| Aim |
Target |
Time-frame |
Comment |
Progress |
| Address the risks and opportunities of climate change |
Manage the environmental and social risks posed by climate change |
Ongoing |
- We purchase catastrophe risk (CAT) models from third parties to inform our business strategies, rather than undertaking specific research on climate change ourselves.
|
|
- We evaluate the risks associated with new technologies for tackling climate change.
|
|
| Explore opportunities to develop new sustainable insurance products and services to support customers |
Ongoing |
- We have undertaken market research into emerging market sectors, such as renewable energy, in order to inform decisions on how we could provide financial support with new products and services.
|
|
- We are increasing the sustainability of repairs that are carried out for customers by encouraging suppliers to improve the sustainability of their products and services.
|
|
| Incorporate environmental and social considerations into our investment strategy |
Ongoing |
- We consider the implications of climate change for company performance and incorporate this information into investment decisions.
|
|
- We routinely encourage appropriate emissions disclosures from the companies we invest in.
|
|
- We will share our assessment of the impacts of climate change with our pension fund trustees.
|
|
| Contribute to public policy making on climate change |
Ongoing |
- We were signatories of the ClimateWise Communiqué to the UN summit on climate change in Cancun, 2010, calling for a global agreement on emissions reductions.
|
|
| Reduce the environmental impact of our business |
Reduce CO2e emissions by 25% per employee compared to 2006 |
2012 |
- We have exceeded this target in 2010, two years early. So far we have reduced CO2e emissions by 39% per employee compared to 2006.
|
|
- We measure and manage the most significant environmental impacts from our internal operations.
|
|
- We have made investments to improve the energy efficiency of our buildings; reduce water and resource consumption; increase recycling; and lower emissions of company vehicles.
|
|
- We engage employees and provide information so they can reduce their own environmental footprint.
|
|
| Support the communities in which we operate |
Increase the financial and non-financial support to local communities |
Ongoing |
- We have increased employee fundraising and company donations to our corporate charity, Help the Hospices.
|
|
- We provided training courses for Help the Hospices staff to increase their capacity to provide support to hospice care.
|
|
- Employee volunteering in local communities increased 86% in 2010, compared to 2009.
|
|
| Engage and motivate our employees on environmental and social issues |
Ongoing |
- We regularly communicate, via a range of channels, our CSR strategy and activities to employees.
|
|
- We have developed a calendar of regular CSR activities and events and encourage employees to get involved.
|
|
- We measure employee engagement in CSR through an annual survey.
|
|
| Collaborate to build competence in CSR to embed it in our business |
Ongoing |
- We sought independent stakeholder feedback on our strategy and 2009 CSR Report, which will inform our future strategy and reporting.
|
|
- We utilise expertise from within the Allianz Group, business relationships and through our wider network of stakeholders.
|
|
| |
Report annually on our performance against the implementation of our strategy |
Annually |
- We have committed to reporting annually on our performance in a CSR Report and on our website: www.allianz.co.uk/csr .
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|
