Allianz Insurance plc Sustainability Profile
Allianz Insurance plc, a prominent player in the UK insurance market, is headquartered in Great Britain and operates extensively across Europe and beyond. Founded in 1890, Allianz has established itself as a leader in the insurance industry, offering a diverse range of products and services, including life, health, and property insurance. What sets Allianz apart is its commitment to innovation and customer service, ensuring tailored solutions that meet the unique needs of individuals and businesses alike. With a strong market position, Allianz has received numerous accolades for its reliability and financial strength, making it a trusted choice for millions. As part of the global Allianz Group, the company continues to build on its rich heritage while adapting to the evolving landscape of the insurance sector.
DitchCarbon Score
How does Allianz Insurance plc'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 Insurance plc's score of 28 is lower than 53% 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 Insurance plc's reported carbon emissions
In 2022, Allianz Insurance plc reported total carbon emissions of approximately 3,432,989 kg CO2e for Scope 1 and 2 combined, with Scope 1 emissions at about 3,432,989 kg CO2e and Scope 2 emissions at approximately 2,388,140 kg CO2e. This reflects a decrease from 2021, where emissions were about 3,532,599 kg CO2e for Scope 1 and approximately 2,503,965 kg CO2e for Scope 2. Allianz Insurance plc has not disclosed any Scope 3 emissions data, indicating a focus on direct and indirect emissions from their operations and energy use. The company has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges, which suggests a need for further commitment in this area. The emissions data is cascaded from Allianz Insurance plc's corporate family, reflecting their current subsidiary status within the Allianz Group. This data highlights the company's ongoing efforts to monitor and report on their carbon footprint, although further action may be necessary to align with industry standards for climate commitments.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 3,532,599 | 0,000,000 |
| Scope 2 | 2,503,965 | 0,000,000 |
| Scope 3 | - | - |
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Allianz Insurance plc'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 Insurance plc has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
