Allianz is phasing out coal

 

Aware of the two-degree-target of the Paris climate negotiations as well as the economic risks involved, CEO Oliver Bäte announced that Allianz will stop financing coal-based business models. It will no longer invest in companies that derive more than 30 percent of revenue from coal mining or generate over 30 percent of their energy from coal.


Andreas Gruber, Chief Investment Officer of Allianz, is giving a statement on German television ZDF (available in German only)

Climate protection will become part of our core business

As with all content published on this site, these statements are subject to our Forward Looking Statement disclaimer:

 

Disclaimer

Nicolai Tewes
​Allianz SE
Phone: +49.89.3800-4511
Send email

Jan 19, 2021

Allianz Risk Barometer 2021: Lessons from Covid-19

read more

Jan 14, 2021

Allianz sets climate targets for specific asset classes in the insured portfolio and strategically expands sustainability

read more

Jan 11, 2021

Allianz begins eight-year worldwide Olympic & Paralympic partnership

read more