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 45 is higher than 63% 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 2024, Allianz Insurance plc reported total carbon emissions of approximately 14.4 million kg CO2e. This total comprises 920,590 kg CO2e from Scope 1 emissions, 6,217,290 kg CO2e from Scope 2 emissions, and 7,218,730 kg CO2e from Scope 3 emissions. In comparison, the previous year, 2023, the company emitted about 6.6 million kg CO2e, with Scope 1 emissions at 1,417,080 kg CO2e, Scope 2 at 5,197,090 kg CO2e, and Scope 3 at 3,022,000 kg CO2e. Allianz Insurance plc has not disclosed specific reduction targets or initiatives as part of its climate commitments. The company operates as a current subsidiary within the Allianz Group, and its emissions data is cascaded from the parent organization, Allianz Insurance plc. The absence of documented reduction targets suggests a need for further commitment to climate action within the insurance sector. Overall, Allianz Insurance plc's emissions reflect a significant reliance on both direct and indirect sources, highlighting the importance of comprehensive strategies to address climate impact across all scopes of emissions.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 3,532,599 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 2 | 2,503,965 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | 0,000,000 | 0,000,000 |
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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.
