How we do business sustainably

We want our stakeholders to know us as a responsible and trustworthy company. As well as creating positive impact through insurance and investments, living our purpose – we secure your future – means being accountable and caring for our customers, employees, communities and the planet.

Embedding sustainability in our operations

Collaborating for a sustainable future must start from within. With more than 159,253 employees, we strive to embed sustainability in every part of Allianz – from creating a diverse workplace where people and performance matter to reducing our environmental impacts and listening to our customers.

Listening to our customers

The closer we are to our customers, the more we can be there for them in moments that matter. Listening to customers is the starting point of our journey together. Our Voice of the Customer (VoC) program applies a holistic and standardized methodology to monitor and improve customer journeys by collecting real-time qualitative and quantitative feedback. Discover how we listen to customers in section 02.5 of our Group Sustainability Report 2022.

Diversity, equity and inclusion

A thriving working environment is one that is welcoming and inclusive. We drive gender balance and promote an inclusive culture along other dimensions, such as disability, nationalities/ethnicities, generations and LGBTQ+. This is evidenced by our leading position in the Refinitiv Index for Diversity and Inclusion and in the German Diversity Index. Explore the makeup of our organization in the Allianz People Fact Book. To find out more, visit our web page on Diversity & Inclusion.

Environmental management

As part of our commitment to a sustainable future, we manage the most significant environmental impacts of our operations and aim to continuously improve our environmental performance. We strive to be a role model in delivering our own targets on environmental protection and climate change in order to influence others in our industry and beyond to do the same. Read more about our emissions and other impacts in section 02.6 of our 2022 Sustainability Report.

EXPLORE OUR GROUP ENVIRONMENTAL GUIDELINE

READ OUR EXPLANATORY NOTES

Upholding human rights

We believe in respect for human rights as a minimum standard, both within and beyond our own operations. We proactively tackle human rights issues that could be impacted by our business across all of our roles – as an insurer and investor, an employer, a corporate citizen and across our supply chain.

EXPLORE OUR HUMAN RIGHTS COMMITMENTS HERE

Tax transparency

The taxes we pay are an important part of our contribution to the economic and sustainable development of the countries in which we operate. Fair, effective and stable tax systems are beneficial for governments, companies and the wider society. As a member of the B Team – a coalition of business and civil society leaders advocating sustainable business practices – Allianz promotes the B Team Responsible Tax Principles. These provide a common framework of core principles and practical commitments for companies to demonstrate responsibility and sustainability in their tax approach. Find out more about our commitment to tax transparency in section 04.4 of our 2022 Sustainability Report. You can find our annual Tax Transparency Report in our publications.

Sustainable procurement

Our procurement processes aim to deliver best value for money for our activities, products and services while reflecting Allianz’s high sustainability standards. The goal is to develop a responsible global supply chain by collaborating with our suppliers to deliver sustainability targets and searching for more sustainable products and service.

Read more in section 02.6 of our 2022 Sustainability Report:

Work Well

The health and mental well-being of our employees is a top priority. Our goal is to maintain and improve employee health and well-being across our global workforce by providing a consistent framework with minimum requirements for all Allianz entities to support our new ways of working.

Find out more about Work Well in section 02.4 of our 2022 Sustainability Report.

Our progress in 2022

32.4 %

women on the Board of Management against our target of 25%.

-57 %

reduction in GHG emissions per employee in 2022.

100 %

of global suppliers committed to the Allianz Vendor Code of Conduct.

Committed to transparency

At this time of public debate around corporate tax behaviour, we aim to provide transparency on our approach to tax and to support others to do the same.

DOWNLOAD OUR TAX TRANSPARENCY REPORT 2022

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