Our environmental performance

 

At Allianz, we work hard to minimise the environmental impact of our business. We set ourselves targets and measure our performance every year. 

CO₂ emissions

50% 

reduction against
2010 baseline
In 2019, our carbon footprint per employee in Allianz UK was 1,273 kg per employee. This represents a 50% reduction against the 2010 baseline and was above the target of 33%.

Reducing energy consumption per employee

81.0% 

of our electricity comes from
renewable sources
Our target is to reduce our consumption by 42% by 2020 (against our 2010 consumption). We’d already reduced it by 38% by the end of 2019 and have plans in place to reduce it further.

Next steps will be:

  • Continue to invest in high quality, low carbon electricity
  • Maintain current efforts to realise energy efficiency gains in buildings and IT

Paper reduction per employee

14% 

increase in paper
consumption on 2010

We saw an increase in paper consumption of 14% on 2010. This was a consumption of 206kg per 1,000 policies against our 2020 target of 157kg per 1,000 policies. Every employee in Allianz UK receives a monthly email telling them how much paper they have used through the printers and how they are benchmarked against the company average to increase awareness of how much they are printing. 

We also have an ongoing Go Paperless campaign which promotes the benefits of being digital by default to employees.

Next steps will be:

  • Continue to increase efforts under the paperless agenda
  • Expand use of sustainable paper

Cutting CO₂ emissions from business travel

13% 

reduction in travel related CO₂
emissions per employee since 2010

We saw a 12% increase in distance travelled per employee since 2010 which has resulted in a 13% reduction in travel related CO2 emissions per employee since 2010.

We are a member of Liftshare and ran a campaign in 2019 to promote it to all employees. We also offer an increased mileage rate for employees who take a colleague when travelling for business.

Next steps will be:

  • Maintain the current efforts of travel reduction
  • Consider options for reducing the carbon intensity of car travel

Water reduction

35% 

increase in water consumption
since 2010
Water consumption has increased by 35% against the 2010 baseline.

Next steps will be:

  • To maintain efforts to reduce water consumption

Waste

96% 

of waste is recycled
The amount of waste has been reduced by 76% against the 2010 baseline and 96 % of waste is recycled. We have increased the amount of different items which can be recycled in our offices in 2018 and have also increased signage to raise awareness amongst employees.

Next steps will be:

  • Maintain efforts of reducing the absolute amount of waste generated

Carbon neutral since 2012

The Allianz Group has been carbon-neutral since 2012 by investing in projects that offset our operational emissions. In 2018, we retired 373,448 carbon credits by investing in low carbon initiatives, each credit accounting for one metric ton of carbon. The savings in emissions are independently measured and certified once a year. Investments in 2018 included:

Wildlife Works Carbon LLC

We hold a 10% share in WWC, the world’s leading developer of Reducing Emissions from Deforestation and Degradation (REDD) projects. Through this investment, we are supporting forest protection in Kenya and the Democratic Republic of Congo (DRC). The Kenyan Kasigau Corridor REDD project aims to offset 1 million tons of carbon emissions per year, while the DRC REDD+ project achieves an average of 5.7 million tons of carbon reductions per year.

Rimba Raya

We began investing in this REDD project in Borneo, Indonesia, in 2013. By helping to prevent the deforestation of nearly 65,000 hectares of peat swamp forest, the world’s largest project of its kind aims to avoid more than 130 million tons of carbon emissions.