Allianz Life Insurance Company of North America Sustainability Profile
Allianz Life Insurance Company of North America, a prominent player in the insurance and financial services industry, is headquartered in Minneapolis, Minnesota. Founded in 1896, the company has established a strong presence across the United States, focusing on innovative solutions in life insurance, annuities, and retirement planning. With a commitment to helping individuals secure their financial futures, Allianz Life offers a range of unique products, including fixed indexed annuities and life insurance policies tailored to meet diverse client needs. The company is recognised for its customer-centric approach and robust financial strength, consistently earning high ratings from industry analysts. As a subsidiary of Allianz SE, Allianz Life has achieved significant milestones, positioning itself as a trusted provider in the market. Its dedication to innovation and customer service has solidified its reputation as a leader in the life insurance sector.
DitchCarbon Score
How does Allianz Life Insurance Company of North America'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 Life Insurance Company of North America's score of 77 is higher than 88% 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 Life Insurance Company of North America, headquartered in the US, currently does not have specific carbon emissions data available for the most recent year. The company is a current subsidiary of Allianz SE, which cascades its climate commitments and emissions data through a corporate family relationship. As part of its climate strategy, Allianz SE has set various reduction initiatives that influence Allianz Life's commitments. These include participation in the Science Based Targets initiative (SBTi), the Carbon Disclosure Project (CDP), and the RE100 initiative, all at a cascade level of 3. However, specific reduction targets or achievements for Allianz Life Insurance Company of North America have not been disclosed. While no absolute emissions figures are provided, Allianz Life is aligned with its parent company's broader sustainability goals, which aim to address climate change and reduce carbon footprints across its operations. The absence of specific emissions data highlights the ongoing need for transparency and commitment to climate action within the insurance sector.
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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 Life Insurance Company of North America's Industry?
How Carbon Intensive is Allianz Life Insurance Company of North America's Location?
Allianz Life Insurance Company of North America's Scope 3 Categories Breakdown
Allianz Life Insurance Company of North America'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.
Top Scope 3 Categories
Allianz Life Insurance Company of North America'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 Life Insurance Company of North America 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.
