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Our Corporate Responsibility Governance

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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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The Group ESG Board is responsible for integrating ESG into all business lines and core processes dealing with insurance and investment decisions. It also leads on associated stakeholder engagement. 

The highest governing body for sustainability-related issues is the Group ESG Board. Established in 2012, it consists of three Allianz SE Board members who meet quarterly. The Group ESG Board is responsible for integrating ESG into all business lines and core processes dealing with insurance and investment decisions. It also leads on associated stakeholder engagement. The three Board members assume responsibility for specific sustainability topics and functional departments provide regular updates on sustainability issues directly to the Board.


Allianz - ESG_Board_Members

In addition to the Group ESG Board, several committees with Board member leadership play an important role in our decision-making processes:

Group Finance and Risk Committee: oversees risk management and monitoring, including sustainability risk. The Committee is the escalation point for ESG-related topics, based on analysis and deliberations within the ESG Board.

Group Underwriting Committee: monitors the underwriting business and its risk management, as well as developing new underwriting policy and strategy.

Group Investment Committee: monitors the Group’s investment policy.


Our Group-level Corporate Responsibility management team is responsible for managing the strategic framework for all Group-wide sustainability activities, developing and introducing relevant policies, and supporting operating entities in integrating the Group’s strategic approach and policies.

In January 2016, we merged our Group sustainability management function, which was previously made up of two Centers of Competence (Allianz4Good and the Group ESG Office) into a single Corporate Responsibility function. To strengthen the link between climate and environmental topics, the Environmental Management function now sits within Allianz Re, working closely with Allianz Climate Solutions - our center of excellence on climate change and responsible for the implementation of the Allianz climate change strategy and related activities. The Corporate Responsibility department reports to Sabia Schwarzer (Head of Group Communications and Corporate Responsibility, Allianz SE) who reports directly to Oliver Bäte, CEO of Allianz SE. This ensures a close alignment with the CEO Office. Furthermore, in 2016 the Group ESG Board took on the responsibility for all corporate responsibility and climate-related topics.


In 2016, our full sustainability report has been assured (limited assurance) by PwC to further enhance the quality of our sustainability information and data.

This will further improve the quality of our reporting and formalize the way sustainability is embedded across core functions and business units. Please find the assurance report here. In addition we are preparing for the upcoming CSR Directive due to be incorporated in German law in 2017.


Our objective is to continuously improve our performance and to strive for sustainability leadership in our sector. We see sustainability ratings such as the Dow Jones Sustainability Index (DJSI) as tools to promote transparency and trustworthiness towards markets and stakeholders. In our role as a Responsible Investor, we rely on these ratings as part of our long-term ESG integration approach for proprietary investments, as well as in the responsible investment products offered to its asset management customers.

In 2016, Allianz achieved its greatest improvement in the DJSI assessment so far: a +6%-point increase and up from Bronze to Gold in the RobecoSAM Yearbook since the previous year. Since its inception in 1999, Allianz has been included in the DJSI with top ranking positions each year since 2000.


Our businesses are signatories to and members of a wide range of global sustainability initiatives and principles, which guide us to:

  • Incorporate best practice sustainable development principles into our activities, products, services and investments;
  • Work with and learn from our peers through open dialogue and knowledge sharing;
  • Collaborate to find solutions that address local and global challenges relevant to our industry and beyond; and
  • Improve transparency in our own operations and across the value chain.

Allianz is a signatory of the United Nations Environment Programme Finance Initiative (UNEP FI) Principles for Sustainable Insurance (PSI), a working group dedicated to integrating sustainability into investment management.

Allianz SE, Allianz Global Investors (AllianzGI) and the Pacific Investment Management Company (PIMCO) are also signatories of the UN-supported Principles for Responsible Investment (PRI), which aim to integrate ESG principles into investment decisions and management. Together, its network of international investor signatories represent more than 60 trillion U.S. Dollars of assets under management.

As asset managers, Allianz SE, AllianzGI and PIMCO also report annually on the progress made implementing the PRI. You can find our full PSI andPRI disclosures in our Download Center.


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