In 2022, our carbon footprint in Allianz UK was 600 kg per employee. This represents a significant reduction, although a slight increase on 2021 as we included homeworking and our cloud emissions.
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%
reduction against
2010 baseline
2010 baseline
Reducing energy consumption per employee
99.9%
of our electricity comes from
renewable sources
renewable sources
Our energy consumption per employee saw a slight rise on 2021 figures reflecting some increased occupancy in our buildings. We source almost 100% of our electricity from 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%
decrease in paper
consumption compared to 2014
consumption compared to 2014
We have seen a significant decrease in paper consumption compared with our 2019 baseline. We continue to invest in programmes of digitalisation which will reduce the paper used when communicating with our customers. We also reduced the number of printers in our offices by 75%.
Next steps will be:
- Continue to increase efforts under the paperless agenda
- Expand use of sustainable paper
Cutting CO₂ emissions from business travel
67%
reduction in travel related CO₂
emissions per employee since 2010
emissions per employee since 2010
In 2022 there was a rise in emissions as we saw a return to business travel post Covid 19. However it is still a reduction from our baseline in 2019.
Next steps will be:
- Maintain the current efforts of travel reduction
- Continue the roll-out of our hybrid car fleet
Water reduction
45%
decrease in water consumption
since 2010
since 2010
Water consumption saw an increase as our employees continued to return to offices to work. However there was a still a significant decrease from our 2019 baseline reflecting the impact of our water saving initiatives.
Next steps will be:
- To maintain efforts to reduce water consumption
Waste
90%
of waste is recycled
The amount of waste produced in our offices continues to decrease and more than 90% of our waste is recycled.
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.