Press release -
Allianz pledges £100,000 to help brokers reduce their emissions
The Allianz Net Zero Accelerator will assist independent brokers in measuring and reducing their carbon footprint, helping them on their journey to net zero. Allianz will also offset the greenhouse gas emissions measured in the course of the programme.
Allianz Insurance has pledged £100,000 to support its independent brokers on their journey toward net zero in 2022.
The Allianz Net Zero Accelerator (ANZA), available to apply for from January 2022, helps independent brokers learn about how they can reduce their emissions and guides them through measuring their carbon footprint. Allianz will offer selected brokers tailored one-to-one support, through a specialist environmental consultancy, to help them create a plan to lower their carbon footprint and set reduction targets. Allianz will then offset any emissions which have been measured through the process.
Nick Hobbs, chief distribution and regions officer at Allianz Insurance, said: “As a business, we set ourselves environmental targets and we are proud of the progress we show year on year. We want to encourage brokers to achieve the same, so we’re helping them access expertise and also providing financial support. For the overall industry to make a change, we all need to play a part and this is one way that we can support our broker partners.”
Independent brokers who work with Allianz and employ up to 50 people are invited to visit the dedicated ANZA page on the Allianz UK website and apply in January – the 50 employee mark is not a strict limit but a size indication of the brokerages the mechanism is designed for.
Broker support
The Allianz Net Zero Accelerator is the latest example of the type of partnership that Allianz strikes with its intermediaries.
In 2021, the Allianz Sports Fund allocated £100,000 to grassroots clubs nominated by brokers. This autumn, Allianz Legal Protection (ALP) granted independent brokers free access to Lawphone, its legal advice helpline. And the Allianz Partners Academy offers a range of training programmes, recently adding a mental health first aider course.
Climate credentials
Allianz Insurance has been carbon neutral since 2012 and is committed to sourcing all of its electricity from renewable sources by 2023. It favours repairs over replacement in property claims and supports the use of green parts in vehicle repairs. When moving sites, it recycles office furniture and equipment, and opts for buildingswith high sustainability ratings. In October, it told suppliers that tenderswould now apply a 10% weighting for Environmental, Social and Governance (ESG) factors.
What’s more, Allianz Group topped the 2021 Dow Jones Sustainability Index (DJSI), having cut its carbon footprint globally per employee by 62% compared to 2010. Allianz is part of the Net-Zero Owner Alliance and the Net-Zero Insurance Alliance, UN-convened initiatives that will see investors and insurers shift their portfolios and activities to net-zero greenhouse gas emissions by 2050.
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About Allianz Insurance
Allianz Insurance plc is one of the largest general insurers in the UK and part of the Allianz Group.
About Allianz Group
The Allianz Group is one of the world's leading insurers and asset managers with more than 100 million* private and corporate customers in more than 70 countries. 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 790 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage 1.7 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 amongst the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2020, over 150,000 employees achieved total revenues of 140 billion euros and an operating profit of 10.8 billion euros for the group.
*Including non-consolidated entities with Allianz customers
These assessments are, as always, subject to the disclaimer provided below.
Cautionary note regarding forward-looking statements
This document includes forward-looking statements, such as prospects or expectations, that are based on management's current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements. Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz Group's core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates, most notably the EUR/USD exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions including and related integration issues and reorganization measures, and (xi) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.
No duty to update The Allianz Group assumes no obligation to update any information or forward-looking statement contained herein, save for any information we are required to disclose by law.
