Allianz
More information available in H2-2024

Current Score (vs. LY)

8.0 pts (-)

Last Update: Nov. 21, 2023

Current Rankings

Global: #401

DAX: #33

Financials: #54

26.7%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

0.0%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

0.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021
Scope 1 28,699
Scope 2 - location-based 149,599
Scope 2 - market-based 54,689
Scope 1-2 - location-based 178,298
Scope 1-2 - market-based 83,388
Scope 3 55,359
Total - location-based 233,657
Total - market-based 138,747

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 5,513,9404,351,058
Methodology Pre-calculated sector intensity (revenue)Pre-calculated sector intensity (revenue)

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)


Emissions Trajectory not available



Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Allianz belongs to the sector Financials.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Zero Future Commitments

There is no net zero target recorded in our database. Email us to report missing information Email


Science-based Targets (SBTI)

Date Published / Updated :01/05/2018

Near-term Long-Term Net Zero Standard
Removed No target No
Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Allianz by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits No
Separate targets for emission reductions and removals No
Conditions on use of offset credits None
Plans for carbon dioxide removal (CDR) Yes (nature-based and CCS-based removals)

Additional notes: Own operations: - "For year-end 2030, we target GHG emission reductions of 70% and foryear-end 2029, -65% ... To address the remaining 30% of the emissions, we will use high-quality carbon removal solutions." (p. 8, https://web.archive.org/web/20231114123625/https://www.allianz.com/content/dam/onemarketing/azcom/Allianz_com/sustainability/documents/Allianz_Inaugural-Net-Zero-Transition-Plan.pdf) Proprietary Investments: - "For our 2030 targets for proprietary investments and P&C underwriting, we do not see a role for carbon removal offsets. Our own operations seek net-zero by 2030; until then we will prioritize reducing our emissions and use removal-based offsetting only at the end of our net-zero journey." (p. 3, https://web.archive.org/web/20231114123625/https://www.allianz.com/content/dam/onemarketing/azcom/Allianz_com/sustainability/documents/Allianz_Inaugural-Net-Zero-Transition-Plan.pdf) Long-term: - "Our net-zero targets will likely require the use of atmospheric carbon removal in the respective net-zero targets year. For this, we expect to only use high-quality carbon removal. Our focus remains on GHG emission reductions" (p. 49, https://web.archive.org/web/20240605190304/https://www.allianz.com/content/dam/onemarketing/azcom/Allianz_com/sustainability/documents/Allianz_Group_Sustainability_Report_2023-web.pdf) Allianz will use sinks/credits to realize its netzero goals. As stated above, these are required to be 'high-quality' although no defnition for 'high-quality has been provided yet. The following information was provided directly to NZT by Allianz: - 2030 targets "will not use offsetting credits" - "We will use only carbon removal for getting to net-zero state in the respective targets years (2030 for operations, 2050 for portfolios i.e. scope 3 - cat 15)" - "We specify to use only high-quality removal credits, tech + natural (though we are not as detailled as your options)"

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 0.0 10.0 -
2 Scope 3 emissions are fully reported and externally-verified 0.0 10.0 -
3 CDP score demonstrates the level of transparent disclosures 8.0 10.0 -
Transparency 8.0 30.0 -
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 0.0 10.0 -
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 -
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 -
7 Targets are science-based as validated by SBTi 0.0 10.0 -
Commitments 0.0 40.0 -
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
10 Implied Temperature Rating by MSCi 0.0 10.0 -
Results 0.0 30.0 -
Total 8.0 100.0 -


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? NC 0.0 / 5.0 -
Are S1+S2 figures verified by a 3rd-party for the last reporting year? NC 0.0/ 5.0 -
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? NC 0.0 / 5.0 -
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? NC 0.0 / 5.0 -
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? B 8.0 / 10.0 -
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? NC 0.0 / 3.0 -
Does the net zero target include an intermediate target by 2030? NC 0.0 / 3.0 -
Does the net zero target include all the emissions? NC 0.0 / 4.0 -
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? NC 0.0 / 5.0 -
Target year for achieving net zero emissions for S1+S2+S3 combined? NC 0.0 / 5.0 -
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?
0.0 / 5.0 -
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 -
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Removed NA 0.0 / 10.0 -
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: None°C 0.0 / 10.0 -
Total 8.0 / 100.0 -


Available Data Sources

Reporting Year 2021
Source Yourstake
Publication Year 2022
Scope 1 28,699
Scope 2 - location-based 149,599
Scope 2 - market-based 54,689
Scope 1-2 - location-based 178,298
Scope 1-2 - market-based 83,388
Scope 3 55,359
Total - location-based 233,657
Total - market-based 138,747

Sources

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

© Vincent Manier - September 2021 About us . Keep in touch . Blog