Tackling climate change

To deliver on our ambition, we have set key decarbonization actions encompassing restrictions on fossil fuels, strategically steering our portfolios, engaging with stakeholders — particularly our clients and investee companies — improving energy management across our operations, and scaling up support of renewable energy and low-carbon technologies.

While our commitment to achieving our net-zero goals is independent of our involvement with membership associations, we believe that effective partnerships can promote greater transparency, faster implementation and more equitable outcomes. Therefore, Allianz is a strong supporter of initiatives working to fight climate change. Allianz in the past was a member of the UN-convened Net Zero Insurance Alliance (NZIA) and today continues to focus on the work of the UN-convened Net Zero Asset Owner Alliance (NZAOA), to which Allianz is a strong contributor of leadership and expertise as founding member and chair until 2024. The NZAOA  published its 4th Progress Report in October 2024, showing that very ambitious targets can be achieved and that absolute emissions are already falling.

Allianz addresses climate-related risks by supporting our customers in building resilience and adapting to changing conditions. We help our customers — both business and homeowners — understand their exposure to extreme weather events and encourage them to take preventive measures. We test new technologies such as flood proofing homes and sending early warnings for storms, floods, and other severe weather conditions. In case of natural disasters, we are there for our customers with faster claims processing and emergency aid.

Our ability to effectively manage risk, support adaptation efforts, and provide reliable protection is built on our deep technical expertise, which is why we carefully manage our exposure to natural catastrophes using advanced models and pricing systems.

Lastly, we support scientific research and innovation that improves society’s understanding of climate-related risks, for example through the Allianz Climate Risk Research Award.

By combining decarbonization with new opportunities, we aim to support people and business in their transition to a more sustainable future. To drive sustainable growth, we aim to strategically invest in and profitably grow revenues from low-carbon technologies. For example, in commercial insurance, we develop insurance offerings for low-carbon solutions and in motor retail insurance, encourage customers to switch to battery electric vehicles. Furthermore, we have been investing in renewable energies, such as wind farms, since 2005, and now insure projects in over 70 countries worldwide.

By combining decarbonization with new opportunities, we aim to support people and business in their transition to a more sustainable future. To drive sustainable growth, we aim to strategically invest in and profitably grow revenues from low-carbon technologies. For example, in commercial insurance, we develop insurance offerings for low-carbon solutions and in motor retail insurance, encourage customers to switch to battery electric vehicles. Furthermore, We have been investing in renewable energies, such as wind farms, since 2005, and now insure projects in over 70 countries worldwide.