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

A sustainable economy requires unity and action in three key areas: prevention, adaptation, and resilience.

Oliver Bäte
Chairman of the Board of Management Allianz SE
Why it matters

For many years, Allianz has strengthened societal resilience and growth. With our expertise in prevention, insurance, and investment, we act as a trusted partner to people and businesses navigating the effects of climate and social change, supporting the transition to more sustainable economies.

Growth & Sustainability
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.​

2025

Allianz achieved strong growth of our low‑carbon solutions for commercial insurance and our broader P&C Sustainable Solutions portfolio. To learn more about our progress, explore our 2025 highlights.

Climate action

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

Our Highlights

Allianz’s Repair over Replace approach

Allianz empowers its customers with more sustainable and cost-efficient options through Repair over replace approach.

Climate risk assessments and advice for homeowners and businesses

Allianz encourages homeowners and businesses to strengthen their resilience through climate risk assessments and advice.

A healthier and more resilient ecosystem for London

Beyond our products and services, Allianz helps communities through lifesaving and disaster-preparedness skills.

Strengthening communities with lifesaving and preparedness skills

Allianz has contributed to a healthier and more resilient ecosystem for current and future generations of Londoners.

Progress in numbers

How we contributed to climate actionF

To know more about the progress we achieved in 2025, refer to our
2025 Sustainability Highlights Report
59.7%

Reduction in absolute GHG emissions in proprietary investments (listed corporates)

50.7%
2024
59.7%
2025
50%
2030 Target
68.3%

GHG emissions reduced per employee in own operations

61.5%
2024
68.3%
2025
65%
2030 Target
11
.
2
bn
Revenue from
sustainable solutions
49
.
7
bn
Investments in low-carbon solutions
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
12
.
0
hrs
Average learning hours per employee
10
.
0
bn
In total tax contribution
Our progress in numbers

How we contributed to society in 2025

Our world now

Navigating a changing planet

Nature on the brink: Why a thriving planet matters for us all

Nature loss is accelerating around the world – wildlife populations are declining rapidly, unsustainable land use is harming ecosystems, and our limited natural resources are being overexploited.
Read more

Climate change: Our responsibility to act

Climate change is transforming the risk landscape. Natural catastrophes are becoming more frequent, severe and interconnected.
Read more

Home, secure home? Weather protection both within and beyond your four walls

Home is more than just a building or the place we grew up; it’s a sense of belonging. It’s our sanctuary and a safe space we can return to, no matter what. It’s a space where we build friendships, families, make memories, and can be ourselves.
Read more
Sustainable economy and society

Balancing growth and sustainability*

*According to various models and research such as Planetary boundaries by the Stockholm Resilience Centre, Doughnut Economics by Kate Raworth, United Nations Sustainable Development, and EY Future Consumer Index

Customers, employees, investors, and governments increasingly demand a change towards a sustainable economy and society within ecological boundaries. For businesses, integrating sustainability can be a key lever to managing risks, future-proofing operations, and driving long-term value.

Social Minimum

The essential needs every person should have access to in order to live with dignity, such as clean water, healthcare, education, and decent work.

Underdelivery: If these needs aren’t met, this might result in societies struggling, and businesses facing instability.

Sustainable economy and society

The balance that can be achieved by operating within this space – meeting the social minimum without overstepping ecological barriers.

The tipping point is a threshold where small changes trigger rapid, irreversible shifts in climate, ecosystems, or society.

Ecological barriers

The natural limits that should be respected to keep the planet livable such as climate stability, biodiversity, pollution control.

Overshoot: This can happen when human activities surpass nature’s limits, causing environmental harm.
This model does not reflect Allianz.
Message from the CEO
A sustainable economy requires unity and action in three key areas: prevention, adaptation, and resilience.
Oliver Baste
Dear Reader,

The year 2025, with its geopolitical tensions and severe natural disasters, reminded us of the true interconnectedness of our world and persistent cost of-living pressures.
For many customers and communities, such issues were not merely headlines but everyday realities. These challenges underscored a fundamental truth: in a rapidly changing world, individual and societal resilience is essential, and sustainability is indispensable for this.

At Allianz, sustainability is core to our strategy. It shapes our approach to understanding and pricing risk, helps us anticipate emerging exposures, and supports our ability to preserve the affordability of insurance products, thus ensuring insurability. Without accessible insurance, disruptions disproportionately impact the most vulnerable and threaten social stability.

A sustainable economy requires unity and action in three key areas: prevention, adaptation, and resilience. Allianz supports this with risk expertise, directs long-term capital to sustainable infrastructure, and sets standards that turn our commitments into measurable outcomes.

We help our customers reduce losses and improve their resilience before and after events occur. Our Sustainability Highlights illustrate our commitment to sustainability, showcasing the actions we have taken, the business solutions we have implemented, and the progress we have achieved.

Our path forward is clear. We continue to strengthen resilience and advance our efforts, drive our productivity, preserve affordability, and create lasting value. We remain motivated and united by conviction, but measured by our actions.
Allianz empowers its customers with more sustainable and cost-efficient options through repair over replace approach.

‍Allianz is embedding sustainability into everyday claims handling by prioritizing repair over replacement. This approach reduces waste, helps to cut emissions, provides benefits to customers, while supporting skilled jobs and strengthening supply chain resilience.

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In the UK, Allianz leads the way with its innovative use of “green parts”—certified, manufacturer-matched components salvaged from vehicles for non-safety-critical repairs. Through its Approved Repairer Network and the digital mygreenparts platform, Allianz helps maintain quality, speeds up repair times, and minimizes environmental impact. The partnership with the UK charity AutoRaise further reinforces this engagement by investing in specialized training and apprenticeships to address the industry’s skills gap and support the future of sustainable repair practices. Allianz insurance in Germany has launched a pioneering initiative in collaboration with key providers of the whole value chain to place suitable used parts from total write-offs back on the market.

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Undamaged parts can be 
 reused—turning a problem into a solution and proving that the circular economy can work for automotive repairs.Allianz Partners applies the same principle to consumer electronics and household appliances, offering insurance and extended warranty solutions that prioritize repair over replacement.

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Through a network of over 300 contracted and certified repair centers across Europe, Allianz Partners provides fast, reliable repairs for mobile devices, gadgets, and home appliances—helping customers save money and reduce waste, while actively supporting the European Union’s sustainability goals.

Allianz encourages homeowners and businesses to strengthen their resilience through climate risk assessments and advice.

Allianz encourages homeowners and businesses to strengthen theirresilience through climate risk assessments and advice. ‍


Allianz’s Global Risk Assessment (GloRiA) tool allows users to evaluate climate-related risks for their home address, free of charge, via participating Allianz company websites worldwide. GloRiA assesses risks from floods, storms, hail, wildfires, and earthquakes and other relevant perils. The online risk rating is complemented by checklists and videos that guide users on protective measures for themselves and their assets.

For corporate customers, Allianz Commercial launched Climate Adaptation & Resilience Services (CAReS) in 2025. This tool helps companies assess the impact of natural perils on business locations, key suppliers, or planned investments across various time horizons and climate scenarios. CAReS offer afee-based assessment tool paired with tailored consultancy services to help companies in proactively managing and mitigating climate risks.

‍

Allianz has contributed to a healthier and more resilient ecosystem for current and future generations of Londoners.

Allianz played a key role in the successful completion of the Thames Tideway Tunnel, a 25 km sewer system designed to prevent millions of tons of untreated sewage from entering the River Thames each year. This landmark project significantly improves water quality, safeguards biodiversity, and enhances public spaces along the river—delivering long-term environmental and social benefits for London.

As a long-term infrastructure investor, Allianz provided financing and risk expertise that ensured the project was delivered on time and within budget, successfully navigating inflation, pandemic disruptions, and complex construction conditions. By enabling critical environmental infrastructure,Allianz showcases how sustainable investment can drive cleaner water ways, healthier ecosystems, and more resilient urban environments for generations to come.

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Beyond our products and services, Allianz helps communities through lifesaving and disaster-preparedness skills.

Beyond our products and services, Allianz helps communities through lifesaving and disaster-preparedness skills.

Allianz aims to contribute more to the preparedness and long‑term recovery of the communities where we operate—enabling individuals and families with practical, life‑saving skills that make a difference when emergencies strike.

In Thailand, Allianz Ayudhya’s MoveNow Heroes initiative equips young people with essential life‑saving skills, including CPR, Automated External Defibrillator use, first aid, and emergency‑escape techniques. The program has already reached 300 beneficiaries, helping children and youth develop the confidence to act in critical moments.Through a partnership with Teach for Life, employees and sales volunteers bring these skills directly into schools across Bangkok and surrounding areas.

Allianz Malaysia, together with the MalaysiaInternational Search and Rescue team, trained 149 participants in 2025 through the Flood Emergency & Sinkhole Survival Program. The training covers 18 hands‑on modules, such as emergency‑bag preparation, drowning CPR, float‑to‑survive techniques, and evacuation procedures for vulnerable groups. This initiative reflects AllianzMalaysia’s ongoing work to strengthen disaster preparedness and community safety through accessible, practical public training.