The sustainability programme
As part of the VIG 25 strategic programme, the Group also developed a sustainability programme. This strengthens sustainability as an integral part of the business model.
For VIG sustainability means creating economic value today without doing so at the expense of tomorrow. In addition to the traditional environmental, social and governance aspects, economic efficiency and a profitable business model remain at the core of all efforts. The Group-wide VIG sustainability programme was developed in a collaborative process with the VIG insurance companies and is therefore well established within the Group. Together the six spheres of impact were defined. In this context “asset management”, “underwriting” and “operations” primarily have an ecological focus, while the spheres of impact “employees”, “customers” and “society” primarily address social aspects.
Sustainability Programme
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Asset Management
VIG’s investment decisions contribute to the climate transition. By 2050 the greenhouse gas emissions from selected investment portfolios shall reach net zero. Measures such as the application of exclusion criteria, an engagement approach and an increase in the proportion of green investments serve this purpose.
Underwriting
Greenhouse gas emissions in the corporate underwriting portfolio are also to be reduced to net zero by 2050. Accordingly, risks associated with the energy transition are also hedged. In addition, as part of its engagement activities VIG supports companies and helps customers to improve their sustainability performance and better adapt to climate change.
Operations
The emissions from own operations and business travel shall reach net zero by 2050. Already by 2030, VIG aims to be climate neutral in this area. We envisage achieving these targets through conscious and reduced energy consumption, the increased use of renewable energies and by travelling for business less frequently and in more environmentally friendly ways.
Employees
VIG aspires to be an attractive employer and promotes employee centricity, diversity and equal opportunity. As part of the sustainability programme many of the Group companies have already begun measuring their attractiveness as employers using the Trust Index™ from Great Place to Work®.
Customers
VIG places a high value on customer satisfaction and established its own competence center for customer experience in 2023 in order to understand their needs even better. In addition, it wants to close existing protection gaps in society, for example for underserved or socially disadvantaged customers.
Society
VIG promotes risk competence in its markets through risk education. In this way, it supports people in making well-informed decisions, taking responsibility for protecting themselves against risks and increasing their socio-economic resilience. Furthermore, VIG promotes the commitment of its employees for causes that benefit society.
Asset Management
VIG’s investment decisions contribute to the climate transition. By 2050 the greenhouse gas emissions from selected investment portfolios shall reach net zero. Measures such as the application of exclusion criteria, an engagement approach and an increase in the proportion of green investments serve this purpose.
Underwriting
Greenhouse gas emissions in the corporate underwriting portfolio are also to be reduced to net zero by 2050. Accordingly, risks associated with the energy transition are also hedged. In addition, as part of its engagement activities VIG supports companies and helps customers to improve their sustainability performance and better adapt to climate change.
Operations
The emissions from own operations and business travel shall reach net zero by 2050. Already by 2030, VIG aims to be climate neutral in this area. We envisage achieving these targets through conscious and reduced energy consumption, the increased use of renewable energies and by travelling for business less frequently and in more environmentally friendly ways.
Employees
VIG aspires to be an attractive employer and promotes employee centricity, diversity and equal opportunity. As part of the sustainability programme many of the Group companies have already begun measuring their attractiveness as employers using the Trust Index™ from Great Place to Work®.
Customers
VIG places a high value on customer satisfaction and established its own competence center for customer experience in 2023 in order to understand their needs even better. In addition, it wants to close existing protection gaps in society, for example for underserved or socially disadvantaged customers.
Society
VIG promotes risk competence in its markets through risk education. In this way, it supports people in making well-informed decisions, taking responsibility for protecting themselves against risks and increasing their socio-economic resilience. Furthermore, VIG promotes the commitment of its employees for causes that benefit society.