ALLIANZ GROUP
Allianz Group, a leading global insurance and financial services provider, is headquartered in Munich, Germany. Founded in 1890, Allianz has established a strong presence in over 70 countries, with significant operations across Europe, North America, and Asia. The company operates primarily in the insurance and asset management sectors, offering a diverse range of products including life, health, property, and casualty insurance. Renowned for its customer-centric approach, Allianz Group distinguishes itself through innovative solutions and a commitment to sustainability. With a robust market position, it consistently ranks among the top insurers worldwide, recognised for its financial strength and reliability. Key milestones in its history include the expansion into emerging markets and the integration of digital technologies to enhance customer experience.
DitchCarbon Score
How does ALLIANZ GROUP's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
ALLIANZ GROUP's score of 39 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
ALLIANZ GROUP's reported carbon emissions
In 2023, Allianz Group reported total carbon emissions of approximately 136,448,000 kg CO2e. This figure includes 31,774,000 kg CO2e from Scope 1 emissions, 7,929,000 kg CO2e from Scope 2 (market-based), and 96,745,000 kg CO2e from Scope 3 emissions. The company has shown a significant reduction in emissions over the years, decreasing from about 373,448,000 kg CO2e in 2018 to the latest figure in 2023. In 2022, Allianz's total emissions were approximately 153,910,000 kg CO2e, with Scope 1 emissions at 30,953,000 kg CO2e, Scope 2 (market-based) at 30,490,000 kg CO2e, and Scope 3 at 92,467,000 kg CO2e. The trend indicates a commitment to reducing their carbon footprint, with emissions dropping from 203,352,000 kg CO2e in 2020 and 138,746,000 kg CO2e in 2021. Allianz has disclosed emissions across all three scopes (1, 2, and 3) and has committed to submitting reduction targets by July 31, 2023. However, as of now, they have not established a net-zero target. The company is actively working on its climate commitments, reflecting its role in the financial and insurance sectors, which are increasingly focused on sustainability and reducing greenhouse gas emissions.
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Access structured emissions data, company-specific emission factors, and source documents
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 46,734,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 159,181,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 167,533,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
ALLIANZ GROUP is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
