Responsible investments

As a large investor, we understand that considering environmental, social and corporate governance (ESG) issues is essential to achieving our climate goals.

Allianz Global Investors (AGI), which manages some investment funds, is a signatory to the United Nations Principles for Responsible Investment (UNPRI) and therefore incorporates environmental, social and corporate governance (ESG) issues into its investment decision-making.

We support the global transition to clean energy by investing in sustainable projects and no longer investing in those that hinder innovation. Our ambition is to transition our global proprietary investment portfolio to net-zero by 2050.

We have a mandatory ESG screening process for all non-listed investments in real estate, infrastructure and non-listed corporations and apply an ESG scoring process to all listed assets.

We also apply exclusions to certain sectors from our portfolios, including controversial weapons, coal based business models, human rights concerns and oil and gas business models.

In 2024 Allianz Group:

-50.7%

Achieved a 50.7% reduction in absolute green house gas emissions in proprietary investments (listed corporates).

€171.9bn

Invested €171.9bn in sustainable investments
– a 2.7% annual increase.

€43.5bn

Invested €43.5bn in low-carbon solutions investments
- a 17.3% annual increase.

In 2024 Allianz UK:

-61T

Achieved a 61 tonne reduction in absolute owned emissions.

£26m

Invested £26m in a Renewable Energy fund.

£356m

We invested £46m into ESG bonds (a 13% increase) taking our total to £356m at the end of 2024.

Global Case Study:
DECARBONISING OUR INVESTMENTS

Allianz hasn’t financed coal-based business models since 2015; no new investments have been allowed, equity stakes have been divested and fixed income investments made before 2015 are in run-off.

The exclusion thresholds for the energy generation share from coal power plants and the revenue share from coal mining will be tightened over time. We will strengthen the thresholds from the 30% in place since 2015 to 0% by 2040 the latest.

In May 2018, we announced a further commitment to expand the scope of coal exclusions.

We currently exclude companies involved, either directly or through entities they control (indirectly, minimum of 20% stake), in coal based business models, which are defined as follows:

Energy generation from coal

Companies deriving 30% or more of their revenues from mining thermal coal, and/or planning more than 0.5 gigawatts (GW) of thermal coal capacity additions which are not in line with the 2°C threshold and/or
Having to retire more than 50% of their generation capacities in the next ten years to be in line with the 2°C ceiling.

Coal mining

Companies deriving 30% or more of their revenues from mining thermal coal.

Insight & expertise

Top five risks of solar energy

In this article we’ll explore the top 5 risks of solar energy, and highlight why there’s a need for stronger industry standards in the renewables field.

Press release

Allianz UK creates new sustainability leadership role

Allianz has announced Bethany Thomas as the head of sustainability in a newly created role that centralises Allianz UK’s sustainability strategy.

Warehouse employee with a digital device

Insight & expertise

Lithium-ion batteries – how to reduce the risk of fires in commercial buildings

Lithium-ion batteries are the main type of rechargeable battery used and stored in commercial premises and residential buildings. The risks associated with these batteries can lead to a fire and/or an explosion with little or no warning.

two engineers walking towards wind turbines

Insight & expertise

Hydrogen and mobility

Hydrogen is an important part of the UK’s plans to achieve its net zero target. But, while this means they could be part of the carbon reduction solution, it’s important to understand the risks and challenges they bring.

Insight & expertise

The risks of renewables: Top five risks of wind energy

Here we explore the top five risks associated with the use of wind energy and explain why there is a need for stronger standards within the wind power and renewables sector.

Insight & expertise

Sustainability in the motor repair industry

Rising repair costs are putting pressure on the motor insurance sector, with the latest figures from the Association of British Insurers showing that the current average private motor insurance premiums are 15% higher compared to Q1 2022.

News

Allianz Holdings announces UK employee EV salary sacrifice scheme

As part of its new rewards and benefits roadmap Allianz Holdings has unveiled an electric vehicle (EV) salary sacrifice scheme for its UK employees.

Press release

Allianz highlights climate initiatives in ITN business programme

Allianz has worked with ITN and the ABI to help create 'Securing Futures', a programme highlighting what the insurance industry is doing to protect customers and businesses amid a mounting climate crisis.

Press release

Allianz leverages green parts and approved repairers to boost claims efficiency

Allianz Commercial has refreshed its fleet policies to reduce repair times: new wordings prescribe the fitting of green parts and encourage the use of approved repairers.

Press release

Allianz unifies renewable power team to fulfil green growth ambition

Allianz Engineering, Construction & Power (EC&P) has brought its renewable energy experts into one team, with the ambition to grow its green power portfolio.

News

From climate literacy to climate action

With the UN climate change conference, or COP27 as it is known, taking place from November 6-18, it is a good time to ask how people deal with the complex topic of climate change.

Press release

Doing everything for the planet

At Allianz, we have had environmental goals embedded in our strategy for a while now, and just last month we accelerated our global climate plan. We’ll be taking a stricter stance on oil and gas as we continue to pull out of coal, and we’ll target net-zero operations by 2030 instead of 2050.

Press release

Allianz unveils sustainable theme for BIBA 2022

In line with its commitment to build a sustainable future, Allianz Commercial is proud to unveil its plans for the 2022 BIBA exhibition.

Press release

Allianz becomes the first insurance partner of Solar Energy UK

At a time when the UK is looking to rely on renewables more than ever, Allianz Insurance is delighted to announce that it is the first insurance member of Solar Energy UK.

Press release

Allianz employees plant 1,000 trees in the Surrey Hills

Allianz employees planted trees in the Surrey Hills on Friday 25 February to celebrate the Guildford head office reducing the amount of paper it uses. Over 120 colleagues planted 1,000 native trees and shrubs in Cranleigh’s Knowle Park, as part of the Queen’s Green Canopy which marks the Platinum Jubilee.

Responsible investments

As a large investor, we understand that considering environmental, social and corporate governance (ESG) issues is essential to achieving our climate goals.

In 2024 Allianz Group:

-50.7%

€171.9bn

€43.5bn

In 2024 Allianz UK:

-61T

£26m

£356m

Global Case Study:
DECARBONISING OUR INVESTMENTS

Energy generation from coal

Coal mining