For the first time, Allianz published its Sustainability
Report concurrently with the Group's Annual Report.
Thus, the Report on the company's most important
sustainability initiatives is not only being published much
earlier than in previous years, but also now aligned with
the general reporting on Allianz business. In addition,
Allianz had its environmental data verified by an
independent auditor (KPMG) for the first time. The Report
not only fulfills the highest international reporting
standards (GRI A+), but also meets the requirements of the
German Sustainability Code. With this approach, we strive
to be transparent in our sustainability performance to all
"The crises and changes that surround us pose a
challenge", said Michael Diekmann, Chairman of the
Board of Management of Allianz SE. "But they are also
encouraging Allianz to transform itself. Our guiding
compass for success here will be our focus on our clients
and our attention to sustainability. These will enable us
to detect the need for action, as well as opportunities, at
an early stage."
Through its engagement in the environmental, social and
governance field Allianz is contributing proactively to the
kind of progress that brings genuine advances in society,
as Allianz SE's CEO Michael Diekmann points out:
"Sustainability is part of Allianz' DNA as an
insurer. Our achievements have been recognized by the
leading sustainability rating agencies. The real benchmark,
however, lies in continuing to meet the changing needs of
our customers. These needs, the way in which they change in
response to the five global issues, and our business
success form a triangle of sustainability to which we align
our company and its management."
Trendsetting climate investments
As part of its carbon reduction strategy, Allianz defined a
new target for 2015: a further 10 percent reduction of its
carbon footprint, taking the total reduction since 2006 to
Last year Allianz already began investing in carbon
projects, the certificates from which will be used to
offset remaining CO2 emissions, making itself 100 percent
carbon-neutral from 2012. In Kenya, for example, Allianz
invested in the world's first REDD (Reducing Emissions
from Deforestation and Forest Degradation) project. In
addition to protecting more than 200,000 hectares of forest
from being cleared, this project will also preserve
people's living environment and create jobs. In India,
Allianz invested in a project that replaces incandescent
light bulbs with energy-saving lamps in private households.
The CO2 emissions saved by these two projects are
profitably traded in the form of certificates, some of
which will serve to offset the company's own emissions.
Allianz has also increased its direct investments in
renewable energies. The portfolio now comprises 38 wind-
and solar-power farms in Germany, France, and Italy, an
investment of approximately 1.3 billion euros.
Shaping demographic change
In addition to climate protection, Allianz is also
addressing the challenge of demographic change as part of
its sustainability agenda. In 2010, for the first time
ever, more people in Europe retired from the workforce than
entered it. In January 2012, in partnership with the German
federal government, Allianz created the first Berlin
Demography Forum. This is an international platform that
supports universities, governments, business, and society
as they search for alternative solutions to the challenges
of demographic change.
On that note, we are preparing Allianz for the consequences
of demographic change. Long-term succession planning as
well as our diversity efforts play an important role here.
In 2011, along with other DAX-30 companies, Allianz
declared its intention to increase the share of female
leaders in Germany. Specifically, Allianz set itself the
goal of having 30 percent of management positions in
Germany held by women by the end of 2015.
An important signal was sent in 2011 when the first woman
was appointed to Allianz Board of Management.
The full statement of the Board of Management Chairman
Michael Diekmann and additional information on Allianz'
sustainability performance can be found online:
As with all content published on this site, these
statements are subject to our Forward Looking Statement
disclaimer, provided on the right.