Allianz's commitment to climate protection

24 November 2020
  • The Allianz Group has had a climate strategy in place since 2005 to actively support the global transition to a low-carbon economy. Allianz implements its climate strategy in its insurance, investment and asset management divisions and in its business operations, and was one of the first insurance companies to set itself climate goals, currently in line to the Paris Climate Agreement target to limit warming to well-below 2 degrees.
  • As part of our long-term commitment, Allianz was a founding member of the UN-convened Net-Zero Asset Owner Alliance, making a commitment to reduce the carbon emissions of our investment portfolios to net-zero by 2050. In 2018, Allianz also joined the Science Based Targets initiative (SBTi) commitment to achieving a carbon-free economy. At this time, Allianz withdrew from providing Property and Casualty insurance for single coal-fired power plants and coal mines (operational or planned) and we are phasing out coal entirely across our business. Allianz has taken these steps because we understand that effective climate change response requires immediate action and ongoing change as the global economy shifts.
  • Allianz will continue to regularly review our strategies and further integrate sustainability into our core business in the coming years. To this end, we work together with other investors as well as scientists, governments and maintain a regular dialogue with NGOs.
  • PIMCO is an investment management company owned by Allianz SE, however, we cannot comment on the client mandates of our subsidiaries for reasons of confidentiality.
  • Further information about Allianz’s global approach to sustainability can be viewed at Allianz Sustainability.  
For any media enquiries, journalists can contact our Media team.
Allianz Australia has been securing the future of our customers in Australia since 1914. We deliver a wide range of personal, commercial, and corporate insurance products and services to more than 3 million policyholders. We also provide support for workers compensation insurance to around 25% of the top 200 ASX companies, making us one of the leading workers compensation insurers in Australia.

Allianz Australia Limited is a wholly owned subsidiary of the worldwide Allianz Group. The Allianz Group is one of the world's leading insurers and asset managers with corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life, and health insurance to assistance services, credit insurance and global business insurance. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index.
This article has been prepared by Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL234708 (“Allianz”). In some cases, information has been provided to us by third parties and while that information is believed to be accurate and reliable, its accuracy is not guaranteed in any way.

Any opinions expressed constitute our views at the time of issue and are subject to change. Neither Allianz, nor its employees or directors give any warranty of accuracy or accept responsibility for any loss or liability incurred by you in respect of any error, omission or misrepresentation in this article.
Allianz acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Custodians of the lands on which we live and work across Australia. We pay our respect to First Nations Elders past and present.

Any advice here does not take into account your individual objectives, financial situation or needs. Terms, conditions, limits and exclusions apply. Before making a decision about this insurance, consider the relevant Product Disclosure Statement (PDS)/Policy Wording and Supplementary PDS (if applicable). Where applicable, the PDS/Policy Wording, Supplementary PDS and Target Market Determination (TMD) for this insurance are available on this website. We do not provide any form of advice if you call us to enquire about or purchase a product.

Allianz Australia Insurance Limited ABN 15 000 122 850 AFS Licence No. 234708 is the insurer of any general insurance products offered, and Allianz Australia Life Insurance Limited ABN 27 076 033 782 AFS Licence No. 296559 is the insurer of any life insurance products offered. Each entity is responsible for any statements and representations made about its products, on this website.