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Group Communications &
Corporate Responsibility

Allianz SE
Königinstraße 28
80802 Munich

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A detailed glossary of terms and acronyms used in this Sustainable Development Report

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Asset Management

The management of a client's investments by a financial services company.


Assets under Management (AuM)

The total of all investments, valued at current market value, which the Group has under management with responsibility for maintaining and improving their performance. In addition to the Group’s own investments, they include investments held under management for third parties.


Carbon Disclosure Project

Carbon Disclosure Project is an independent not-for-profit organization that collects climate-relevant information from companies on behalf of analysts and investors and holds the largest collection globally of self reported climate change data. The Carbon Disclosure Leadership Index (CDLI) has been published as part of the Carbon Disclosure Project since 2007. Criteria for the CDLI ranking comprise the level and quality of disclosure of climate-relevant data and reporting on long-term climate strategy, ambitious objectives and specific achievements in reducing greenhouse gas emissions. The new Carbon Performance Leadership Index (CPLI) introduced in 2010 evaluates the efforts of around 500 large companies to reduce CO2 emissions.


Carbon Footprint

Carbon Footprint is the sum of greenhouse gas emissions, measured in CO2 equivalents, for a specified entity, e.g. a company, the life cycle or partial life cycle of a product, or a service.



A parameter to describe the effect of greenhouse gas emissions. A factor known as the global warming potential (GWP) shows the effect of the individual gases compared with CO2 as the reference value.


Code of Conduct

A formal statement outlining the values and principles of an organization, which can exist in various formats. The Allianz Code of Conduct both expresses and further shapes the corporate culture of responsibility by upholding the everyday business principles Allianz has developed over time. The Code forms the basis of all other principles and policies and defines corporate behavior for Allianz employees worldwide.



Compliance is an important element of corporate governance. It refers to the company’s behavior in accordance with laws, guidelines and voluntary codices.


Corporate Citizen

Term denoting the status of a company as a responsible member of society. Corporate citizenship is often employed as a synonym for corporate social responsibility, a concept which enables companies to position themselves as "good citizens."


Corporate Giving

Corporate Giving is an overarching term for the ethically-motivated, altruistic monetary or material donation as well as free of charge commitments or donations of corporation performance, products and logistics.


Corporate Governance

Corporate governance refers to the legal and factual framework for managing and monitoring companies. Corporate governance rules serve to provide transparency and thus strengthen confidence in responsible management and control geared to the creation of value.


Corporate Volunteering

Company activities promoting the voluntary social involvement of employees.



Designates the variation within the workforce in terms of gender, origin, nationality, age, religion and physical limitations.


Dow Jones Sustainability Indexes (DJSI)

The Dow Jones Sustainability Indexes track the financial performance of the leading sustainability-driven companies worldwide, and provide asset managers with reliable and objective benchmarks to manage sustainability portfolios. Companies included in the DJSI must meet stringent criteria. The annual review of the DJSI family is based analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, branding, climate change mitigation, supply chain standards and labor practices.



ESG stands for Environment, Social and Governance. Indicators in these areas are playing an increasingly important role in assessing companies’ achievements in the field of sustainability.



FTSE4Good stands for a group of stock indexes that are published by FTSE, a joint project of the Financial Times and the London Stock Exchange. Only those companies are listed in FTSE4Good indexes that meet certain corporate social responsibility (CSR) criteria. These indexes help institutional investors and other investors make decisions in the area of responsible investments. They also provide a basis of comparison for companies that count as leading companies in terms of CSR or that want to improve their position further.


Global Reporting Initiative (GRI)

The Global Reporting Initiative (GRI) has developed guidelines to help companies report regularly on their social, environmental and economic performance. The aim behind these guidelines is to make sustainability reports more complete, transparent and comparable and thus raise their level to that of financial reports. The GRI organisation was founded in 1997 as a joint initiative of the American non-governmental organisation Coalition for Environmentally Responsible Economics (CERES) and the United Nations Environment Programme (UNEP) and has its headquarters in Amsterdam, The Netherlands. Reorganised as an independent, non-profit organisation in 2002, the GRI functions as a multi-stakeholder network that is comprised of many experts who are involved in the continued development of the GRI standard around the world. The Sustainability Reporting Guidelines are the cornerstone of the GRI framework.



Efficiency-raising and resource-conserving measures in the information and communications technology sector for reducing greenhouse gas emissions.


Greenhouse Gas Protocol (GHG Protocol)

The Greenhouse Gas Protocol, used by companies from different sectors, NGOs and governments, is a globally recognized standard to quantify and manage greenhouse gas emissions. The reporting standards and recommendations for the implementation of projects to reduce emissions are jointly developed by companies, governments and NGOs under the guidance of the World Resources Institute and the World Business Council for Sustainable Development.


International Standard on Assurance Engagements 3000 (ISAE 3000)

ISAE 3000 is published by the International Audit and Assurance Standards Board (IAASB). It provides guidelines for comprehensive audits, which contain non-financial data, for example for the audits of sustainability reports.


Materiality analysis

Allianz uses materiality analysis to analyze and evaluate societal interest in sustainability topics as well as their potential significance for the company. The aim is to develop strategies at an early stage to address potential new risks and opportunities. A variety of stakeholders participated in the analysis, the results of which are portrayed in a materiality matrix.



Insurance providing poor population groups, especially in developing countries, with protection against basic risks such as illness, disability, consequences of natural disasters or unexpected crop failures.


Non-Governmental-Organisation (NGO)

Civil society organisation. The term was introduced by the United Nations to make a distinction in political processes between civil society representatives and government representatives.


Societas Europaea (SE)

The legal form of the Societas Europaea (Latin for "European Company") allows European companies incorporated in different member states to merge or form a holding company or joint subsidiary, while avoiding the legal and practical constraints arising from the existence of 27 different legal systems. An SE can be registered in any EU member state, and the registration can be easily transferred to another member state.


Solvency II

Project of the European Commission to fundamentally reform and harmonise European insurance supervisory regulations. Solvency II follows the three-pillar approach: minimum capital requirements (quantitative), supervisory review processes (qualitative) and market discipline (disclosure).



The term refers to persons or groups whose interests are interlinked with those of a company in a variety of ways. Allianz’ stakeholders include customers, employees, the investment community, government, suppliers, business partners and society.


Sustainable and responsible investing (SRI)

Sustainable and responsible investing describes an investment strategy which incorporates social, environmental and ethical criteria in the selection and management of investment portfolios.



The objective of sustainable development is to meet the economic, environmental and social needs of society without harming the development opportunities of future generations.



The United Nations Environment Programme was founded in 1972 and is based in Nairobi, Kenya. UNEP is a suborgan of the UN General Assembly.


UN Global Compact

This global pact represents an agreement between companies and the United Nations. It calls upon transnational companies to participate in sustainable globalization in a constructive, responsible manner. Companies participating in the UN Global Compact have undertaken to engage in responsible business practices based on compliance with minimum social and ecological standards, and to document their company’s commitment in this area. These standards have been encapsulated in 10 principles based on the areas of human rights, labor, environment and anti-corruption.

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Why we do it

Dialogues with our stakeholders help us to find solutions to global and local challenges. We protect natural resources, the environment and contribute to a low-carbon economy.

Sustainability Report 2016

Allianz - Allianz_Group_Sustainability_Report_2016-low

Read more about sustainable development at Allianz in our full PDF report.

Report 2016