We encourage solutions for tomorrow’s climate. We aim to anticipate the risks of climate change, and work to support and care for our customers
Getting ready for a more sustainable future
Making your buildings environmentally friendly
If you have Buildings cover and your building is totally destroyed and needs to be rebuilt, Allianz will pay up to $5,000 (after the deduction of any government or council rebates) to help with the costs to install environmental systems such as solar power systems and rainwater tanks.
This benefit is available under most of our Home and Landlord Insurance products. Refer to the Product Disclosure Statement for full terms, conditions, limits and exclusions that apply.
This benefit is available under most of our Home and Landlord Insurance products. Refer to the Product Disclosure Statement for full terms, conditions, limits and exclusions that apply.
We're ready for changing vehicles
Our commitment to a healthy planet
Moving toward net zero emissions and addressing climate change is important to us. We’re committed to taking proactive steps to help secure 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.
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
We’ve set reduction targets across energy use, business travel and paper use to help us reduce the environmental footprint from our business operations. We’re committed to reaching net-zero greenhouse gas emissions in our business operations by 2030.
Using renewable energy where we can
In 2022, 76% of the electricity we used in Australia came from renewable sources. In 2023, we aim to increase this to 100% as part of our RE100 commitment.
Green Specs: Turning blueprints green
We’ve partnered with the Green Building Council of Australia (GBCA) to launch the Sustainable Home Renovations Guide and Green Specs, an online tool to help you make your home more sustainable.
Local collaborations
Disaster Relief Australia (DRA)
We’ve partnered with this veteran-led organisation since 2020. When disaster strikes, DRA works alongside local agencies and government to help service those who are vulnerable and in need. Through its ‘Big Map’ capability, DRA also proactively helps prepare communities for disaster and works with them to test scenarios, identifies vulnerabilities, and helps them understand what it means to be ready.
Australian Sustainable Finance Institute (ASFI)
We’re a founding member of ASFI which was established to realign the Australian financial services system. ASFI helps to ethically direct money towards activities and initiatives that help Australia meet sustainable development goals.
Insurance Council of Australia Climate Change Roadmap
The Insurance Council of Australia is the representative body of the general insurance industry in Australia. This roadmap reflects, and provides guidance on, the Australian insurance sector’s commitment to achieving net zero emissions. We’re part of the Climate Resilience and Mitigation Committee, Net Zero Working Group, and the Built Environment Working Group.
What Allianz Group is doing globally
The Allianz Group has a long-term commitment to reduce the carbon emissions of its operations as well as those of its investments and insurance business, in line with science-based scenarios.
Targeting Net-Zero Emissions by 2050
In 2023, Allianz Group published its first comprehensive net-zero transition plan. It outlines intermediate targets to achieve by 2030 to reduce greenhouse gas emissions across business operations, proprietary investment portfolio, and Property and Casualty Insurance business.
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.
Global collaborations
Net-Zero Asset Owner Alliance
The Allianz Group was a founding member of the United Nations-convened Net-Zero Asset Owner Alliance. Alongside other global investors, we support companies in their low-carbon transition. Members share a vision to decarbonise the global economy and will align their portfolios to net-zero greenhouse gas emissions by 2050.
RE100
This global initiative led by the Climate Group in partnership with Carbon Disclosure Project brings together large, environmentally conscious businesses. Members must make a commitment to transition to 100% renewable electricity by 2050. Being a part of this initiative makes sure our business operates sustainably now and into the future.
EV100
EV100 brings together forward-looking companies committed to accelerating the transition to electric vehicles. Allianz joined EV100 and has committed to transition our corporate fleet of vehicles to 100% electric by 2030.
We're here to help
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Disclaimer
- 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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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.