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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 18,538a | 19,490a | 15,980b | |
Total Scope 2 | ||||
Market-Based | 17,678a | 19,755a | N/A | |
Location-Based | 21,195a | 19,301a | 17,405b | |
Total Scope 3 | 15,697,958a | 19,026,556a | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1.3779a | 1.5117a | 1.6708b |
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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
In 2024, the total Scope 1 emissions of Vienna Insurance Group were 18,538 metric tons of CO₂ equivalent (tCO₂e).a
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
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
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
In 2024, Vienna Insurance Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
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
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
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.ac
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
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.
In 2024, the largest contributors to Vienna Insurance Group's Scope 3 emissions were:a
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
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 0.3, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Vienna Insurance Group ranked 18 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Vienna Insurance Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
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