Strong partner for climate-friendly business: Allianz invests in sustainable financial products

With its Sustainability Report 2020, the parent company of IDS, Allianz SE, underpins its pioneering role in climate protection and ESG. Through sustainable insurance and financial products, Allianz not only supports the shift to a low-emission economy but also opens up growth opportunities. The volume of investment in sustainable financial products increased by almost EUR 10 billion to EUR 39.3 billion. Allianz invested around EUR 6.8 billion in 116 wind and solar parks in 2020, while investments in certified green buildings rose from EUR 14.6 billion to EUR 18.3 billion. At the same time, asset managers Allianz Global Investors and PIMCO expanded their ESG solutions to client funds, investing a total of EUR 231 billion in sustainable projects and companies.

Allianz is also focusing on sustainability in its business operations: Over the past ten years, greenhouse gas emissions per employee have fallen by 62 percent. The proportion of electricity generated from renewable sources was 57 percent at the end of 2020 and will be expanded to 100 percent by the end of 2023.

The targets remain ambitious: to protect customers from the increasing risks of climate change and to set the course today for a sustainable economy tomorrow. For example, the requirements for companies with carbon-based business activities in investment and property and casualty insurance have been made even more demanding. With an interim target in 2025, Allianz is working to reduce greenhouse gas emissions in the investment of policyholder funds to net zero by 2050 and phasing out coal-based business models in investment and property and casualty insurance by 2040.

IDS supports Allianz SE's climate-related financial reporting with portfolio carbon footprint analysis and a specially developed carbon stress test for the listed securities portfolio, among other services.