Addressing climate risk: collaborative response essential for fulfilling individual fiduciary responsibilities
In a recently published op-ed for the United Nations Environment Programme Finance Initiative (UNEP FI) convened Net-Zero Asset Owner Alliance (NZAOA), Allianz Board Member and NZAOA Chair Günther Thallinger explained asset owners’ work when it comes to protecting the best interests of their stakeholders. Insuring that an asset owner’s portfolio is indeed aligned with net zero—across all asset classes and all markets—is no simple feat. For example, measurement of companies’ scope 3 data remains sparse and unreliable. That’s where collaboration proves essential. As part of the Alliance, members contribute to and benefit from industry-leading decarbonisation methodologies as well as from opportunities to impactfully raise the need for comprehensive climate reporting, for example, with both corporates and policymakers.
You can read Günther Thallinger’s op-ed here.
About Allianz
The Allianz Group is one of the world’s leading insurers and asset managers, active in almost 70 countries and serving around 97 million private and corporate customers*. Our customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Recognized for the seventh consecutive year as the number one global insurance brand in Interbrand’s Best Global Brands 2025 ranking, Allianz’s success is built on technology-enabled customer centricity – providing peace of mind, protection, and prevention for our customers and strengthening the resilience of individuals, communities, and societies. We are one of the world’s largest investors, managing around 764 billion euros** on behalf of our insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 2.0 trillion euros** of third-party assets. Thanks to our systematic integration of environmental and social criteria in our business processes and investment decisions, Allianz received an MSCI ESG Rating of AAA (as of March 2026). In 2025, our 156,000 dedicated employees achieved a total business volume of 186.9 billion euros and an operating profit of 17.4 billion euros for our shareholders.
* Customer count reflects Allianz customers in consolidated entities that are part of the customer reporting scope only.
** As of December 31, 2025.