In 2016, VIG began increasing its sustainability activities at the strategic level. The sustainability strategy, which was introduced in 2017, and the values as well as the mission statement go hand in hand.

Sustainability Report

An overview of economic, social and ecological concerns in the activities of VIG in 2023.

material topics, to which VIG can make the greatest contribution

The materiality analysis creates an important basis for setting strategic priorities. VIG performed its first materiality analysis in 2016. It was completely updated in 2021. Nine out of 19 potentially material sustainability topics were identified material for VIG during a systematic assessment: they are relevant to stakeholders, potentially have a major financial impact on the Group, and/or the activities of the Group can actually make a difference. These topics are:

Insurance companies are important providers of capital for national economies. VIG's investment decisions could have indirect social and environmental effects. In addition to the effects on its own portfolio, a change in investment behaviour, such as the withdrawal from coal, also has effects on the companies in which it invests. The loss of investors could make certain lines of business economically unattractive or no longer funded. For more information please see: environmental and social investment criteria

VIG’s sustainability strategy:
fivefold responsibility

Core business (incl. capital investment)

Taking responsibility in the long term and thinking in generations are core aspects of insurance. VIG insurance companies want to be able to satisfy their commitments at all times. This requires long-term stability of the Group. The Group relies on forward-looking management and profitable growth in order to remain a reliable partner for its customers in the future. At the same time, an intact society and environment are also necessary for economic success. VIG therefore aims to combine economic, social and environmental factors, or, in other words, to integrate sustainability into its core business.

Illustration showing man and woman earth and its surroundings



The priorities of the sustainability strategy for the core business include in particular forward-looking management that integrates social, environmental and governance-related factors into the business and risk strategies, as well as the investment process. This implies a recognition of human rights and strict compliance with all legal and regulatory requirements and self-imposed obligations, such as the Code of Business Ethics.

Our ambition