CEO Message

Sustainability at Allianz

On a joint path
Message from the CEO

We are motivated by our goals and convictions but defined by our actions.

Oliver Bäte
Oliver Bäte
Message from the CEO

We are motivated by our goals and convictions but defined by our actions.

Oliver Bäte
Chairman of the Board of Management Allianz SE
Our Journey

Sustainability Through Time

1992

Allianz joins the United Nations Environment Programme Finance Initiative (UNEP FI).​

2002

Allianz signs the United Nations Global Compact.​

2005

Allianz implements its climate change strategy.​

2009

Allianz issues its first Group Sustainability Report.​

2011

Allianz signs the UN-supported Principles for Responsible Investment (PRI).​

2012

Allianz establishes its first Group ESG Office and board.​

2014

Allianz signs the UN Principles for Sustainable Insurance (UN PSI).

2015

Allianz publishes its Statement on coal-based business models.

2019

Allianz chairs the newly established  UN-Convened Net-Zero Asset Owner Alliance.​

2021

Allianz establishes Global Sustainability as its own Group Center and appoints its first Chief Sustainability Officer.​

2022

Allianz publishes its Statement on oil and gas business models.

2023

Allianz publishes its Net-Zero Transition Plan with 2030 intermediate targets and releases a Statement on renewable/low-carbon energy; additionally, the company achieves 100% renewable power for its offices and appoints its first Chief Human Rights Officer.​

2024

Allianz publishes its first CSRD-compliant (Corporate Sustainability Reporting Directive) Sustainability Statement in the Allianz Group Annual Report. To learn more about our progress, read our 2024 Highlights.​

Ambition for the future

Road to Net-Zero

Watch the video

Our Net-Zero Transition Plan

Our Net-Zero Transition Plan

We have set 2030 intermediate targets for our proprietary investment and property & casualty insurance portfolios, and own operations, with multiple decarbonization levers and actions to achieve them.

Emission reduction targets

These are informed by IPCC 1.5°C climate scenarios and by credible industry-led approaches.

Growth of low-carbon solutionsC

This refers to scaling up support for insuring and investing in low-carbon technologies.

Decarbonization Actions

These refer to strategically steering our portfolios, engaging with insurance clients, investee companies, and our supply chain, and improving energy management across our operations, among others.

Governance

This refers to our climate strategy being anchored to our well-defined sustainability governance and group-wide corporate rules. Ultimate responsibility for all matters relating to sustainability resides with the Board of Management of Allianz SE as the Group’s parent company.

Property & Casualty insurance

Lowering emissions in motor and commercial insurance to accelerate net-zero.

Emission reduction targets

Commercial clients: We aim for -45 % GHG emission intensity reduction by 2030 vs 2022.A

Motor retail: We target 30 % absolute carbon emission reduction by 2030 vs. 2022 in nine key markets.B

Engagement

We target engagement with selected commercial clients in high-emitting sectors who have not yet developed science-based net-zero strategies for 2050. We also aim to conduct Transparency Engagements with customers on emissions reporting and on decarbonization strategies.

We also aim to engage with 20 million current and potential customers by 2030 to support their transition to electric mobility.

Growth of low-carbon solutions

Commercial: We aim to profitably grow revenues in coverages related to low-carbon solutions by 150 % by 2030 compared to 2022.D

Motor retail: We aim by 2030 to exceed the share of battery-electric vehicles (BEVs) in the Allianz motor portfolios compared to the share of BEVs in the respective in-scope markets.

Proprietary investment portfolio

Lowering emissions through decarbonization and low-carbon investments

Emission reduction targets

Corporates: We aim for 50 % reduction in absolute GHG emissions by 2030 vs. 2019 for listed corporates (corporate bonds and public equity).

Further, we target -50 % GHG emission intensity by 2030 vs. 2019 for listed and non-listed corporates.

Real Estate (equity and debt): we align with the Carbon Risk Real Estate Monitor 1.5°C pathways to achieve our 2030 targets.

Engagement

We have a systematic engagement approach across all types of engagements: bilateral, multilateral, and asset manager.

We aim to engage with all external asset managers considered “below expectations” based on systematic assessment.

We aim to participate in 15 multilateral engagements, with a focus on climateE and to engage bilaterally with an additional 15 portfolio companies among the top 100 portfolio emitters.

Bilateral engagement with additional 15 portfolio companies among the top 100 portfolio emitters.

Sector targets

We have emission targets for high-emission sectors: Oil & Gas, Utilities, and Steel.

Growth of low-carbon solutions

We aim to increase investments in low-carbon solutions by at least € 20 bn by 2030 vs 2023, subject to market environment and constraints.

Own operations

We’re reducing our carbon footprint in our own operations through renewable energy, energy efficiency, and green mobility.

Emission reduction targets

We aim for 65 % reduction in GHG emission intensity per employee by 2030 vs. 2019.

Engagement

Our target is to ensure that 100 % of global framework vendors – i.e., vendors providing products and services for Allianz globally – have made a public commitment to net-zero GHG emissions in line with a 1.5°C path by 2025.

Growth of low-carbon solutions

Renewable energy: We have been sourcing 100 % renewable electricity (RE) for our group-wide operations and data centers since 2023.
Energy Efficiency: We aim for 50 % reduction of energy consumption in office buildings per employee by 2030 vs. 2019.
Mobility: We target 60 % GHG emissions reduction from business travel (excl. fleet) by 2030. Further, we committed to transition 85 % of our corporate fleet to a green fleet by 2030.

Highlights

Green bonds meet financial security

Windfarm
Allianz Trade's Surety Green2Green supports the shift to low-carbon tech by issuing surety bonds for sustainable projects. Premiums fund certified green bonds, creating a circular model that aligns financial security with a sustainable infrastructure.
Windfarm

Highlights

Allianz Türkiye runs on renewables

Solar panel installer
Since 2023, Allianz Türkiye has run on 100% renewable electricity, steadily expanding self-generation with solar panels and wind turbines at their locations since 2018.
Solar panel installer

Highlights

Empowering students with entrepreneurial skills

School teacher
Allianz and Stifterverband für die Deutsche Wissenschaft e. V. advanced entrepreneurship education in Germany, integrating it into five universities, uniting 72 institutions, and securing policy support.
School teacher
Our Progress in Numbers

How we contributed to society in 2024

150
.
0
bn
Sustainable investments
23
.
0
bn
Low-carbon solutions investments
15
%
Revenue growth from insurance
of low-carbon solutions
40
.
0
Average learning hours per employee
15
.
0
mn
Corporate giving in support of non-profit partners, disaster relief efforts and other charitable purposes
Why it matters

Sustainability is more than just a challenge, it is an opportunity – it is our future​. It is a pathway to a more resilient economy and a higher quality of life.