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 51 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
ALLIANZ GROUP's reported carbon emissions
In 2023, Allianz Group reported total carbon emissions of approximately 136,447,900 kg CO2e. This figure includes 31,773,700 kg CO2e from Scope 1 emissions, 7,929,200 kg CO2e from Scope 2 emissions (market-based), and 96,745,100 kg CO2e from Scope 3 emissions. The previous year, 2022, saw total emissions of about 153,910,000 kg CO2e, indicating a reduction in emissions. Over the years, Allianz has demonstrated a commitment to reducing its carbon footprint. In 2021, total emissions were approximately 138,746,000 kg CO2e, while in 2020, they were about 203,352,000 kg CO2e. This trend reflects a significant decrease in emissions, particularly in Scope 2, which dropped from 100,722,000 kg CO2e in 2020 to 7,929,200 kg CO2e in 2023. Allianz has engaged in various climate commitments, although some near-term targets have been withdrawn. The company is currently in a transitory grace period for compliance with its commitment policy, with targets expected to be submitted by July 31, 2023. Despite the removal of some commitments, Allianz continues to focus on sustainability and reducing its environmental impact. Overall, Allianz Group's emissions data and climate commitments illustrate a proactive approach to addressing climate change, with a clear trajectory towards reducing carbon emissions across all scopes.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 51,838,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 167,888,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 159,719,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
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.
