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
84%
reduction against
2010 baseline
2010 baseline
In 2021, our carbon footprint in Allianz UK was 406 kg per employee. This represents a significant reduction, however reflects a year when most of our employees were still predominantly based at home due to Covid-19.
Reducing energy consumption per employee
100%
of our electricity comes from
renewable sources
renewable sources
Our energy consumption per employee saw a slight rise on 2020 figures reflecting some increased occupancy in our buildings. However by the end of 2021 we sourced 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
62%
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
76%
reduction in travel related CO₂
emissions per employee since 2010
emissions per employee since 2010
In 2021 we saw the continuation of the drop in business travel due to Covid-19. The remaining travel is from our Engineer Surveyors who continued to inspect essential equipment during the pandemic. The roll out of our hybrid car fleet will reduce the impact of travel as it continues to be rolled out.
Next steps will be:
- Maintain the current efforts of travel reduction
- Continue the roll-out of our hybrid car fleet
Water reduction
61%
decrease in water consumption
since 2010
since 2010
Water consumption has continued to decrease reflecting the reduced occupancy of our offices in 2020.
Next steps will be:
- To maintain efforts to reduce water consumption
Waste
90%
of waste is recycled
Whilst the amount of waste increased slightly against 2020 due to the return of some employees to our offices, 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 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.