Allianz announces for the first time concrete interim targets for reducing greenhouse gas emissions in its investment portfolio of policyholder funds, implementing its stated goal of climate neutrality by 2050. By 2025, emissions for selected asset classes in the portfolio of customer funds are to be reduced by 25 percent compared to 2019.
The UN-convened Net-Zero Asset Owner Alliance (AOA), of which Allianz is a founding member, has set its first target range for portfolio decarbonization until 2025. What role does this alliance aim to play in the world economy and what is the way forward?
United Nations Secretary General António Guterres has announced the Global Investors for Sustainable Development Alliance (GISD) initiative at the UN headquarters. The initiative is co-chaired by Oliver Bäte, CEO of Allianz SE, and Leila Fourie, CEO of the Johannesburg Stock Exchange.
In one of the boldest actions yet by the world’s largest investors to decarbonize the global economy, an alliance of the world’s largest pension funds and insurers – responsible for directing more than 2.4 trillion U.S. dollars in investments – has today committed to carbon-neutral investment portfolios by 2050.
The strength of Typhoon Mangkhut in Asia has shocked even veteran Allianz assessors as they work through the damages. Debris and broken, uprooted trees lay outside. With gale force winds of 173 kilometers (107 miles) per hour and gusts of up to 223 kph (138 mph), Mangkhut was stronger than Hurricane Florence that hit North Carolina recently.