Press release -
Allianz UK offices power themselves on 100% renewable energy
Allianz Holdings, which comprises Allianz Commercial and Allianz Personal, is proud to announce that 100% of the electricity its UK offices use now comes from renewable sources.
Allianz sites, including those housing the LV= General Insurance and Petplan businesses, have reached this milestone ahead of the 2023 target set by Allianz Group, which is headquartered in Germany.
In the UK, Allianz directly controls the energy supply at some properties and relies on landlords at others. Where it has direct control, offices have been functioning on 100% renewable energy for several years. Elsewhere, landlords have converted their energy supply more recently, with some of them acting on their own initiative while others did so following a collaborative process with Allianz.
When choosing offices, Allianz now opts for buildings that work on 100% renewable energy from day one, and it audits electricity supplies at existing sites to ensure they remain functioning at 100% RE. These renewable sources include solar, hydro and thermal energy, as well as biomass and wind.
Oleh Melnyk, head of procurement and property management at Allianz, said: “We take our environmental responsibility very seriously. Sourcing 100% of our electricity from renewables is part of our wider strategy to operate in a sustainable way and reduce our carbon footprint. We believe that is the best way to do business now and in future, as Allianz is changing its stance from leading the Environmental, Social and Governance (ESG) agenda to shaping it.”
At a global level, Allianz is the number one insurer in the Dow Jones Sustainability Index, reflecting its environmental achievements. In the UK, Allianz has been carbon neutral since 2012 and continues to lower its CO2 emissions, as well as cutting waste and reducing water and paper consumption. Acting in partnership, Allianz supports suppliers and brokers in reducing their carbon footprint too.
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About Allianz Holdings plc
Allianz Holdings plc is the non-regulated holding company which owns the principal insurance operations of Allianz SE in Great Britain including Allianz Insurance plc.
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.
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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.
