Our global approach

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.

'We are moving into a new phase of sustainability, where impact is front and center. This means setting and showing progress on our commitments across the entire organization, such as for example on our net zero transition plan, and playing a leading role in global partnerships to drive real world change.'

Emilia Macarie
Group Chief Sustainability Officer

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.

Climate change and decarbonization

Limiting and adapting to climate change requires the collective efforts of governments, businesses, industries and communities around the world. We collaborate with others to drive decarbonization and climate change mitigation through our resources, expertise and influence.

As one of the world’s largest insurers and institutional investors, we have an opportunity and responsibility to use our global leverage to deliver the Paris Agreement’s goals and ensure a fair transition to a low-carbon future. We have committed to net-zero emissions in our operations and proprietary investment portfolio by 2050.

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Social impact

Our social approach is based on the belief that business can only thrive as part of an equitable society. We use our roles as an employer, insurer, investor, and corporate citizen to contribute to more inclusive and stronger societies.

With an added focus on SDG 8 - decent work and economic growth - we integrate social considerations into our organization, our business areas, and our corporate citizenship activities. We do this through our own initiatives and - in line with our commitment to SDG 17, partnerships for the goals - through active participation in various partnerships from global U.N.-backed initiatives to collaborations with regional NGOs and local charities.

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Integrating sustainability across the business

We believe in addressing the issues that impact value creation for all stakeholders. Our commitment to tackling environmental, social and governance (ESG) topics – referred to here as sustainability – applies to our own operations and our insurance, investment and asset management activities.

We manage sustainability considerations diligently to manage risks and capture opportunities. It drives us to create sustainable products and services, collaborate with clients and investee companies to deliver real-world benefits, and direct capital flows towards sustainable outcomes. We look beyond offering sustainable products to scale sustainability solutions across public and private markets.

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How do we embed sustainability?

Sustainability Committee

The Sustainability Committee of the Group Supervisory Board is the highest governing body on sustainability related topics for the Allianz Group. The Sustainability Committee exchanges regularly on sustainability issues which are relevant for economically sound and sustainable development, as well as for the reputation of the Allianz Group. It closely monitors the Board of Management’s sustainability strategy as well as the Personnel Committee’s oversight of the Board of Management’s sustainability-related target setting.

Group Sustainability Board

Established in 2012, the Group Sustainability Board consists of Allianz SE Board Members and leaders of selected functions who meet quarterly. The Sustainability Board is responsible for integrating sustainability into all business lines and core processes dealing with insurance and investment decisions. The Board Members assume responsibility for specific sustainability topics, and functional departments provide regular updates on sustainability issues directly to the Sustainability Board which in turn reports to the Board of Management.

Dr. Günther Thallinger

Chairman of the Sustainability Board

Member of the Board of Management of Allianz SE, responsible for Investment Management, Sustainability