UN Sustainable Development Goals

The UN Sustainable Development Goals (SDGs) are a universal call to action to end poverty, protect the planet and improve political and economic stability globally. Through 17 bold commitments and 169 targets, the goals seek to drive global action across social, environmental and economic development issues up until 2030. Each goal is interlinked and they influence each other in complex ways. Through a detailed analysis, we have identified the four SDGs to which we currently contribute to, and impact on, the most.

Since their launch, the commitments and targets that comprise the SDGs have come to represent a global call to action for stakeholders in all countries to address some of the greatest barriers to sustainable development facing society. As the role business must play in helping to achieve the SDGs has become clearer, the goals have developed into an increasingly important tool for making the impacts of companies on society more transparent as we jointly work together towards a shared vision. However, we still see room for improvement. Companies are learning and developing their approaches as they work to translate the goals – which were originally intended to support countries’ sustainable development – into tangible business activities. In order to develop such approaches, we would like to see all stakeholders – from both the private and public sector – coming together to develop comprehensive strategies for the SDGs.

Allianz is one of the strongest financial communities in the world. We provide employment for over 140,000 people. Some 88 million customers in more than 70 markets rely on our insurance, products and funds for their financial wellbeing. In 2017, we paid income taxes of more than 2.9 billion Euro, thereby enabling public spending in education, housing, medical care etc.

By the very nature of what we do – protecting people and businesses against risks – we contribute to our customers’ long-term financial wellbeing and stabilizing local economies. Insurance is one of the key ways by which we limit the impacts of climate risks and compensate for climate-related damages. The higher the level of insurance coverage a country has, the more resilient it is to extreme natural events. Furthermore, following an extreme weather event such as a flood or hurricane, insurance payments are often a fast and reliable solution to help victims recover quickly, preventing them from falling into, or deeper into, poverty.

We are focused on supporting low-income customers in Asia, Africa and South America to close the gap for people who need access to low cost financial services. Digitalization is enabling more and more people to access insurance as we embrace the opportunities through our Digital by Default strategy, implemented with our Renewal Agenda 2015.

But it’s not just through our core business that we contribute to sustainable economic growth; we are also focused on breaking down barriers to social inclusion for a better, more productive future. That is why, in 2016, we made social inclusion one of the three priorities of our Corporate Responsibility Strategy.

For further details on our approach towards the SDGs please see our focus chapters on p.7-16 in our Sustainability Report 2017.

Our corporate responsibility strategy