April 12, 2018
By Don Jergler
Alianz says it’s further integrating ecological (click here) and social responsibility into its core business.
The insurance giant, which is already known for its sustainable bent, this week issued a 2017 Sustainability Report that documents Allianz Group’s achievements in corporate responsibility, with a focus on climate protection and social inclusion.
The Munich, Germany-based carrier in announcing the release of its report noted that the company leads the Dow Jones Sustainability Index as the best in its sector.
“A strong record in sustainability counts as a sign of strength for investors, attracts employees who want a socially engaged employer, and serves a growing market in sustainable financial products,” Allianz said in a statement.
The carrier referred to making investments of more than 5.6 billion Euros ($691 billion) in renewable energy, with a portfolio that includes 81 wind farms and seven solar farms in Europe and the U.S. The company’s investments in certified green buildings have risen to more than 11 billion Euros ($13.56 billion).
In 2017, Allianz made it standard practice to include ecological, social and governance criteria, on top of financial considerations, in all insurance premium investment decisions.
This so-called ESG investing is applied to all tradable assets, according to Allianz.
The carrier’s sustainability activities are aimed at helping to help build a low-carbon, socially stable society.
