Company Score

Industry Insurance
Country Germany
Year Added 2018
Impact Ratings 552
Impact Notes 16
SDG Covered 7 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

Gender Equality

Allianz surpassed its target of 25% women on Boards of Management and 40% women in talent pools by 2021 in 2019

Profile Kanika.Khandelwal
Icon time Mon Jun 22nd, 2020 at 8:22am

Although the global finance workforce comprises of 46% of women, only 15% of women are present at executive levels 2. Also, female representation at ExCo level in finance remains dominated by HR, Marketing and compliance roles 1;p5. In 2016, while 50% of women HR heads in finance globally, female CEOs were just 8% 1;p5 In Germany, just 10% of women represented ExCo positions in the financial sector in 2016 1;p5.

No Poverty

Allianz’s association with SOS Children’s Villages help 5,700 young people in getting better chance to employment

Profile Sandhyani.Borah
Icon time Mon May 18th, 2020 at 11:39am

According to a report published by the International Labour Organization, 13.6% of world’s youth stood unemployed in 2019 1; p13.  There has been a significant variation in the percentage of unemployed youth between developed and developing countries. North America’s youth unemployment rate stands at 9% and on the other hand, the youth unemployment rate in North Africa is 30% 1 p13.

Good Health and Well-being

Allianz providing access to telehealth, in Q1 2020 saves 40,000 visits to a doctor's office related to coronavirus

Profile David Laou
Icon time Mon May 18th, 2020 at 4:42am

The coronavirus pandemic and the consequent lockdowns across the world stress the importance of digitalization: doctors are safer at home than in hospitals or in their offices when receiving affected patients. As general guidance, it is safer for everyone to stay at home as much as possible.[1][2] The  WHO recommends to always call in advance and get a health diagnosis from home when possible.[3]
Telehealth allows patients and even medical workers to access consultation, care, reminders, education, intervention, monitoring and remote admissions using digital tools. Telehealth has been identified as a tool towards implementing SDG 3, as partnerships have shown.[4]

Decent work and Economic Growth

Repeated salary cap breaches has led Allianz to stop sponsoring Saracens

Profile mq_amit
Icon time Mon May 4th, 2020 at 7:40am

Allianz, the German Financial Service Provider, has decided to withdraw its sponsorship from Saracens, the ruling champions of the English Premiership Rugby Union, a year early as the club is standing at the threshold of relegation for engaging in a salary cap scandal 1.

Climate Action

Since 2015, Allianz pulled out a total of €225 million from businesses who were not able to minimize their coal dependency

Profile mq_amit
Icon time Mon May 4th, 2020 at 7:25am

As per the reports of the International Energy Agency (IEA), coal is responsible for making around 44% of energy-based emissions. CO2 emissions have increased to 33.1 billion tons in 2018, globally. The present coal-fired plants produce 10 billion tons of that while the situation is on the edge as 800 new plants are planned to be constructed. To control global warming within 1.5oC, the United Nations Intergovernmental Panel on Climate Change suggested minimizing 59% of dependence on coal power by 2030 and reduced to zero by 2050 1.