Products & Services
Search
Products & Services

Allianz drives value creation through continued execution and progress of climate strategy

Allianz SE | Munich | Mar 17, 2025

  • Sets the standard for transparency and accountability: First fully CSRD-compliant Annual Report with reasonable assurance audit published
  • Strengthened business and customer resilience: Achieved meaningful emissions reductions across insurance and proprietary investment portfolios, and own operations in 2024 
  • Drives business growth: Increased sustainable investments and expanded sustainable solutions in the Property & Casualty business reflect progress in customer transition efforts

In Fiscal Year 2024, Allianz executed its sustainability agenda to drive business growth as well as its own resilience and that of its stakeholders. This progress is documented in the company’s audited and for the first time fully CSRD-compliant Annual Report, which sets a benchmark for the insurance industry in its transparency, comparability, and accountability in tracking sustainability targets and progress against its goals. 

Across all key areas outlined in the Allianz Net-Zero Transition Plan – insurance, proprietary investment portfolios, and own operations – the company achieved further reductions in greenhouse gas (GHG) emissions. Allianz also continued to expand its business with sustainable solutions and investments: In 2024, Allianz’s sustainable investments grew 2.7% to €171.9 billion, an increase of €4.5 billion. Additionally, revenue from sustainable solutions in the Property & Casualty (P&C) business reached €4.9 billion, reflecting an increase of €1.9 billion compared to the previous year.

Günther Thallinger, Member of the Board of Management of Allianz SE, Investment Management, Sustainability: “Our environment is marked by manifold challenges – value loss due to inflation, sluggish economic development, as well as sustainability agendas that are critically reviewed in some sectors and countries. At Allianz, we remain steadfast in our views and our ambitions. We have made concrete progress on our intermediate 2030 targets, contributed to Allianz’s P&C growth and investment performance, supported communities, and worked as a unifying force, bringing together diverse stakeholders to explore ways to turn today's challenges into opportunities. We are convinced that jointly, we will create a more resilient future for us all.”

Higher resilience from advanced environmental responsibility

Allianz made significant strides in advancing environmental responsibility and sustainable business practices. In 2024, Allianz reduced absolute carbon emissions in motor retail insurance by 6.8% and lowered GHG emissions in the commercial insurance portfolio by 11.7%, both measured against a 2022 baseline. Additionally, Allianz achieved a 50.7% reduction in absolute GHG emissions in its proprietary investments (listed corporates) against a 2019 baseline. Furthermore, Allianz achieved a 61.5% reduction in GHG emissions per employee in its own operations compared to the 2019 baseline. These achievements demonstrate Allianz’s strategic approach to environmental stewardship, enhancing both business resilience and long-term value creation.

Customers’ transition supported by sustainable solutions

Allianz offers an increasing number of products and services that contribute to one or more environmental, social, and/or governance objectives. With these sustainable offerings, the company helps its customers to transition to more sustainable business practices and lifestyles. For example, Allianz Trade, the trade credit insurance provider, launched Surety Green2Green, an innovative solution that reinforces sustainable project development. Customers receive surety bonds that secure the completion of their sustainable projects in areas such as renewable energy generation and green infrastructure. The premiums collected are allocated to green bonds, creating a circular model that continuously supports sustainable progress. These milestones further solidify Allianz's role in the transition to more sustainable economies. 

Creating positive impact for employees and communities

Beyond its environmental efforts, Allianz remains dedicated to supporting both its employees and the communities it operates through several key initiatives. Allianz has expanded learning opportunities for employees, leading to an increase in average learning hours per employee to 60.1 – an improvement of 10.1 hours compared to 2023. Additionally, Allianz contributed €33.3 million to corporate giving, supporting non-profit partners, disaster relief efforts, and other charitable causes, demonstrating its dedication to making a positive impact in the communities it serves.

Emilia Macarie, Chief Sustainability Officer, Allianz SE, says: “2024 has been a challenging year, with severe natural catastrophes making it the third most expensive year on record for insurers globally. Yet, less than 50% of these losses were insured, highlighting that the impact extends beyond us, insurers – it affects businesses, individuals, and society at large. Beyond physical risks, transition risks are also growing. Despite these challenges, at Allianz we have stayed the course on our sustainability commitments, integrating them into our business, and demonstrating resilience, as reflected in our results. Looking ahead, we remain focused on delivering on our strategy, driving credible progress, and protecting and growing our customers’ assets through innovative solutions and adaptation measures. At the same time, we continue to support our employees and create value for our shareholders.‘‘

Looking ahead to a sustainable and resilient future

Allianz is poised to continue its sustainability journey, with intermediate goals set for 2030 and beyond. The company will focus on expanding sustainable product offerings and deepening community partnerships, to enhance resilience and protect the assets of its customers, employees, partners and the society as a whole. 

Media Contacts

Heidi Polke
Allianz SE
+49 89 3800 90777
Send email
Zsofia Wolken
Allianz SE
+49 89 3800 3106
Send email

Further information

Media Center

About Allianz

Last updated: March 31, 2026

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, including property, life and health insurance, as well as assistance services, credit 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 770 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.

* As of December 31, 2025. Customer count reflects Allianz customers in consolidated entities that are part of the customer reporting scope only

 

Cautionary note regarding forward-looking statements

As with all content published on this site, these statements are subject to our cautionary note regarding forward-looking statements:

Related stories

Choose an element

Choose an element

Choose an element

Choose an element

Choose an element

654 results

Aug 05, 2026 | Mergers & Acquisitions, Media release, Asset Management

Allianz Global Investors accelerates growth path in Asia Pacific with acquisition of UOB Asset Management

Agreement includes strategic distribution partnership with UOB to broaden suite of investment products and wealth solutions for their clients • Combined investment business will be well placed to deliver a market-leading client experience for investors across South-East Asia • Deal significantly deepens AllianzGI’s presence in Singapore, a long-standing and strategically important market for the firm • Provides established, on-the-ground, licensed presence in high growth markets in the region, including Thailand, Malaysia and Vietnam • UOBAM’s complementary, strong South-East Asian investment expertise will enrich AllianzGI’s investment platform, creating new product opportunities for clients globally

Jul 31, 2026 | Article, Mobility

Autonomous mobility in the US, China, and Europe: a regional comparison

The article explores autonomous mobility's regional strategies and challenges in the US, China and Europe. Learn how safety and trust shape the future.

Jul 30, 2026 | Mergers & Acquisitions, Media release

Allianz to terminate PIMCO M Unit Plan and purchase M Units

Allianz today announced that it has exercised its right to terminate the legacy PIMCO employee equity plan (M Unit Plan) and will purchase outstanding PIMCO M Units for cash.

Jul 24, 2026 | Media release, Corporate Management

Allianz SE announces Board of Management changes

The Supervisory Board of Allianz SE and Günther Thallinger have mutually agreed that Mr. Thallinger’s term as member of the Board of Management will conclude on December 31, 2026.

Jul 24, 2026 | Mergers & Acquisitions, Media release, Life & Health

Allianz to acquire HSBC Life Singapore and enter a new long-term distribution partnership with HSBC Singapore

Allianz to acquire HSBC Life Singapore, a composite insurer with a strong presence in the local life and health insurance market • Allianz and HSBC Singapore will enter into an exclusive 15-year distribution agreement that extends a successful existing partnership with HSBC across Asia Pacific • Customers in Singapore will benefit from broadened access to best-in-class protection, health, retirement and wealth solutions from Allianz’s global product offerings

654 results