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Allianz shows commitment to sustainability by introducing eco-friendly stand at this year’s BIBA conference

Press release   •   Mar 10, 2020 10:17 GMT

In line with its commitment to build a sustainable future and business, Allianz Insurance is proud to be the first insurer to have a sustainable stand for this year’s BIBA conference.

Working together with Extreme Exhibitions, Allianz has ensured that the stand is as eco-friendly as it possibly can be whilst in transit, at the event and post event.

The stand itself will be constructed from recyclable, recycled and environmentally friendly materials and use battery power. Employees will play their part, by cycling on Kinetic bikes to charge up the batteries to help power the stand.

Transitioning to a greener future takes time and sustainability is a topic that Allianz Group has been championing for many years. The business has been carbon neutral since 2012 and is committed to sourcing 100% of its global electricity needs from renewable sources by 2023. In the UK all Allianz owned buildings have already reached this status.

In 2018 Allianz announced they would be withdrawing from insuring coal-fired power plants or individual coal mines as part of a drive towards a low carbon economy and the Group are founder members of the UN backed Net-Zero Asset Owner Alliance. This alliance brings together the world’s largest investors who have all committed to carbon neutral portfolios by 2050.

Allianz has also been at the forefront of renewable products and in the UK Allianz’s renewables suite of products underlines its focus of promoting the commercial use of wind, solar and hydro power.

Simon McGinn, general manager, Commercial & Personal, Allianz Insurance commented: “I am delighted that Allianz is leading the way to ensure that we are creating a more sustainable future as well as having some fun with the concept. After many years of taking part in conferences, we recognise that there is more we can be doing to prevent many materials ending up in landfill. We hope our stance sets us apart and encourages others to think about the changes they can make to be more environmentally friendly.

“It’s crucial to make big strides as a business, be that product or investment decisions, but we also need to continually question the decisions we make as individuals within a company to ensure we are securing a sustainable future”.

Post event, all elements will be sent to a local reclamation centre to be recycled again and the flooring will be re-used at future events.

Ends

The information contained in this press release relates to Allianz Insurance plc. Allianz Insurance plc is one of the largest general insurers in the UK and part of the Allianz Group.

The Allianz Group is one of the world's leading insurers and asset managers with more than 92 million retail 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 673 billion euros on behalf of its insurance customers. Furthermore our asset managers PIMCO and Allianz Global Investors manage more than 1.4 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2018, over 142,000 employees in more than 80 countries achieved total revenues of 131 billion euros and an operating profit of 11.5 billion euros for the group.

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.

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