The Allianz Group is one of the world's leading insurers and asset managers with more than 100 million retail 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 around 766 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 one of the leading insurers in the Dow Jones Sustainability Index. In 2019, over 147,000 employees achieved total revenues of 142 billion euros and an operating profit of 11.9 billion euros for the group.
Purpose
We secure your future.
Since 1890, all around the globe, we at Allianz have been working hard to secure people’s lives and to give courage to our customers for what’s ahead.
We are actuaries, advisors and service agents; engineers, lawyers and technology experts; we are daughters and sons, mothers and fathers, accountants, investors and entrepreneurs – and together we are shaping our industry.
Because we know how important it is to have a fair partner at your side who provides solid and sustainable solutions, we strive to do it right – with passion, every day.
We believe it is vital to state clearly to the world the set of our beliefs about Inclusive Capitalism. As such, we start with our Statement of Guiding Principles for Inclusive Capitalism. Knowing that words alone are not enough, each of us is making a series of commitments about how we will operate our institutions so that they help achieve Inclusive Capitalism. These commitments are forward-looking statements based on current goals, expectations and assumptions, which are not guarantees of future performance. For more information, please refer to our Terms of Use
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Planet
Principles of Governance
People
Prosperity
Summary
Fully phase out coal-based business models across our proprietary investments and property-casualty portfolios by 2040 at the latest.
Objectives
PROMOTING A LOW-CARBON ECONOMY Coal
Metrics & Targets
Fully phase out coal-based business models across our proprietary investments and property-casualty portfolios by 2040 at the latest.
Metrics:
No investment in coal infrastructure projects.
No investment in companies with 30%+ share of coal in electricity mix / revenues and / or companies planning more than 0.3 GW coal power capacity additions; reduction of threshold to reach 0% in 2040 at the latest.
No insurance for new or existing single-site coal power plants or mines, completely phasing out all coal-based risks from P&C insurance portfolios by 2040 at the latest.
Summary
Allianz will reduce CO2 emissions per employee by 30% by 2020 (2010 baseline 3.7tCO2e/employee) and energy consumption per employee by 30% by 2020 (2010 baseline 24.3 GJ/ employee) and will source 100% renewable energy by 2023, Status 2019: 49%
Objectives
PROMOTING A LOW-CARBON ECONOMY Business operations
Metrics & Targets
Reduce CO2 emissions per employee by 30% by 2020 (2010 baseline 3.7tCO2e/employee), Status 2019: -35%, vs. 2010 (2019 2.4tCO2e/employee), Metric: CO2 emissions per employee.
Reduce energy consumption per employee by 30% by 2020 (2010 baseline 24.3 GJ/employee), Status 2019: -37% vs. 2010 (2019 15.3 GJ/employee), Metric: Energy consumption per employee.
RE 100: Source 100% renewable energy by 2023, Status 2019: 49%, Metric: % of renewable energy.
Summary
Achieve 25% women in Boards of Management globally by the end of 2021, goal reached, 2019: 31%.
Objectives
CULTIVATING DIVERSE TALENT Women in leadership positions
Metrics & Targets
25% women in Boards of Management globally by the end of 2021, 2019: 31%.
40% women in talent pools globally by the end of 2021, 2019: 40%.
Summary
Set long-term climate targets for our proprietary investments and business operations in line with the Paris Climate Agreement’s goal to limit global warming to 1,5°C. (Metric: Climate targets for prop. investments and bus. operations set by Q1 2021)
Objectives
PROMOTING A LOW-CARBON ECONOMY Proprietary investments and business operations
Metrics & Targets
Set long-term climate targets for our proprietary investments and business operations in line with the Paris Climate Agreement’s goal to limit global warming to 1,5°C. Metric: Climate targets for proprietary investments and business operations set by Q1 2021.
Together with the UN Principles for Sustainable Insurance, we will develop new approaches on climate risk assessment tools for the insurance industry. This shall enable a better understanding of the impacts of climate change scenarios on the different lines of insurance business. Metric: Climate risk assessment tools developed in 2020.
Together with the United Nations Environment Programme’s Finance Initiative, the Principles for Responsible Investment, and eleven other global asset owners, i.e. pension funds and insurance companies, we initiated the UN-convened Net-Zero Asset Owner Alliance (AOA). Members of this group committed to 1.5°C portfolios and will set themselves targets and commit to an action plan within the first three years of the Alliance. At launch the group comprised 2.4 tn USD assets under management (AUM). Metrics: AOA launched in September 2019, doubling of AUM within twelve months (September 2020), member targets for years 2025, published by Q1 2021 along with subsequent annual reporting on progress towards these targets.
Summary
Allianz is committed to inclusive meritocracy and commits to achieving 73%+ IMIX score in 2021 within Allianz Group (2018: 71%, 2019: 73%), Metric: % IMIX score
Objectives
FOSTERING INCLUSIVE MERITOCRACY (IM) as our way of working (IM= Trust, Entrepreneurship, Collaborative Leadership, Customer and Market Excellence)
Metrics & Targets
73%+ IMIX score in 2021 within Allianz Group (2018: 71%, 2019: 73%). Metric: % IMIX score.
Summary
Communicate transparently and reliably about our corporate responsibility (CR) commitments and our CR performance, Metrics: Annual Sustainability Report, Non-financial Report, Group Tax Transparency Report and People Fact Book published.
Objectives
TRUSTED COMPANY - Transparency
Metrics & Targets
Communicate transparently and reliably about our corporate responsibility (CR) commitments and our CR performance.
Metrics: Annual Sustainability Report, Non-financial Report, Group Tax Transparency Report and People Fact Book published.
Summary
Improve process and data quality to further integrate CR throughout our entities, Metric: Annual external assurance reviews of CR/ESG processes and data conducted.
Objectives
TRUSTED COMPANY - Reliability
Metrics & Targets
Improve process and data quality to further integrate CR throughout our entities.
Metric: Annual external assurance reviews of CR/ESG processes and data conducted.
Summary
75%+ of our business segments achieving above market average or a loyalty leader position by 2021 (2015: 50%, 2019: 70%). Metric: % of our business segments achieving above market average or a loyalty leader position.
Objectives
TRUSTED COMPANY - Customer Excellence (NPS)
Metrics & Targets
75%+ of our business segments achieving above market average or a loyalty leader position by 2021.
Metric: % of our business segments achieving above market average or a loyalty leader position.
Summary
Increase partnership footprint with SOS Children’s Villages to 31 countries by 2021, Status 2019: 24, Metric: No. of partnerships with SOS Children’s Villages.
Objectives
Social inclusion and equal opportunities of youth with global partner SOS Children’s Villages
Metrics & Targets
Target: Increase partnership footprint with SOS Children’s Villages to 31 countries by 2021 (Metric: No. of partnerships with SOS Children’s Villages).
Continue to support overall disaster preparedness and response for children and communities (Metric: SOS disaster preparedness and response provided in 2019).
Further expand international YouthCan! partnerships and Online Mentoring Program to promote youth employability (Metric: no. of YouthCan! Partnerships with SOS CV; no. of Online Mentoring participants).
Increase awareness raising and fundraising for SOS Children’s Villages through the annual Allianz World Run, a global employee volunteering event (Metric: Allianz World Run participants; no. of SOS projects supported).
Summary
Promote cooperation and partnerships around the world where our business is present and ones that focus their work on social development projects for underprivileged children and youth, Metric: No. of projects supported, 5 in 2019.
Objectives
Social inclusion and equal opportunities of youth in partnerships
Metrics & Targets
Promote cooperation and partnerships around the world where our business is present and ones that focus their work on social development projects for underprivileged children and youth.
Metric: No. of local programs supported (5 projects in 2019)
Summary
Support social and environmental initiatives through financial donations, strategic partnerships, charitable memberships and our global network of foundations as well as corporate volunteering programs, Metric: different, please see details.
Objectives
Corporate citizenship
Metrics & Targets
Support social and environmental initiatives through financial donations, strategic partnerships, charitable memberships and our global network of foundations as well as corporate volunteering programs.
Metric: Amount (€) of corporate giving in FY (excluding political donations); Employee volunteering hours in FY.
Summary
Enhance digital access to products, Status: 100% of all products launched are digital, Metric: % digital products of all products launched
Objectives
Simple and digital products
Metrics & Targets
Enhance digital access to products, Status: 100% of all products launched are digital, (2018: 98%), Metric: % digital products of all products launched
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Recognizing it will take alignment of all our organizations to scale impact globally, we invite you to join the movement as a Steward of Inclusive Capitalism. Together, the collective action of Council members will contribute to a fairer, more inclusive and sustainable future for all people and our planet.
