Our main objective is to continuously improve our performance and to fully implement ESG criteria in our core business activities. Therefore, we see sustainability ratings as adequate tools to promote transparency and trustworthiness towards our stakeholders.
In 2020 UNIQA took part in the annual ESG sustainability rating exercise by the ISS – Institutional Shareholder Services agency for the first time. This evaluation includes not only environmental factors but also social and governance issues, which are all reflected in the rating process. In 2020 UNIQA was awarded a rating of C–, placing us just below the threshold for the “prime” segment, from C upwards. Even the C– rating puts UNIQA amongst the top 20 per cent of all insurance companies assessed. Building on this ISS evaluation, over the next few years we plan to systematically extend the focus of our ESG programme beyond environmental measures and strengthen it further with strategic network memberships (e.g. the Finance Initiative within the UN Environment Programme).
Carbon Disclosure Project (CDP)
The Carbon Disclosure Project (CDP) is an international non-profit organization which analyses and evaluates the climate- related positioning of companies and their approach to climate risks and opportunities, using an established and recognised method. CDP has become an important international player in business and politics and collaborates intensively with the European Commission. The sought-after CDP rating provides a guiding framework for countries, organisations and companies which provides direction in the planning of ESG initiatives. In 2020 UNIQA underwent its first comprehensive evaluation and achieved a B– rating.