Second-Party Opinion Download

Sustainalytics has calculated the estimated impact achieved by the Green Bond issued by UNIQA Group in June 2020. Since Issuance, 202 million Euros have been allocated in the categories Renewable Energy and Pollution Prevention and Control, specifically in technologies including wind, solar and waste-to-energy. Projects are located across various European countries. For the period from June 2020 to June 2021, Sustainalytics has calculated avoided emissions of 804 kilotons of CO2eq.

Introduction

UNIQA Österreich Versicherungen AG, owned by UNIQA Insurance Group AG, is one of the largest health insurance providers in Austria, serving approximately 3.5 million customers in the country. In 2020, UNIQA issued a Green Bond and allocated the proceeds according to the Green Bond Framework published in 2020. Sustainalytics provided a Second-Party Opinion on the Bond framework proposed by UNIQA, evaluating it as credible, impactful and aligned with the Green Bond Principles 2018 (GBP).1 In June 2021, Sustainalytics provided an allocation report that summarized the allocation of the proceeds and their alignment with the UNIQA Green Bond Framework. This report has been published separately. In addition, UNIQA engaged Sustainalytics to quantify the environmental benefits of their Green Bond. Using established methodologies, Sustainalytics has estimated avoided emissions from UNIQA’s renewable energy projects. These projects include solar, wind and waste-to-energy fuels. The total size of these projects is 2,324 MW, with the majority split between solar and wind. This report presents the details of our findings, including a description of the methodology used to calculate the impacts.