Vienna Insurance Group (VIG) has successfully invested €500m in green and social projects.
The insurance company said within the first year of the EUR 500 million Senior Sustainability Bond, being issued in March 2021, it was able to allocate 100% of the bond’s net proceeds in these areas. Eighty per cent of the bond was invested in green projects and 20% in social projects.
Around 50 investors from 12 European countries have subscribed to the bond, with over three quarters of them having an explicit focus on sustainability in their portfolios.
VIG CEO Elisabeth Stadler said: “As a society, we collectively face the task of protecting today what will become increasingly important tomorrow: sustainable, renewable energy, living spaces of all kinds, necessary resources and social cohesion. We, as VIG Group, want to achieve a sustainably positive environmental and social impact with our investments.”