Allianz

The Allianz Insurance Group is one of the world’s largest insurers with a proud 130 year history, providing support to over 100 million customers across 70 countries.

In Australia, Allianz has been helping to protect the things we love for over 100 years.

The Allianz Insurance Group is one of Australia’s largest general insurers, insuring more than 3.5 million Australians.

Allianz is committed to a net zero emissions future and are decarbonising their operations, insurance portfolio and investments. They are working collaboratively to enable an orderly transition.

2021

Integrating Paris-aligned emissions reduction goals into your organisation’s investment policy or business strategy

Thermal Coal Phase-out

Committed
In progress
Achieved

Allianz is removing thermal coal from proprietary investment and underwriting portfolios.

In 2021, we ceased insuring or investing in infrastructure facilities that derive more than half their revenue from thermal coal.
From 2023, we will no longer provide property & casualty insurance or make proprietary investments in companies that:

  • Plan new coal mines, generate more than 25% of revenue from thermal coal mining, or produce more than 10M tons of thermal coal annually.
  • Have more than 5000MW of installed coal generation capacity, build new coal-fired power plants, or generate more than 25% of revenue from coal annually.
  • Generate more than 25% of revenue through providing services such as maintenance, repair or construction to a coal mine or electricity generation.

Thresholds to tighten progressively, mostly over the period to 2030 with complete phase out by 2040. Exclusion from restrictions may apply to clients with credible decarbonisation plans consistent with the Paris Agreement.

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