As governments, civil society organizations, businesses, and other stakeholders around the world meet in Egypt during COP27 to seek renewed solidarity in the fight against climate change, it is important to remind ourselves that the old adage think globally, act locally still carries within itself a powerful message about the role local communities can play in this global fight for a more sustainable world. Since climate change is a systemic issue that forces us to grapple with systemic causality, local actions can exert a big impact on a global scale.
In response to these global perils and to accelerate the company's societal impact by expanding our strategy to every country we operate in, Allianz has launched its Social Impact Fund in 2017. It is the Group’s key program that offers a strategic opportunity for the company’s worldwide operating entities (OEs). They can receive funding for their local corporate citizenship activities that goes beyond mere charitable donations, focusing on creating measurable impact and inter-sectoral partnerships.
For the 2021-2022 funding cycle, 27 applications from across the Group were received, of which, 16 projects received the funding. More than half a million euros was distributed across the 16 projects in total.