ALLIANZ GROUP

Allianz Group, a Direct Life Insurance Carrier headquartered in Germany, reported approximately 119.4 million kg CO2e in total emissions for 2025. This figure comprises about 30.8 million kg CO2e from Scope 1 emissions, 4.9 million kg CO2e from Scope 2 market-based emissions, and 83.8 million kg CO2e from Scope 3 emissions. In 2024, their total emissions were higher at approximately 144.7 million kg CO2e, including 36.2 million kg CO2e from Scope 1, 5.9 million kg CO2e from Scope 2 market-based, and 102.6 million kg CO2e from Scope 3.

Allianz Group has set ambitious climate commitments. For its own operations, the company aims to reduce Scope 1 and Scope 2 GHG emissions by 50% by 2025, against a 2019 baseline, and achieve net-zero emissions by 2030. Specifically, they plan to reduce Scope 1 emissions per employee by 66% and Scope 2 emissions per employee by 89% by 2030, compared to a 2019 baseline. The company also intends to reduce overall GHG emissions per employee across Scope 1, Scope 2, and selected Scope 3 emissions by 65% by 2030. Furthermore, Allianz Group has committed to achieving net-zero GHG emissions in its proprietary investment portfolio by 2050. They also target a 25% reduction in emissions from listed equities and tradeable corporate bonds by the end of 2024, relative to a 2019 baseline, and a 50% reduction in absolute financed emissions for listed corporates (corporate bonds and listed equity) by 2030, compared to the 2019 baseline. For its motor retail portfolio, Allianz Group aims to reduce absolute carbon emissions by 30% by 2030 against a 2022 baseline.