Chairman of the Group ESG Board
Member of the Board of Management of Allianz SE, responsible for Investment Management, ESG
Chairman of the Group ESG Board
Member of the Board of Management of Allianz SE, responsible for Investment Management, ESG
Member of the ESG Board
Member of the Board of Management of Allianz SE, responsible for Asset Management and US Life Insurance
Member of the ESG Board
Member of the Board of Management of Allianz SE, responsible for Operations and IT (COO)
Member of the ESG Board
Member of the Board of Management of Allianz SE, responsible for Global Insurance Lines & Anglo Markets, Reinsurance, Middle East, Africa
Member of the ESG Board
Chief Risk Officer of Allianz SE
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 Group ESG Board.
Group Underwriting Committee:
monitors the underwriting business and its risk management, as well as developing new underwriting policies and strategy.
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.
The Corporate Responsibility department is responsible for the strategic framework that drives all group-wide sustainability activities. Its scope includes managing CR governance and fulfilling external reporting and rating requirements. The team also supports operating entities to effectively integrate the Group’s strategic sustainability approach and policies into their business processes. The Head of Group Communications and Corporate Responsibility, reports directly to the CEO of Allianz SE. This ensures a close alignment with the CEO’s agenda.
Our strategy shapes and increases our contribution towards delivering the Sustainable Development Goals. It also reaffirms our commitments to the principles of the United Nations Global Compact (UNGC), a voluntary initiative based on CEO commitments to implement 10 universal sustainability principles in the fields of human rights, labor standards, environmental protection and anti-corruption. We have been a participant in the UNGC since 2002 and it is included in our Code of Conduct.
We base our approach and reporting on voluntary international standards and guidelines such as the Global Reporting Initiative (GRI) guidelines, sustainability indices, and engagement with expert working groups such as the United Nations Environment Programme Finance Initiative.
Our annual UNGC communication on progress and the German Sustainability Code (GSC) reports can be found on our website, as well as on the UNGC and GSC websites.
In compliance with the 2017 German implementation of the EU Non-Financial Reporting Directive (2014/95/EU), we published relevant non-financial information within the Governance section of the Group Annual Report 2019.
The combined separate non-financial report is being audited by PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft (PwC) and is to be approved by the Supervisory Board of Allianz SE.
You can find our combined separate non-financial report starting on page 41 here.
Our objective is to continuously improve our performance and to strive for sustainability leadership in our sector. We see sustainability ratings as tools to promote transparency and trustworthiness towards markets and stakeholders. As an 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 our asset management customers.
As we strive to be a sustainability leader in our sector, sustainability ratings and industry benchmarks provide an important opportunity to improve our performance and transparency. We also rely on these ratings to support long-term ESG integration across our proprietary investments and the responsible investment products offered to our asset management customers. We take part in a wide range of external assessment and benchmarking initiatives, including:
Allianz has been included in the DJSI with top ranking positions since 2000. In 2019, we took the leading position within the insurance sector for the third year running, scoring 88 out of 100 points.
Allianz Group was a founding member of the CDP and we continue to support it as a responding company and as an asset owner and asset manager. Allianz has been listed in the Carbon Disclosure Leadership Index from 2011 to 2015. In 2019, we achieved a C rating.
Included since 2001, Allianz is one of the longstanding members of the FTSE4Good Index series. We were ranked among the top 8% of our sector in 2019.
In 2019, Allianz once again received AAA rating from MSCI ESG Research. We are one of the top performers in our sector.
Allianz has once again received Prime status in 2019, which ranks us among the world’s best companies in our industry.
Our businesses are signatories to and members of a wide range of global sustainability initiatives and principles, which guide us to:
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 and PRI disclosures in our Download Center.