ALLIANZ GROUP

ALLIANZ GROUP, a Direct Life Insurance Carrier headquartered in Germany, reported approximately 119,425,400 kg CO2e in total emissions for 2025. This includes 30,761,400 kg CO2e from Scope 1, 4,882,400 kg CO2e from Scope 2 (market-based), and 83,781,500 kg CO2e from Scope 3 emissions, which notably includes 51,317,900 kg CO2e from business travel.

Looking back, their total emissions were approximately 144,737,200 kg CO2e in 2024, 136,447,900 kg CO2e in 2023, and 153,910,000 kg CO2e in 2022.

ALLIANZ GROUP has set ambitious climate commitments:

• Net-Zero by 2030 for Own Operations: The company aims for a 50% reduction in GHG emissions by 2025 (versus a 2019 baseline) and net-zero emissions by 2030 across its own operations (Scope 1 and 2).
• Significant Reductions in Investment Portfolios:
  • They target a 25% reduction in Scope 1 and 2 emissions from listed equities and tradeable corporate bonds by year-end 2024, against a 2019 baseline.
  • A 28% absolute carbon reduction for direct equity investments is aimed for by year-end 2025, from a 2020 baseline.
  • For listed corporates (corporate bonds and listed equity), a 50% reduction in absolute financed GHG emissions is targeted by 2030, compared to a 2019 baseline.
  • Gross emission intensity for both listed and non-listed corporate exposure is set to be reduced by 50% by 2030, against a 2019 baseline.
• Operational Efficiency Targets:
  • The company aims to reduce Scope 1 emissions per employee by 66% by 2030 and Scope 2 emissions per employee by 89% by 2030, both against a 2019 baseline.
  • Additionally, a 65% reduction in GHG emissions per employee across Scope 1, Scope 2, and selected Scope 3 emissions is targeted by 2030, also against a 2019 baseline.
• Long-Term Net-Zero: ALLIANZ GROUP is committed to achieving net-zero GHG emissions in its proprietary investment portfolio by 2050, consistent with a 1.5°C pathway.