- Allianz is donating 500,000 euros to the city of Munich
- Initial aid and support in everyday life for Ukrainian refugees
- Allianz has close ties with the city of Munich
Allianz is committed to helping refugees in Munich
At the end of February, shortly after the invasion of Ukraine, Allianz SE donated 10 million euros for humanitarian purposes, of which 500,000 euros will go as a donation to the city of Munich.
"Allianz and many of its employees have close ties with the city of Munich," says Renate Wagner, Chief Human Resources Officer at Allianz Deutschland AG. "The headquarters of our Group is in Schwabing. It is therefore natural for us to support the city, but also the aid organizations involved, in dealing with this humanitarian crisis."
The donations to the city of Munich will in part be used to provide initial supplies for people who have fled the war zone. In addition, organizations and projects that support refugees in Munich in this difficult situation, including in their everyday lives, will be funded.
Many Allianz employees and tied agents also donate to the German Red Cross. Allianz matches these donations up to an amount of 2.5 million euros. "The commitment of our employees to help is very high, and I am pleased that the constantly growing donation level has already reached the first million. Many are also volunteering or providing housing and shelter for refugees. Together we are doing our best to aid both the refugees and the people in Ukraine," says Klaus-Peter Röhler, Chairman of the Board of Management of Allianz Deutschland AG.
**As of March 31, 2023
***As reported – not adjusted to reflect the application of IFRS 9 and IFRS 17.