Tackling climate change

Climate change is accelerating worldwide, reshaping the world around us and affecting people, businesses, and communities. Allianz’s climate strategy guides how we address climate-related impacts, risks and opportunities to drive decarbonization and climate resilience across our own-operations, insurance and proprietary investment businesses, as described below and in our Net-Zero Transition Plan and sustainability reporting.

Mitigation addresses the causes of climate change by reducing greenhouse gas emissions. Allianz supports this through the targets and actions described below.

Adaptation involves anticipating and adjusting to the consequences of climate change, such as increasing extreme weather events. Allianz supports this through risk transfer and management solutions, advisory services, sharing expertise, and public–private partnerships.

Allianz is committed to transitioning its proprietary investment and P&C insurance portfolios, as well as own operations, to net-zero GHG emissions by 2050, consistent with a maximum temperature rise by the end of this century of 1.5°C above pre-industrial temperatures, taking into account the best available scientific knowledge including the findings of the IPCC.

The Allianz Net-Zero Transition Plan outlines our net-zero ambition, 2030 intermediate targets, the levers and strategic decarbonization actions to reach out targets, taking into consideration key dependencies, complexities and assumptions.

The Supplementary Information 2026 document provides additional information on the Allianz Group Net-Zero Transition Plan, which was first published in 2023 and has been reported on annually in the Sustainability Statement of the Allianz Group Annual Report since 2024.

Taking into account the requirements introduced by the Empowering Consumers for the Green Transition Directive as of 27 September 2026, it provides further explanation of the Net-Zero Transition Plan’s scope, terminology and supporting information. This Supplementary Information does not introduce changes to the targets or commitments disclosed in the Allianz Group Annual Report 2025.

Information about the implementation of the Net-Zero Transition Plan, progress towards the targets, and subsequent updates will continue to be reported in the Sustainability Statement of the Allianz Group Annual Report. The additional information included in this document will be disclosed in the Sustainability Statement of the Allianz Group Annual Report 2026, as applicable.

The Allianz Net-Zero Transition Plan as disclosed in the Sustainability Statement of the 2025 Allianz Group Annual Report, together with the Supplementary Information 2026, has been verified by an independent third-party expert.

For further information, please contact: sustainability@allianz.com.

For further details of our Net-Zero Transition Plan and current progress of our target achievement, please see the Sustainability Statement in our 2025 Annual Report.

To deliver on our ambition, we have set key decarbonization actions encompassing  restrictions on fossil fuels, strategically steering our portfolios, engaging with stakeholders — particularly our clients and investee companies — improving energy management across our operations, and financing and insuring renewable energy and low-carbon technologies.
While our commitment to achieving our net-zero goals is independent of our involvement with membership associations, we believe that effective partnerships can promote greater transparency, faster implementation, and more equitable outcomes. Therefore, Allianz is a strong supporter of initiatives working to fight climate change, including the UN-convened Net Zero Asset Owner Alliance (NZAOA), to which Allianz is a strong contributor of leadership and expertise as founding member and chair until 2024.

Climate change is already causing economic and social challenges that will only intensify without action. Adaptation is essential to protect communities, preserve assets, and ensure resilience.

Guided by our internal purpose, “We secure your future,” the objective of our climate adaptation strategy is to support risk understanding, prevention, and resilience measures that can contribute to insurability and affordability considerations over time. By supporting resilience measures, Allianz aims to help customers and communities better understand and manage climate-related risks.

Allianz’s climate adaptation strategy focuses on expanding our internal capabilities, supporting customers, and contributing to societal resilience.
We continuously enhance our data, models and underwriting capabilities to reflect a changing climate. This involves investing in new technologies and building the right skills in our teams, including the use of AI and advanced analytics in risk modelling, to better understand and manage climate-related risks and develop risk-assessment and insurance-related solutions intended to support customer needs over time, subject to applicable products, markets, and terms.
We help homeowners and companies understand their climate risks and take effective steps to strengthen their resilience. This includes sending extreme weather alerts so customers can prepare, offering risk-assessment tools such as GloRiA for households and CAReS for businesses, and providing tailored advice on how to build resilience. We also ensure fast claims support in the event of a catastrophe and adjust insurance products, for example, by helping customers rebuild their houses stronger after an event.
We partner with public bodies, NGOs, and research institutions to improve climate risk awareness, strengthen disaster preparedness, and support communities through emergency aid and long-term resilience programs. We also provide thought leadership, share data and expertise, and support scientific research, for example through the Allianz Climate Risk Award.
To support long-term business growth aligned with selected climate-related objectives, we aim to strategically invest in and profitably grow revenues from low-carbon technologies. For example, in commercial insurance, we develop insurance offerings for low-carbon solutions and in motor retail insurance, we encourage customers to switch to battery electric vehicles. Furthermore, we have been investing in renewable energies, such as wind farms, since 2005, and now insure projects in over 70 countries worldwide.
Learn about prevention measures to reduce risk and discover tips you can apply before, during, and after extreme weather events.
Allianz’s climate risk assessment tool for companies.
Allianz’s risk assessment tool (GLORiA) for homeowners, covering floods, wildfire, earthquake and other relevant risks.
Allianz explores global climate adaptation challenges, including economic impacts, funding gaps, protection gaps and the urgency of strengthening adaptation measures at scale.
Reporting, disclosures and additional publications from Allianz.
Launched in 2017, the Allianz Climate Risk Award acknowledges and rewards young scientists whose works shed light on the nexus between climate change and the extreme weather events that threaten millions of livelihoods and present ways these populations could be better protected.
Allianz is a member of the public-private partnership that facilitates growth and development of insurance-related capabilities.