By being signatories and members of a wide range of global sustainability initiatives and principles, we have the possibility to
- Incorporate best practice sustainable development principles into our activities, products, services and investments;
- Work with and learn from our peers through open dialogue and knowledge sharing;
- Collaborate to find solutions that address local and global challenges relevant to our industry and beyond; and
- Improve transparency in our own operations and across the value chain.
UN Global Compact
In 2020 UNIQA became a signatory to the UN Global Compact (UNGC) and therefore undertakes to consistently comply with the ten principles of the UNGC. The core areas covered by the UNGC are human rights, labour, environmental protection and anti-corruption efforts. The ten principles of the UNGC have additionally been incorporated into the Code of Conduct applicable throughout the Group, which reflects our corporate culture and governs our responsibilities to our customers, business partners and employees.
In 2020 UNIQA signed on to the United Nations Principles for Responsible Investment (UN PRI), which aim to integrate ESG principles into investment decisions and management. Our guidelines for responsible investments have helped us focus more strongly on sustainability factors in our investing activities. It has become clear that sustainable investments experienced lower fluctuations in value that were easier to cope with. Our prudent economic principles for action also enabled us to successfully mitigate the effects of continued low interest rates.
UNIQA has been a signatory of the United Nations Environment Programme Finance Initiative (UNEP FI) Principles for Sustainable Insurance (PSI) since 2020. The initiative serves a global framework for the insurance industry to address environmental, social and governance risks and opportunities and intends to better manage opportunities to provide quality and reliable risk protection.