Operations

While greenhouse gas emissions arise in the “Asset Management” and “Underwriting” spheres of impact, they also arise in day-to-day operations. This includes, on the one hand, office buildings with their energy consumption for electricity, heating and cooling and, on the other hand, mobility, which comprises the vehicle fleet and business travel – especially by aeroplane. As part of its sustainability programme, VIG has set itself the goal of becoming climate neutral in this area by 2030. To do this, the first step is to reduce emissions and the second step is to compensate or offset any residual emissions.

Environmental figues of VIG

VIG calculates its annual emissions from office operations

The following table shows information on electricity consumption and heating use in offices and kilometres of air travel of the fully consolidated insurance companies of VIG. In addition the table also shows the emissions from VIG‘s office operations in tonnes of CO2-equivalents. These emissions are shown both as a total figure and broken down by emissions in Scope 1 (heating energy and fuel consumption), Scope 2 (electricity, district cooling and district heating consumption) and Scope 3 (business flights only).

Key figures

An animated version of the environmental figures as well as of other key figures of VIG can be found in the interactive key figure overview.

To the interactive key figure overview

Environmental figures

Electricity use in kWh	34,688,249	36,459,475	31,406,102	31,226,191	37,714,981
Heating use in kWh	49,721,386	53,461,649	50,236,170	48,633,949	49,172,287
Kilometres of air travel	8,194,008	5,737,750	1,660,305	1,175,961	8,618,909
Emissions in tonnes of CO₂ equivalents	34,889	34,058	28,525	28,652	35,859
Scope 1 (direct emissions) in tonnes CO₂ equivalents	16,855	15,980	14,210	13,512	16,213
Scope 2 (indirect emissions) in tonnes CO₂ equivalents	17,065	17,405	14,136	15,022	18,714
Scope 3 (air travel) in tonnes CO₂ equivalents	969	673	179	118	932
Total energy consumption in megajoules	458,048,238	462,153,595
	2023	2022*	2021	2020	2019

^{*Including two additional insurance companies}

Office building Ringturm is EU taxonomy-aligned

Environmentally friendly
Ringturm building

In 2023, it was confirmed that the Vienna Ringturm is EU taxonomy-aligned – and therefore an officially environmentally friendly building. This is particularly remarkable since the Ringturm building was dedicated in 1955. The building is home to the headquarters of VIG Holding, Wiener Städtische and the majority shareholder Wiener Städtische Versicherungsverein. The verification required comprehensive maintenance work and ongoing improvements to the building, including district cooling, LED lighting and thermal refurbishment. Since May 2023, two photovoltaic systems have been providing electricity, with an annual output of approximately 60,000 kilowatt-hours

Press release

VIG and Wien Energie form energy community

Energy community between VIG and Wien Energie

VIG is part of the first Austria-wide Energy community

Our activities in the real estate sector reach far beyond our headquarters. VIG is aiming to generate its own renewable electricity and share it between the company’s buildings throughout Austria. In order to implement this, the VIG energy community was founded with the help of Wien Energie. In the future, the energy community will supply green energy to more than half of all VIG sites in Austria. With solar and wind
power that produces a total of around three gigawatt hours per year, the energy community offers a very high production volume. The VIG energy community is therefore not only the first Austria-wide energy community, but is also one of the most powerful energy communities in
Austria. Wien Energie is a very capable partner in this respect and provides assistance with a wide range of services. In total, Wien Energie is providing six photovoltaic systems and four wind power systems for the energy community. This figure is set to increase over the coming years. This will result in savings of around 1,300 tonnes of CO2 each year. With this move, we have taken another important step towards making VIG Holding’s real estate portfolio taxonomy-aligned.

Press release

A second life for used IT equipment

CONSERVING RESOURCES TOGETHER

The Austrian VIG companies have been a partner of AfB (Arbeit für Menschen mit Behinderung - Work for People with Disabilities) since 2011. Together, the companies conserve valuable resources and raw materials such as water, electricity and metals and reduce climate-damaging emissions. In addition, jobs are created for people with disabilities.