Allianz

The finanical institution publishes an engagement report on sustainability impact topics and has a publicly available policy committing to respect ILO core labour rights for both itself and its suppliers. Decision-making and oversight for the sustainability strategy are assigned to the highest governance body, with senior executive remuneration linked to specific sustainability targets. Implementation responsibility is delegated to various functions, teams, or committees.

The stewardship policy encompasses client and stakeholder engagement, advocacy, and partnerships, including criteria for successful outcomes and escalation routes. A publicly available policy statement commits to respecting human rights, and the institution discloses its positions on lobbying and political engagement regarding sustainability. It has measurable, time-bound targets for providing products, services, and capital for climate solutions, and transparently identifies key sectors, clients, and investees for engagement on climate and nature-related impacts.

The institution supports these entities in developing strategies for nature protection and restoration and provides examples of how its offerings enhance climate adaptation and resilience. It monitors its scope 1-2 emissions and emissions from associated financing activities (Scope 3 category 15), with interim targets aligned with a 1.5C trajectory by 2030. Additionally, it discloses operations by country and the monetary share of products, services, and capital provided to low-income and lower-middle-income countries.

The financial institution has the opportunity to publicly disclose a policy stating it does not make political contributions. While it identifies material sustainability impacts across its value chain, it could better detail the process and criteria used for prioritization. Its stewardship policy supports environmental and social best practices but there is opportunity for it to be more aligned with its sustainability strategy.

It has a time-bound strategy to phase out support for certain fossil fuel projects but does not cover all fossil fuels. While the financial institution refers to the protection and restoration of nature, it has the opportunity to disclose a strategy for this area covering at least its priority sectors and areas. It is recommended that the financial institution provides an example of the specific conclusions reached and actions taken or to be taken on at least one of its salient human rights issues of its the products, services and capital.

This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.