Allianz again top-ranked in the Dow Jones Sustainability Index rating
Sydney, 26 October 2011
In the latest review of the Dow Jones Sustainability Indexes, the global Allianz Group not only retained its top position among the sustainability leaders in the insurance industry but also improved its score by 2 points to 81, placing it head-to-head with the insurance "Super Sector Leader" Swiss Re.
"We have been recognised for our sustainability performance for a number of years," says Terry Towell, Managing Director of Allianz Australia. "Being rated again as one of the sustainability leaders in our industry vindicates that sustainability really is a part of what we do at Allianz. It is core to our business strategy."
Allianz is especially recognised as leading the industry in:
- Access to insurance: providing insurance to low-income households and contributing to strengthen local insurance systems Allianz offers a variety of microinsurance products and has more than four million customers, especially in Asia and Africa;
- Brand management: structured approach to manage the brand at a strategic level and the high degree of alignment of our brand management strategy with the sustainability positioning At the heart of the Allianz "One" campaign is encouraging dialogue and sharing knowledge and expertise among Allianz customers, employees and all other stakeholders;
- Risk detection: Early detection of environmental, social and ethical risks in product development. The global Allianz Group has already developed around 70 insurance, assistance and asset management solutions that help mitigate climate change.
Mr Towell said, The global Allianz Group achieved its target to reduce its greenhouse gas emissions by 20 percent by 2012 compared to 2006, two years ahead of schedule. In Australia, we reached our target even earlier, reducing our CO2 emissions by over 30% by 2009. To build on this success and further our efforts in this area, the global Allianz Group has now committed to become carbon neutral by the end of 2012.
Allianz has been included in the Dow Jones Sustainability Index since 2000 with excellent ranking positions.
The Dow Jones Sustainability Indexes track the financial performance of the leading sustainability-driven companies worldwide, and provide asset managers with reliable and objective benchmarks to manage sustainability portfolios. Companies included in the DJSI must meet stringent criteria. The annual review of the DJSI family is based on a thorough analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, branding, climate change mitigation, supply chain standards and labour practices. It accounts for general as well as industry specific sustainability criteria for each of the analysed 57 sectors which roll up into 19 Super Sectors.
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General Insurance Company of the Year 2011**
Best General Insurance Company of the Year 2010*
General Insurance Company of the Year 2009** Best General Insurance Company of the Year 2007*
Best General Insurance Company of the Year 2006*
The Allianz Australia Group operates in Australia and New Zealand. It includes one of Australia’s largest general insurers, a leading private workers compensation insurer, and a life insurer.
Allianz Australia delivers a wide range of personal, commercial and corporate insurance products and services. It is proud to be of service to more than 2 million policyholders and over 50% of Australia’s top 200 BRW-listed companies have some form of insurance cover with the Group.
Allianz Australia has approximately 3500 employees and is a wholly-owned subsidiary of the worldwide Allianz SE Group, one of the world’s largest financial services companies.
* Australian Banking and Finance Insurance Awards
** Australia and New Zealand Insurance Industry Awards