Allianz named among global leaders for carbon disclosure

Allianz SE | Munich | Nov 23, 2011

The 2011 European Carbon Disclosure Project (CDP) Report was published earlier this week, complementing the Global and German reports published in the last two months. Allianz achieved its best result ever and was commended by CDP for its approach to the disclosure of climate change information.

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Press release: Carbon Disclosure Project (pdf, 28 KB)

Allianz leads the "Financials" sector in Germany and is ranked second in Europe. Globally, Allianz is amongst the top 10 percent of the largest 500 companies, placing Allianz in the global Carbon Disclosure Leadership Index 2011 (CDLI).

Companies included in the CDLI demonstrate a high level of understanding and disclosure of climate change-related risks and opportunities as well as a high level of commitment and strategic focus. In addition, Allianz has been able to demonstrate that its climate change strategy is fully integrated into the business; driving climate change initiatives of significant maturity.

"Given the risk global warming poses to the insurance industry, Allianz has a comprehensive climate change strategy to contribute to a low-carbon economy through our products and services, investments as well as our internal operations to help mitigating the impact of climate change on both customers and Allianz' own business", says Daniel Dirks, Head of Allianz4Good, Allianz Group's center of competence for corporate responsibility and sustainable development.

"By the end of 2010 Allianz offered more than 70 green products and services to its clients and had more than one billion euros invested in wind and solar parks in Europe. What is more, by the end of last year Allianz achieved its Group-wide CO2 reduction target two years ahead of schedule", Dirks concludes.