Sitemap

Sustainability Becomes A Core Element Of UNIQA’s New Strategy

NBA: First Business Beehive In Belgrade

Nordic Business Alliance in partnership with Belgrade...

670 Thousand Clients Of Mobi Banka Made More Than 100 Million Transactions

After issuing more than 100,000 fully online...

EU Preparing Investment Plan For Western Balkans Worth 30 Billion Euros

The leaders of the European Union and the Western Balkans held a four-hour discussion in Brussels on the challenges...

Alessandra Moretti Is The New Chair Of EP Delegation To Serbia

The European Parliament (EP) has elected Alessandra Moretti, a member of the Socialists and Democrats from Italy, as chair...

Metaverse To Usher In A Massive Economy?

Meta Platforms CEO Mark Zuckerberg told CNBC that the metaverse could be a considerable part of the social network...

Russia’s Ruble At Its Strongest Level In 7 Years

Russia’s ruble hit 52.3 to the dollar on Wednesday, an increase of roughly 1.3% on the previous day and...

Naomi Osaka And Lebron James Launch Media Company

Four-time Grand Slam winner Naomi Osaka is launching a media production company in partnership with The SpringHill Company, a...

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.

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.

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.

Related Articles

UNIQA Group: Profit Quadrupled In First Half Of Year – Outlook Raised For 2021 As A Whole

In the first six months of the 2021 financial year, UNIQA Insurance Group AG (UNIQA) generated earnings before taxes of nearly €216 million. Premiums...

Standard & Poor’s Confirms “A-” Rating For UNIQA With A Stable Outlook

On 18 December 2020, the international rating agency Standard & Poor's (S&P) again confirmed its "A-" rating of UNIQA Insurance Group AG with a...

UNIQA Donates 5 Million rsd For Respirators To Help Fight Coronavirus

UNIQA Insurance has donated 5 million rsd to Serbia for the purchase of respirators and other essential medical equipment. In the days ahead these devices...

UNIQA in the service of health during coronavirus crisis

UNIQA enabled telephone and online services to be available 24/7 to clients. Responsibly and dedicatedly, UNIQA Serbia has subordinated all business activities to the...

UNIQA expands in CEE

• UNIQA purchases AXA subsidiaries in Poland, Czech Republic and Slovakia growth markets • Acquisition results in 5 million new customers and €800 million in...

UNIQA Insurance awarded golden medal for outstanding customer relationship

UNIQA Insurance Serbia is the winner of the prestigious international certificate and golden medal “Customer’s Friend – Superior Excellence” that international organization ICERTIAS (International...

UNIQA an official insurance of Serbian water polo team on the road to Tokyo

After five years of cooperation crowned with Olympic, both the World and European medals, UNIQA remains the official insurance of the water polo team...

UNIQA remains strongly positioned at the top of the insurance market

According to a report issued by the National Bank of Serbia, with its share of 5.91% in 2018 UNIQA confirmed its stable fifth position...