Tackling climate change

As one of the world’s largest insurers and investors, we’re committed to help limit global warming and fostering a just transition to a low-carbon future. We seize opportunities to drive decarbonization and climate resilience through our resources, partnerships, expertise and influence.

Climate change poses enormous social and financial risks to our clients and society. As a global financial services and insurance company, we have a vested interest in contributing to the decarbonisation of the global economy, being part of the solution and integrating climate-related risks and opportunities into our core business.

Allianz is committed to making its insurance business and the investment of proprietary assets carbon neutral by 2050. Emissions from business operations are to be reduced by -65% (baseline 2019) by 2030. In September 2023, Allianz published its own first, very ambitious transition plan, including intermediate targets for 2030 and an overview of how to achieve them. As this is the crucial decade, Allianz has decided to focus even more of its resources on this implementation.

While our commitment to achieving our net-zero goals is independent of our involvement with membership associations, we believe that effective partnerships can promote greater transparency, faster implementation and more equitable outcomes. Therefore, Allianz is a strong supporter of initiatives working to fight climate change. Allianz in the past was, among others, a member of the UN-convened Net Zero Insurance Alliance (NZIA) and today continues to focus on the work of the UN-convened Net Zero Asset Owner Alliance (NZAOA), to which Allianz is a strong contributor of leadership and expertise as founding member and chair. The NZAOA published its 3rd Progress Report in October this year, showing that very ambitious targets can be achieved and that absolute emissions are already falling.

Our climate change strategy is built around the three pillars, through which we can have an impact: Anticipate. Care. Enable.
The plan substantiates our long-term strategic climate commitment to achieve net-zero emissions by 2050 in our proprietary investment and P&C underwriting portfolios. 
As one of the world’s largest insurers and investors, we’re committed to limiting global warming and ensuring a fair transition to a low-carbon future.
Allianz Sustainability Report 2023
The cover image of the Allianz Sustainability Report 2023
Group Environmental Guideline
Explanatory Notes
A home is a place where small changes can be a part of making a big difference. From what we eat and the energy we use, to how we manage waste or choose which household products buy. 
 
For Samar, seeing the impact of environmentally-friendly changes in her own life helped her improve sustainability initiatives at Allianz Egypt. This is Samar’s Green Moment. Tell us yours.
A more sustainable diet is just one small way to make a bigger contribution to protecting our planet and reducing emissions.
 
For Egmont, a change to his weekly food shop led to a transformation in Allianz’s canteens. This is Egmont’s Green Moment. Tell us yours.
The way we move matters for sustainability. From taking public transport or riding a bike, to using electric vehicles alternatives – many of us are making efforts to live greener.
 
For Franz, a change to his daily commute had an electrifying impact on travel at Allianz. This is Franz’s Green Moment. Tell us yours.
Allianz has been investing in renewable energies since 2005. Michelle, responsible for setting the strategy for renewable energies investments, is proud to support the energy transition, making a difference on a very large scale, while Cristina, who sources renewable energy projects, is grateful to have the opportunity to invest in accordance with her personal sustainability beliefs. These are their contributions to a future free from fossil-fuels. Tell us yours.
Oliver Baete, CEO of Allianz SE
Chief Executive Officer
Allianz SE
Line Hestvik
Chief Sustainability Officer
Allianz SE
Barbara Karuth Zelle
Member of the Board
Allianz SE
Günther Thallinger
Member of the Board
Allianz SE
Cheif Economist, Allianz SE
Chief Economist
Allianz SE
Matt Christensen, slight smile, looking straight at the camera.
Global Head of Sustainable and Impact Investing
Allianz Global Investors