UNIQA is to increase its green investments to at least € 1bn over the next five years.
As part of its new corporate strategy, UNIQA 3.0 – Seeding the Future, the insurer 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.
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.
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.
"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," UNIQA head of sustainability & public affairs Andreas Rauter said.
