Diversity, equality and inclusion efforts recognized by German Diversity Index with 1st place

Our track record for top rankings in important diversity, equity and inclusion (DE&I) indices continues: #1 in the German Diversity Index, improving from last year’s strong 2nd place.

The German Diversity Index evaluates the diversity commitment of DAX 40 companies as documented in annual and sustainability reports, as well as a survey. By increasing transparency in reporting and the comparability of companies, BeyondGenderAgenda aims to advance the diversity engagement in our corporate landscape. 

- Renate Wagner, member of the Board of management, Allianz SE

Rankings are a valuable instrument to measure our progress and support us in setting the agenda, however, there is more to DE&I than good publicity. It has been shown that diversity leads to a better bottom-line – but how so? Indeed, a diverse workforce holds the potential to create a strong company culture in which everyone can fully develop their talent. Diversity in skills, opinions, and backgrounds has been proven to enhance innovation, cohesion, and quality of work. But the magic only manifests if the people in question feel their knowledge, opinions and uniqueness are valued and diversity is not a tick-box exercise. 

Instinctively, we are drawn to people who are like us. Homogenous teams feel more efficient, they progress faster and are quicker with their results. In a diverse team, it can sometimes take longer to find consensus but the results are more robust since they have been challenged from different angles involving a variety of expert backgrounds and ways of thinking. And once you have sampled working in a diverse team, you are unlikely to want it otherwise.

Building a strong culture of equal opportunity starts with us - with action and accountability. Therefore, Allianz has set itself ambitious representation targets for gender, nationalities or ethnicities, generations, LGBTQ+ and disability. Find out more details here (ADD LINK TO ARTICLE “The transformative power of diversity and inclusion”)

*The German Diversity Index is run by BeyondGenderAgenda – a network for DE&I in the German economy which currently covers the dimensions Disability, Ethnicity, Gender, Generation, LGBT+ and Social Mobility.

Refinitiv Global D&I Index: top ranking for Allianz

Allianz is the most diverse and inclusive insurance company. According to the latest Refinitiv Global D&I Index, Allianz has been ranked number 1 in Insurance and number 1 in Germany. This is the third year in a row that we have achieved this outstanding result. Furthermore, Allianz is the only insurance company in the top 100 and the only German company among the top 30!

Engagement matters: The importance of recognition and rewards

Engaged employees outperform their peers who are not as engaged, and companies with high employee engagement are more profitable. It also improves the morale in the workplace and reduces absenteeism by as much as 41 percent.

The transformative power of diversity and inclusion

Diversity in skills, opinions, and backgrounds has been proven to enhance innovation, cohesion, and quality of work. Diversity and inclusion (D&I) can also play an important role in recovery and resilience. COVID-19 has shown how dependent companies are on the diverse skills and perspectives people bring.