• Published industry’s first fully CSRD-compliant Annual Report, reinforcing transparency and accountability.
• Achieved significant emissions reductions across insurance portfolios, investments, and operations.
• Increased sustainable investments and revenues, accelerating customer transitions to sustainable practices.

Allianz demonstrated substantial progress on its climate strategy in fiscal year 2024, positioning itself as a benchmark in sustainability reporting and business resilience.

The publication of the insurance industry’s first fully CSRD-compliant Annual Report, assured by reasonable audit, underscores Allianz’s commitment to transparency, comparability, and accountability in sustainability.

Günther Thallinger, Member of the Board of Management at Allianz SE, noted:

“Our environment is marked by manifold challenges – value loss due to inflation, sluggish economic development, as well as sustainability agendas that are critically reviewed in some sectors and countries. At Allianz, we remain steadfast in our views and our ambitions. We have made concrete progress on our intermediate 2030 targets, contributed to Allianz’s P&C growth and investment performance, supported communities, and worked as a unifying force, bringing together diverse stakeholders to explore ways to turn today’s challenges into opportunities. We are convinced that jointly, we will create a more resilient future for us all.”

Environmental Impact Drives Resilience

Allianz achieved meaningful greenhouse gas (GHG) emission reductions:

• Motor retail insurance emissions reduced by 6.8% since 2022.
• Commercial insurance portfolio emissions down by 11.7% since 2022.
• Proprietary investment emissions cut by 50.7% from 2019 levels.
• Operational emissions per employee reduced by 61.5% from 2019.

These reductions strengthen Allianz’s resilience and long-term value creation capabilities.

RELATED ARTICLE: Allianz Trade Launches Surety Green2Green for Low-Carbon Project Financing

Supporting Customers’ Sustainability Transitions

Allianz significantly increased sustainable solutions, driving customer transitions:

• Sustainable investments grew by €4.5 billion to €171.9 billion.
• Property & Casualty (P&C) sustainable solutions revenue reached €4.9 billion, up €1.9 billion from the prior year.

A notable innovation, Allianz Trade’s Surety Green2Green, provides surety bonds for sustainable projects, reinvesting premiums into green bonds to continually support sustainable development.

Positive Community and Employee Impact

Allianz remains deeply committed to employee development and community support:

• Increased average learning hours per employee to 60.1, up by 10.1 hours from 2023.
• Contributed €33.3 million to community and charitable efforts, supporting disaster relief and nonprofit initiatives.

Emilia Macarie, Chief Sustainability Officer at Allianz SE, highlighted:

“2024 has been a challenging year, with severe natural catastrophes making it the third most expensive year on record for insurers globally. Yet, less than 50% of these losses were insured, highlighting that the impact extends beyond us, insurers – it affects businesses, individuals, and society at large. Beyond physical risks, transition risks are also growing. Despite these challenges, at Allianz we have stayed the course on our sustainability commitments, integrating them into our business, and demonstrating resilience, as reflected in our results. Looking ahead, we remain focused on delivering on our strategy, driving credible progress, and protecting and growing our customers’ assets through innovative solutions and adaptation measures. At the same time, we continue to support our employees and create value for our shareholders.“

Looking Ahead

Allianz remains committed to expanding sustainable offerings, strengthening resilience, and enhancing value for stakeholders, setting clear targets towards a sustainable and resilient future by 2030 and beyond.

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