Collaborating for a sustainable future
We're passionate about the environment and we're shaping change for what's ahead by working with others to find solutions for a sustainable future.
With over 100 million customers, we’re one of the largest financial services providers in the world. Our purpose, ‘We secure your future’, expresses why we exist. By the very nature of what we do – we protect people, assets and businesses against risk – we make a positive contribution to society.
Our ambition is to move from being a responsible company in our own right to leading in the financial services industry and beyond.
2020 Sustainability highlights
“After 131 years in business, we never tire of working with others to find solutions to complex sustainability problems – and we will remain unsatisfied until we have found effective, institutionalised long-term solutions that make the world a better place.”
Oliver Bäte, Allianz CEO
Sustainability strategy and governance
In 2020, we continued to strengthen our global sustainability approach and evolved our strategy in light of our group-wide purpose ‘We secure your future’.
To aid delivery of our strategy, we established a central Global Sustainability team with responsibility for integration of sustainability and aligning the sustainability activities of our Allianz companies. We also announced that we will establish a Sustainability Committee under the Supervisory Board in 2021, reflecting the core importance of sustainability at Allianz.
Sustainability in our core business activities
In 2020, 430 insurance transactions were assessed for ESG risks, a slight decrease compared to 2019 (474 transactions). This decline from 2019 is in line with our public commitments on coal-based business models and a more stringent approach to our risk appetite, resulting in a lower number of transactions in these business areas, which had previously been referred.