Allianz Engineering Inspection Services (AEIS) will reduce plastic waste by around 1.8 tonnes per year, thanks to a more environmentally friendly method of tagging equipment.
Steve Ford, Special Services engineering manager for AEIS said: “Both our own engineers and our customers indicated that we could reduce the amount of plastic we use to tag equipment in our inspections. Allianz takes its environmental responsibility seriously, so we wanted to do something about it.
“We embarked on a number of workshops with internal and external stakeholders, shortlisted numerous alternative materials for testing and started an evaluation programme. After extensive testing of the main tag we use, we had reduced the shortlist to one new type of tag. We then revised the design further, tested again, and came up with the solution – a light, strong and brightly coloured tag, which uses 81% less plastic than before.”
As well as replacing the cable ties, AEIS reviewed all of the other types of tags it used, and in most instances, will be moving to a more eco-friendly alternative – containing much less plastic, and using an alternative solution wherever possible.
Allianz Engineering Inspection Services will have fully transferred to the new tags by the start of 2022.
Carolyn Rich, head of brand marketing and social responsibility at Allianz Insurance said: “We are very happy to introduce this new initiative in our inspection business.
“The fight against plastic waste is something we have been supporting across the global business through different initiatives such as these as well as more recently with our partnership with the Sea Shepherd organisation.
“However, we know there is always more to do on a global scale so we’re continuously exploring new solutions, and engaging with third parties, to find out what else we can do to find a more sustainable way of doing business.”
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.
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 2020, over 150,000 employees achieved total revenues of 140 billion euros and an operating profit of 10.8 billion euros for the group.
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