Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• 30% reduction in air travel compared to 2019
• Preference for local suppliers holding proven sustainability credentials
• Growing allocation of funds into green bonds and environmentally friendly projects
• Actively endorses and sponsored the "Bike To Work" initiative

Social Achievements

• 69% of employees participated in Social Active Day (SAD)
• EUR 270,000 donated to the VIG Family Fund supporting Ukrainian employees
• 48% women in leadership positions (18-point increase from 2022)
• Organized VIG Re Family Day and events for children

Governance Achievements

• Upholding the highest ethical standards in all aspects of business operations
• Implementation of stringent compliance processes to safeguard financial systems
• Commitment to preventing money laundering and other illicit activities

Climate Goals & Targets

Environmental Challenges

• Unprecedented global events such as extreme weather events, high geopolitical tensions, macroeconomic shocks, and evolving market dynamics
• Rising geopolitical tensions and political unrest
• Rising number of natural catastrophes and extreme weather events
• Economic slowdown combined with high inflation

Mitigation Strategies

• Prudent underwriting and investment policy
• Resilience and adaptability
• Commitment to long-term partnerships with clients
• Disciplined underwriting approach and prudent reserving and investment policy
• Strengthening underwriting capabilities and enhanced data processing
• Significant capital increase to further grow business

Supply Chain Management

Responsible Procurement

• Preference for local providers holding proven sustainability credentials

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events