Company Score

Industry Insurance
Country Germany
Year Added 2018
Impact Ratings 726
Impact Notes 20
SDG Covered 10 out of 17

European multinational financial services company Allianz SE is headquartered in Munich. It is the world's largest insurance company with its core businesses being insurance and asset management. It is also the largest financial services group in the world. PIMCO, Allianz Global Investors and Allianz Real Estate form its asset management division and has €1,960 billion of assets under management.

Read about Allianz and its impact below.

Impact notes

Affordable and Clean Energy

In 2020, Allianz consumed 588,969 MWh of energy, of which 41.4% was from renewables

Profile Benazir Thanveer
Icon time Thu Jun 10th, 2021 at 1:40pm

The combustion of fossil fuels for energy production is the primary driver to the rising level of climate-damaging GHGs, leading to global warming1. Global warming causes several environmental issues such as increased temperatures, and wildfires2. In 2019, Germany consumed 3.65 Bn MWh of primary energy, of which fossil fuels accounted for 77.4%3. In the same year, the capita annual energy usage in Germany was 43.7 MWh3.

Peace, Justice and Strong Institutions

Allianz is one of the largest financiers of weapons worldwide, with investments worth $4,281Mn

Profile Paushali Bhattacharya
Icon time Wed Jun 9th, 2021 at 9:20pm

There has been a noticeable increase in armed conflicts in the last 30 years, which has resulted in a significant number of casualties1;p4. Armed conflicts destroy societies, limit the availability of basic services, cause forced migration, and expose vulnerable communities to death and disease2.  In 2018, more than 70 million (mn) people fled from war, persecution, and conflict3.

Sustainable Cities and Communities

Allianz provides various types of insurance covers to about 3 9 billion people in India

Profile Surbhi Kohli
Icon time Mon Apr 12th, 2021 at 12:16pm

In 2019, the global insurance market was valued at $5,939.5 billion and is expected to grow by ~15.7% and reach $6,840.7 billion in 20231. With an insurance gap of $27 bn, India was the second-most underinsured country globally2. Approximately 3/4 of the country's population (~988 million people) does not have any life insurance10. Even those with insurance are grossly underinsured10. For every insurance requirement worth $1.33, an average person in the country has insurance worth only $0.532.

Life on Land

Allianz’s involvement with L&T in India raises questions over the company’s deforestation policy

Profile Ankita Chatterjee
Icon time Mon Sep 14th, 2020 at 9:54am

Every year, road construction and other development projects cut down around 7 billion trees15. Between 2015 and 2018, India lost 20,314 hectares of forest land17. Out of which, over 11,467 hectares were diverted in 2019 alone for road construction and other development14. Deforestation causes global warming4 and costs wildlife habitat16.

Decent work and Economic Growth

Allianz Engagement Survey showed an employee engagement rate of 72% in 2019, as against 70% in 2018

Profile Prachi Maulingker
Icon time Fri Jul 24th, 2020 at 9:49am

The global employee engagement rate in 2019 was 66%4;p3. 94% of employees in 2019, experienced high levels of occupational stress and 54% reported a loss of sleep due to work pressure5. 87% of employees expect their companies to support work-life balance6.