Warning: You are using an outdated Browser, Please switch to a more modern browser such as Chrome, Firefox or Microsoft Edge.

Allianz goes for 100% renewables 

Allianz joins RE100 with a target to source 100% renewable electricity across its global operations by 2023.
Allianz RE100

What is RE100?

RE100, led by The Climate Group in partnership with CDP, is a collaborative, global initiative that unites more than 150 influential businesses committed to 100 percent renewable electricity to increase the demand for and delivery of renewable power.

What is the Allianz Group’s target under RE100?

Our goal is to source 100 percent of our global electricity needs from renewable sources by 2023.

What is in the scope of the commitment?

In scope is all electricity all entities of Allianz Group need for the office buildings and data centers we use for our operations. 

Why is Allianz joining the RE100 initiative now?

As an insurer, we are exposed to climate change in two ways: through policies covering damage caused by natural disasters and as large-scale institutional investors with significant stake in affected economies.

In 2018, we committed to reducing our carbon footprint long-term in line with climate science. As part of our climate change strategy, we are investing in and insuring renewable energy. Therefore, switching to 100 percent renewable electricity for our operations is a logical extension. 

What is the biggest challenge Allianz will face?

As an international business with operations in over 70 countries, we are aware that we will not find readily available renewable power supply in all these countries. To overcome this, we will use collaboration and good practice exchange with peers and other stakeholders.

What else is Allianz doing to reduce its carbon footprint?

Most material emissions from our own operations are due to energy consumption, business travel and the use of paper. To focus our efforts, we have committed to reducing carbon emissions by 30 percent per employee by 2020, against a 2010 baseline.
AllianzGI joins the Net Zero Asset Managers Initiative

Recognizing the urgency to tackle climate change, AllianzGI announces its commitment to support the goal of net zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit warming to 1.5°C, by joining the Net Zero Asset Managers initiative.

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

Allianz announces for the first time concrete interim targets for reducing greenhouse gas emissions in its investment portfolio of policyholder funds, implementing its stated goal of climate neutrality by 2050. By 2025, emissions for selected asset classes in the portfolio of customer funds are to be reduced by 25 percent compared to 2019.

Asset Owner Alliance: Towards Net-Zero 2050

The UN-convened Net-Zero Asset Owner Alliance (AOA), of which Allianz is a founding member, has set its first target range for portfolio decarbonization until 2025. What role does this alliance aim to play in the world economy and what is the way forward?