At Allianz, we work hard to minimise the environmental impact of our business. Our ambition is to achieve net zero in our business operations by 2030 and we set ourselves targets and measure our performance every year.
CO₂ emissions
77%
2010 baseline
Reducing energy consumption per employee
99.9%
renewable sources
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 policy
81%
consumption compared to 2014
Next steps will be:
- Continue to increase efforts under the paperless agenda
- Expand use of sustainable paper
Cutting CO₂ emissions from business travel
67%
emissions per employee since 2010
Next steps will be:
- Maintain the current efforts of travel reduction
- Continue the roll-out of our hybrid car fleet
Water reduction
45%
since 2010
Next steps will be:
- To maintain efforts to reduce water consumption
Waste
90%
Next steps will be:
- Maintain efforts of reducing the absolute amount of waste generated
Working together for a sustainable future
Our business impacts and is impacted by a wide range of issues that are important to society and our planet. We know we must address them to create confidence in tomorrow. As a founding member of the UN-convened Net-Zero Asset Owner Alliance, we’ve committed to reduce the carbon emissions of our investment portfolios to net-zero, meaning they will be carbon neutral by 2050.
We are working with others to tackle climate change to three key ways:
01
We anticipate the risks of a changing climate – looking to the future to protect people from climate change.
As part of our long term view, we’ve stopped financing coal-based business models.
They won’t feature at all in our investments and insurance activities by 2040 or sooner.
02
We care for the climate vulnerable and aim to ‘close the protection gap’ in emerging countries.
This includes insuring farmers and supporting governments to protect more people vulnerable to climate change.
We’re collaborating to provide access to climate risk insurance for up to 500 million people in the most vulnerable developing countries by 2025.
03
We enable a low carbon future by targeting sustainable investments and influencing the companies we invest in.
As well as reducing our own emissions and using renewable energy, we develop sustainable products and services and lead the industry in insuring renewables and energy efficiency.
We target investment towards renewable energy schemes, green buildings and bonds that support environmental projects.