Getting ready for a more sustainable future
Making your buildings environmentally friendly
This benefit is available under most of our and Insurance products. Refer to the Product Disclosure Statement for full terms, conditions, limits and exclusions that apply.
Our commitment to a healthy planet
We identify and manage climate-related risks and opportunities within our business operations, products, and services. We assess our insurance business and our proprietary investments against environmental, social, and governance (ESG) criteria, considering matters such as carbon emissions, energy efficiency and biodiversity.
Climate change is a global issue. In Australia and across the Allianz Group, we set targets to work to reduce our environmental footprint.
What we’re doing in Australia
Reducing emissions from our own operations
Green Specs: Turning blueprints green
Disaster Relief Australia (DRA)
Australian Sustainable Finance Institute (ASFI)
Insurance Council of Australia Climate Change Roadmap
What Allianz Group is doing globally
Targeting Net-Zero Emissions by 2050
Phasing out fossil fuels
Investing in renewable energy solutions
Globally, we’ve invested in more than 100 wind and solar parks.
Allianz began investing in renewables in 2005 and we’re insuring projects in 70 countries worldwide. We aim to scale renewable energy and low carbon technology.
Net-Zero Asset Owner Alliance
We're here to help
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- Battery thermal runaway for EVs is covered under fire, provided there has been no deviation from manufacturer specification in relation to battery usage and charging.
- If you choose your own repairer, we may need a second quote from another repairer chosen by us just to make sure the quote you've received is reasonable. We may then authorise repairs, pay you reasonable repair costs or the car’s agreed value or replace your new car where policy conditions are met.
- This excludes statutory personal liability insurance schemes such as workers compensation or CTP insurance. These schemes limit the ability of insurers to make decisions about industries they will cover. The primary purpose of these statutory schemes is to ensure universal coverage of workers for workplace injuries (for workers compensation) and universal coverage for people injured in car accidents. These public policy considerations override the ability of insurers like Allianz to decide not to extend statutory cover like workers compensation to coal-fired plant operators or entities whose sole purpose is to serve them.
- From 1 January 2023, Allianz will stop investing and underwriting new single-site or stand-alone oil and selected gas projects. This restriction on underwriting and investment will apply to all oil and gas activities related to the Arctic (As defined by AMAP13, excluding operations in Norwegian territories) and the Antarctic, as well as extra-heavy oil and in the ultra-deep sea.
As of January 1, 2025, Allianz will only insure and invest in those oil and gas companies which have committed to achieving net-zero greenhouse gas emissions by 2050 in alignment with science-based 1.5°C pathways, across all three greenhouse gas emission scopes. This applies to major oil and gas companies with above 60 million barrels of oil equivalent production in 2020 that are estimated to represent about 85 percent of the hydrocarbon production of the oil and gas industry combined. Additionally, the companies should ideally align their operations and disclosures with the Climate Action 100+ Net-Zero Company Benchmark requirements.
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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 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.