Our approach to sustainability at Allianz

Sustainability matters are increasingly important to our stakeholders and they greatly influence the way we run our business. Having a clear strategy and approach enables us to understand the risks and opportunities and mobilize our global businesses in response.
Line Hestvik
Chief Sustainability Officer
Allianz SE

We live our commitments through our strategy

Our strategy drives us to create real-world impact on the economy and society. We want to be a role model in our industry and drive progress towards a net-zero carbon economy. As a financial services provider, our approach is naturally grounded in risk management and capturing positive opportunities.

Group Finance and Risk Committee

Oversees risk management and monitoring including sustainability risk. The committee is the escalation point for ESG related topics such as insurance and investment referrals.

Group Underwriting Committee

Monitors the underwriting business and its risk management, as well as developing new underwriting policies and strategy.

Group Investment Management Board

Monitors the investment approach for proprietary assets and sets the high-level agenda, including the ESG integration approach.

Group Center for global sustainability

Since January 2021, responsibility for Allianz’s sustainability agenda is led by the Group Center Global Sustainability, headed by a Chief Sustainability Officer who reports to the Chair of the Sustainability Board. Global Sustainability supports Allianz operating entities around the world in integrating the Group’s strategic sustainability approach and policies into their organization and business processes.

We base our management approach and reporting on voluntary international standards and guidelines such as the Global Reporting Initiative (GRI) and various sustainability indices. We have been a participant in the U.N. Global Compact (UNGC) since 2002 and our Communication on Progress and GRI Index can be found in the Publications section of our website.  

Sustainability ratings promote transparency and trust among customers, investors and other stakeholders. We strive to be a sustainability leader in our sector, and we take part in sustainability ratings and industry benchmarks to improve our performance and transparency.

In compliance with the German implementation of the E.U. Non- Financial Reporting Directive (2014/95/EU), we publish relevant non-financial information within the Governance section of the Group Annual Report. This so-called Combined Separate Non-Financial Report is approved by the Supervisory Board of Allianz SE and assured with reasonable assurance by PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft (PwC).