The highest governing body for sustainability-related issues is the Group ESG (environment, social, governance) Board. Established in 2012, it currently consists of four Allianz SE Board members and the Chief Risk Officer. The Group ESG Board is responsible for integrating ESG into all business lines and core processes dealing with insurance and investment decisions.
The five members meet quarterly and assume responsibility for ESG issues such as the role of Allianz as a sustainable insurer, responsible investor and committed "corporate citizen". A special focus is on Allianz's contribution to climate protection, reducing its own carbon footprint and promoting the global transition to a low-carbon economy.