna Insurance Group's Annual Report 2024
a. Vienna Insurance Group's Annual Report 2024
b. Vienna Insurance Group's Sustainability Report 2023
b. Vienna Insurance Group's Sustainability Report 2023
c. Vienna Insurance Group's Sustainability Report 2021
c. Vienna Insurance Group's Sustainability Report 2021

Insights into Vienna Insurance Group's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Vienna Insurance Group amounted to 39,733 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Vienna Insurance Group increased by 2.43%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Vienna Insurance Group's Scope 1 Emissions Over Time

20192020202120222023202405 k10 k15 k20 ktCO2e-17%+5%+12%+22%-5%
  • Total Scope 1
  • Year-over-Year Change

What are Vienna Insurance Group's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Vienna Insurance Group were 18,538 metric tons of CO₂ equivalent (tCO₂e). a

Has Vienna Insurance Group reduced its Scope 1 emissions over time?

Since 2019, Vienna Insurance Group's Scope 1 emissions have increased by 14.34%, reflecting a rising long-term trend in Scope 1 emissions over time. a c

Compared to the previous year (2023), Vienna Insurance Group's Scope 1 emissions decreased by 4.88%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Vienna Insurance Group's Scope 2 emissions?

In 2024, Vienna Insurance Group reported Scope 2 greenhouse gas (GHG) emissions of 17,678 tCO₂e using the market-based method and 21,195 tCO₂e using the location-based method. a

Has Vienna Insurance Group reduced its Scope 2 emissions over time?

Since 2019, Vienna Insurance Group's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have increased by 13.26%, reflecting a rising long-term trend in Scope 2 emissions over time. a c

Compared to the previous year (2023), Vienna Insurance Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Vienna Insurance Group 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Vienna Insurance Group use for Scope 2 reporting?

In 2024, Vienna Insurance Group reported its Scope 2 emissions using the market-based method and using the location-based method. a

Vienna Insurance Group's Scope 2 Emissions Over Time

20192020202120222023202405.5 k11 k16.5 k22 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Vienna Insurance Group's Value Chain Emissions

In 2024, Vienna Insurance Group reported 15,697,958 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of Vienna Insurance Group includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Vienna Insurance Group's Scope 3 Emissions Over Time

2019202020212023202405 M10 M15 M20 MtCO2e-87%+1%+15988603%-17%
  • Total Scope 3
  • Year-over-Year Change

What are Vienna Insurance Group's Scope 3 emissions?

In 2024, Vienna Insurance Group reported total Scope 3 emissions of 15,697,958 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 0.01% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.99% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Vienna Insurance Group reduced its Scope 3 emissions over time?

Since 2019, Vienna Insurance Group's Scope 3 emissions have increased by 1,684,230.26%, reflecting a rising long-term trend in Scope 3 emissions over time. a c

Compared to the previous year (2023), Vienna Insurance Group's Scope 3 emissions decreased by 17.49%, highlighting the company's efforts to lower indirect emissions from its value chain. a

What categories of Scope 3 emissions does Vienna Insurance Group disclose?

In 2024, Vienna Insurance Group reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol. a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Vienna Insurance Group's Scope 3 emissions?

In 2024, the largest contributors to Vienna Insurance Group's Scope 3 emissions were: a

  • Investments (Cat. 15): 15,696,613 tCO₂e (99.99%)
  • Business Travel (Cat. 6): 1,345 tCO₂e (0.01%)

Vienna Insurance Group's Scope 3 Emissions by Categories

Investments(Cat. 15)(100.0%)

Insights into Vienna Insurance Group’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Vienna Insurance Group reported Scope 1 greenhouse gas (GHG) emissions of 18,538 tCO₂e and total revenues of USD 13,454 millions. This translates into an emissions intensity of 1.38 tCO₂e per millions USD. a

Vienna Insurance Group's Scope 1 Emissions Intensity Compared to Peers

0.021005,000200,000Scope 1 Emissions (tCO2e)2001,00010,00050,000200,000Revenues (Millions of USD)MSMMMomentum Group LtdYear: 2023Scope 1: 4,396 tCO2eRevenue: $M 5,210Scope 1 Intensity: 0.84 tCO2e/$MBaloise HoldingYear: 2024Scope 1: 4,785 tCO2eRevenue: $M 7,027Scope 1 Intensity: 0.68 tCO2e/$MNew India AssuranceYear: 2025Scope 1: 2,669 tCO2eRevenue: $M 5,096Scope 1 Intensity: 0.52 tCO2e/$MSwiss Life HoldingYear: 2024Scope 1: 5,842 tCO2eRevenue: $M 15,936Scope 1 Intensity: 0.37 tCO2e/$MSampo OyjYear: 2024Scope 1: 883 tCO2eRevenue: $M 9,933Scope 1 Intensity: 0.09 tCO2e/$MUniqa Insurance GroupYear: 2023Scope 1: 5,048 tCO2eRevenue: $M 5,636Scope 1 Intensity: 0.90 tCO2e/$MiA FinancialYear: 2024Scope 1: 6,757 tCO2eRevenue: $M 2,647Scope 1 Intensity: 2.55 tCO2e/$MGrupo Catalana OccidenteYear: 2024Scope 1: 19,054 tCO2eRevenue: $M 2,587Scope 1 Intensity: 7.36 tCO2e/$MPorto SeguroYear: 2023Scope 1: 1,853 tCO2eRevenue: $M 6,272Scope 1 Intensity: 0.30 tCO2e/$MUnipol AssicurazioniYear: 2024Scope 1: 9,062 tCO2eRevenue: $M 12,128Scope 1 Intensity: 0.75 tCO2e/$MVaudoise Assurances HoldingYear: 2023Scope 1: 527 tCO2eRevenue: $M 1,784Scope 1 Intensity: 0.30 tCO2e/$MHelvetia HoldingYear: 2024Scope 1: 8,631 tCO2eRevenue: $M 12,396Scope 1 Intensity: 0.70 tCO2e/$MStar HealthYear: 2024Scope 1: 0 tCO2eRevenue: $M 1,600Scope 1 Intensity: 0.00 tCO2e/$MAvivaYear: 2024Scope 1: 7,437 tCO2eRevenue: $M 39,855Scope 1 Intensity: 0.19 tCO2e/$MSSSagaYear: 2024Scope 1: 109,647 tCO2eRevenue: $M 731Scope 1 Intensity: 150.02 tCO2e/$MAegonYear: 2024Scope 1: 1,480 tCO2eRevenue: $M 20,302Scope 1 Intensity: 0.07 tCO2e/$MTalanxYear: 2024Scope 1: 13,090 tCO2eRevenue: $M 26,617Scope 1 Intensity: 0.49 tCO2e/$MPhoenix FinancialYear: 2024Scope 1: 3,783 tCO2eRevenue: $M 8,260Scope 1 Intensity: 0.46 tCO2e/$MSinar Mas MultiarthaYear: 2024Scope 1: 9,024 tCO2eRevenue: $M 1,621Scope 1 Intensity: 5.57 tCO2e/$MTrygYear: 2024Scope 1: 1,120 tCO2eRevenue: $M 5,611Scope 1 Intensity: 0.20 tCO2e/$MAXAYear: 2024Scope 1: 21,054 tCO2eRevenue: $M 93,490Scope 1 Intensity: 0.23 tCO2e/$MALM. Brand A/SYear: 2024Scope 1: 599 tCO2eRevenue: $M 1,970Scope 1 Intensity: 0.30 tCO2e/$MSun Life FinancialYear: 2023Scope 1: 15,057 tCO2eRevenue: $M 28,817Scope 1 Intensity: 0.52 tCO2e/$MArch Capital GroupYear: 2024Scope 1: 2,252 tCO2eRevenue: $M 16,932Scope 1 Intensity: 0.13 tCO2e/$MVienna Insurance GroupYear: 2024Scope 1: 18,538 tCO2eRevenue: $M 13,454Scope 1 Intensity: 1.38 tCO2e/$M

How does Vienna Insurance Group's GHG emissions intensity compare to its peers?

In 2024, Vienna Insurance Group reported a Scope 1 emissions intensity of 1.38 tCO₂e per millions USD. Compared to the peer group median of 0.47 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Vienna Insurance Group rank on GHG emissions intensity within its industry?

In 2024, Vienna Insurance Group ranked 21 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Vienna Insurance Group among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into Vienna Insurance Group's Total Carbon Footprint

In 2024, Vienna Insurance Group reported a total carbon footprint of 15,737,691 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 17.45% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Vienna Insurance Group's total carbon footprint was Scope 3 emissions, accounting for 99.75% of the company's total carbon footprint, followed by Scope 2 emissions at 0.13%. a

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