Allianz integrates ecological and social responsibility into business

In its annual sustainability report the Allianz Group has announced that it has reached a milestone by making it standard practice to include ecological, social and governance criteria, on top of financial considerations, in all insurance premium investment decisions. This so-called ESG-Scoring is applied to all tradable assets, and Allianz asset managers Allianz Global Investors and PIMCO also considerably expanded their related ESG approaches.

Allianz Group’s euro 5.6bn renewable energy portfolio includes 81 wind farms and 7 solar farms in Europe and the US, and its investments in certified green buildings have also risen to more than euro 11bn.

Within the insurance business, USD 96.6 million has been invested into microinsurance provider BIMA, and Allianz is furthering its strategy of providing emerging consumers with affordable insurance services.

“Climate change and economic instability are the biggest challenges of the coming decades,” said Oliver Bäte, CEO of Allianz SE. “We have clearly defined our ambition: as a risk expert and an investor with a long-term orientation, we support the transition to a low-carbon economy, and our social projects strengthen disadvantaged young people all over the world.”

Environmental protection also increased within Allianz business operations, with CO2 emissions per employee were down 17 per cent from 2010, and building energy consumption decreasing 29 per cent. The company already derives 40 per cent of its worldwide power consumed from renewable energy.

The company leads the prestigious Dow Jones Sustainability Index (DJSI) as best in its sector, and is considered one of the world’s most sustainable insurance companies.

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