ALLIANZ GROUP
Allianz Group, a leading global insurance and financial services provider, is headquartered in Munich, Germany. Founded in 1890, Allianz has established a strong presence in over 70 countries, with significant operations across Europe, North America, and Asia. The company operates primarily in the insurance and asset management sectors, offering a diverse range of products including life, health, property, and casualty insurance. Renowned for its customer-centric approach, Allianz Group distinguishes itself through innovative solutions and a commitment to sustainability. With a robust market position, it consistently ranks among the top insurers worldwide, recognised for its financial strength and reliability. Key milestones in its history include the expansion into emerging markets and the integration of digital technologies to enhance customer experience.
DitchCarbon Score
How does ALLIANZ GROUP's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
ALLIANZ GROUP's score of 71 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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ALLIANZ GROUP's reported carbon emissions
In 2024, Allianz Group reported total carbon emissions of approximately 144,737,200 kg CO2e. This includes Scope 1 emissions of about 36,160,900 kg CO2e, Scope 2 emissions (market-based) of approximately 5,947,000 kg CO2e, and significant Scope 3 emissions totalling around 102,629,300 kg CO2e, with business travel contributing about 55,873,800 kg CO2e. Comparatively, in 2023, Allianz's total emissions were about 136,447,900 kg CO2e, with Scope 1 at approximately 31,773,700 kg CO2e and Scope 2 (market-based) at around 7,929,200 kg CO2e. The Scope 3 emissions for that year were approximately 96,745,100 kg CO2e. Allianz has set ambitious climate commitments, aiming for a 50% reduction in greenhouse gas (GHG) emissions by 2025 compared to 2019 levels, with a long-term goal of achieving net-zero emissions by 2030 for its own operations. Additionally, the company targets a 25% reduction in emissions from its listed equities and tradeable corporate bonds by the end of 2024, relative to the 2019 baseline. The Group's strategy includes a commitment to reach net-zero GHG emissions across its business by 2050, aligning with the 1.5°C pathway. Specific interim targets include reducing GHG emissions per employee by 30% by 2025 and enhancing the use of renewable electricity in its operations to 100% by the end of 2023. Overall, Allianz Group is actively working towards significant emissions reductions across all scopes, demonstrating a strong commitment to sustainability and climate action.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 51,838,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 167,888,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 159,719,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
ALLIANZ GROUP is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
