During 2020 most of our employees worked from home which had an impact on the environmental footprint of our offices and our business travel . We also included LV= General Insurance Group environmental data for the first time in 2020.
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
79%
reduction against
2010 baseline
2010 baseline
In 2020, our carbon footprint in Allianz UK was 540 kg per employee. This represents a 79% reduction against the 2010 baseline and was above the target of 33%.
Reducing energy consumption per employee
90%
of our electricity comes from
renewable sources
renewable sources
Our target is to reduce our energy consumption by 42% by 2020. By the end of 2020 we achieved a 65% reduction, 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
61%
decrease in paper
consumption compared to 2010
consumption compared to 2010
We saw a decrease in paper consumption of 61% compared with our 2010 figures. This was a consumption of just 70kg per 1,000 policies against our 2020 target of 157kg per 1,000 policies.
Next steps will be:
- Continue to increase efforts under the paperless agenda
- Expand use of sustainable paper
Cutting CO₂ emissions from business travel
73%
reduction in travel related CO₂
emissions per employee since 2010
emissions per employee since 2010
We saw a 67% decrease in distance travelled per employee since 2010 which has resulted in a 73% reduction in travel related CO2 emissions per employee.
Next steps will be:
- Maintain the current efforts of travel reduction
- Continue the roll-out of our hybrid car fleet
Water reduction
29%
decrease in water consumption
since 2010
since 2010
Water consumption has decreased by 29% against the 2010 baseline. In 2020, we used 4,373 less litres per employee than in 2019.
Next steps will be:
- To maintain efforts to reduce water consumption
Waste
90%
of waste is recycled
The amount of waste has been reduced by 89% against the 2010 baseline and 90% of 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 NetZero 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.