The Allianz Group is significantly expanding its climate strategy and has announced commitments to actively support the global change to a low-carbon economy over the coming decades. By joining the Science Based Target Initiative (SBTi) the company is setting itself long-term climate goals, which are linked to the two-degree-target of the Paris Climate Agreement.
By 2040, in a step-by-step process, Allianz will have completely phased out both its proprietary investments and its insurance coverage of coal based business models. In addition, the carbon footprint of its business operations will be reduced.
In this video, Chief Executive Oliver Bäte explains why this decision is important for the future of our planet...