ALLIANZ GROUP Sustainability Profile
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 74 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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ALLIANZ GROUP's reported carbon emissions
In 2024, Allianz Group reported total carbon emissions of approximately 144.7 million kg CO2e. This includes Scope 1 emissions of about 36.2 million kg CO2e, Scope 2 emissions (market-based) of approximately 5.9 million kg CO2e, and Scope 3 emissions totalling around 102.6 million kg CO2e. The previous year, 2023, saw total emissions of about 136.4 million kg CO2e, with Scope 1 at approximately 31.8 million kg CO2e, Scope 2 (market-based) at about 7.9 million kg CO2e, and Scope 3 at around 96.7 million kg CO2e. Allianz has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its operations by 2030, with a significant reduction target of 50% in GHG emissions by 2025 compared to a 2019 baseline. This commitment encompasses all scopes of emissions, including a specific focus on reducing Scope 1 and Scope 2 emissions. Additionally, Allianz aims to reduce absolute financed emissions in listed corporates by 50% by 2030, relative to 2019 levels. The company is also committed to increasing the use of renewable electricity to 100% in its operations by the end of 2023. These initiatives reflect Allianz's alignment with industry standards and its proactive approach to addressing climate change, as part of its broader sustainability strategy.
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| 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 |
How Carbon Intensive is ALLIANZ GROUP's Industry?
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ALLIANZ GROUP's Scope 3 Categories Breakdown
ALLIANZ GROUP's Scope 3 emissions, which increased by 6% last year and decreased by approximately 36% since 2017, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 71% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 54% of Scope 3 emissions.
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ALLIANZ GROUP's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
ALLIANZ GROUP has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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