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 56 is higher than 98% 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 2023, Allianz Group reported total carbon emissions of approximately 136,447,900 kg CO2e, comprising 31,773,700 kg CO2e from Scope 1, 7,929,200 kg CO2e from Scope 2, and 96,745,100 kg CO2e from Scope 3 emissions. This represents a significant reduction from previous years, with total emissions decreasing from about 153,910,000 kg CO2e in 2022 and 138,746,000 kg CO2e in 2021. Allianz has set ambitious targets to further reduce its carbon footprint. The company aims to achieve a 30% reduction in absolute carbon emissions within its motor retail portfolio by 2030, using 2022 as the baseline year. This target applies to both Scope 1 and Scope 2 emissions, reflecting Allianz's commitment to sustainability and climate action. The company has consistently disclosed its emissions across all three scopes, demonstrating transparency in its environmental impact. Allianz's ongoing efforts to mitigate climate change are crucial in the context of the insurance and financial services sector, where carbon emissions can be substantial. As a leading global insurer headquartered in Germany, Allianz is positioned to influence sustainable practices within the industry.
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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 |
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 participating in some of the initiatives that 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.
