Allianz aiming for net-zero emissions by 2030
Allianz has unveiled its first comprehensive net-zero transition plan, reinforcing its commitment to achieving net-zero emissions by 2050 in its investment and property & casualty (P&C) insurance portfolios, and by 2030 for its own operations.
Allianz has unveiled its first comprehensive net-zero transition plan, reinforcing its commitment to achieving net-zero emissions by 2050 in its investment and property & casualty (P&C) insurance portfolios, and by 2030 for its own operations.
The plan includes specific targets for 2030, such as a 45% reduction in emission intensity across various lines of Allianz’s corporate insurance business and a 30% reduction in carbon emissions in nine key European motor insurance markets.
Allianz also aims to achieve 150% profitable growth in revenues from renewable energy and low-carbon technology solutions in the commercial insurance segment by 2030. As part of its investment strategy, Allianz plans to invest an additional €20 billion in climate and cleantech solutions, supporting the EU sustainability regulation.
The plan emphasizes transparency and trust-building and aligns with the goal of a full decarbonization of Allianz’s insurance and investment portfolios by 2050.
