Net-Zero transition plan – leading the way and driving the change

Allianz is leading the way in the financial services industry with its first net-zero transition plan that lays out the details for its 2030 intermediate targets to decarbonize own operations, proprietary investment, and P&C underwriting. Setting intermediate targets, implementing the necessary changes in its global business and reporting on the work is what drives the change.

Highlights include:

  1. Targeted 45% reduction in emission intensity across multiple lines of Allianz's corporate insurance business, which consists of large corporate customers that already report their greenhouse gas emissions. 
  2. For the retail car insurance portfolio, Allianz is targeting a 30% reduction in carbon emissions by 2030 in nine key European markets (Austria, Belgium, France, Germany, Italy, Netherlands, Spain, Switzerland, UK). The base year for these decarbonisation targets is 2022.
  3. Allianz has already surpassed the 2025 intermediate target for its proprietary investment portfolio. The new target is now to halve emissions by 2030 compared to 2019, with a special focus on actively driving emissions reductions in the energy, steel and automotive sectors.
  4. Scaling renewable energy and low-carbon technology: Allianz to profitably grow revenues from transition solutions in commercial insurance portfolio by 150% and provide additional investments of 20 billion euros by 2030

This plan defines how Allianz is going to contribute to the economic transformation towards a net-zero economy. It was first published in September 2023 and implements a further recommendation of the United Nations’ High-Level Expert Group on the net zero commitments of non-state entities.

The Allianz Group is one of the world’s leading insurers and asset managers, active in almost 70 countries and serving around 97 million private and corporate customers*. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 764 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 2.0 trillion euros** of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2025, over 156,000 employees achieved total business volume of 186.9 billion euros and an operating profit of 17.4 billion euros for the Group.

* Customer count reflects Allianz customers in consolidated entities that are part of the customer reporting scope only.

** As of December 31, 2025.

As with all content published on this site, these statements are subject to our cautionary note regarding forward-looking statements:

“In a changing climate, the role of insurance will have to be much bigger”

Nicola Ranger, Leader, Resilience and International Development Program at the Environmental Change Institute; and Executive Director for Oxford Martin Systemic Resilience Program, and Sibylle Steimen, Managing Director Advisory & Services at Allianz Re, make a case for putting more focus on climate resilience. In their view, the public discussion needs to center more on investing in adaptation measures to reduce the physical risk of climate change.

Allianz announces first net-zero transition plan with 2030 intermediate targets for core business segments

Allianz is publishing its first comprehensive net-zero transition plan, which substantiates the company’s long-term strategic climate commitment to achieve net-zero emissions by 2050 in its proprietary investment and P&C underwriting portfolios and already by 2030 within its own operations.

Allianz raises its climate ambitions further: Intermediate 2030 decarbonization targets

Allianz has launched a Net-Zero Transition Plan detailing 2030 intermediate targets for the Group’s ambition to decarbonize our insurance and investment portfolios by 2050. Günther Thallinger, the Allianz Member of the Board management responsible for investment management and sustainability, explains the plan.