Allianz highlights climate initiatives in ITN Business programme, 'Securing Futures'

Posted: 21 February 2023

Our Allianz experts outlined the company’s own journey to net zero, as well as discussing how they’re helping customers and brokers too.

Interviewing our CEO, Colm Holmes, the discussion led quickly to how important he views the need to work together to achieve net zero and Allianz is leading much of that activity. As a founder member of the United Nations (UN)-convened Net-Zero Asset Owner Alliance and Net-Zero Insurance Alliance, Allianz is working in partnership with other insurers and investors to set targets to reach net zero by 2050 in investment and insurance portfolios.

They’re even supporting the move to clean mobility technologies and the shift towards electrified transportation through their sponsorship with Formula E. And they were also the first insurer to join Solar Energy UK, a trade body working to treble solar capacity to 40GW by 2030.

colm holmes
Sustainability is a focus across all elements of the business, and claims are a major part of that. ITN interviewed Graham Gibson, Chief Claims Officer, in one of the bodyshops which uses green parts to repair customers’ vehicles. Salvage provider, Synetiq and Allianz launched a digital platform called mygreenparts, an online marketplace for recycled car parts which makes it easier for bodyshops to procure green parts for non-safety-critical repairs.
graham gibson

The information contained in this press release relates to Allianz Insurance plc. Allianz Insurance plc is one of the largest general insurers in the UK and part of the Allianz Group.

About Allianz Holdings plc

Allianz Holdings plc is the non-regulated holding company which owns the principal insurance operations of Allianz SE in Great Britain.

About Allianz

The Allianz Group is one of the world's leading insurers and asset managers with more than 100 million* private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing 790 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage 1.7 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are amongst the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2021, over 150,000 employees achieved total revenues of 148.5 billion euros and an operating profit of 13.4 billion euros for the group.

These assessments are, as always, subject to the disclaimer provided below. 

Cautionary note regarding forward-looking statements

This document includes forward-looking statements, such as prospects or expectations, that are based on management's current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements. Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz Group's core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates, most notably the EUR/USD exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions including and related integration issues and reorganization measures, and (xi) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.

No duty to update

The Allianz Group assumes no obligation to update any information or forward-looking statement contained herein, save for any information we are required to disclose by law.
*Including non-consolidated entities with Allianz customers.

Get notified as soon as we issue a new press release: