Allianz goes for 100% renewables

Posted on: 25 January 2019

Corporate News icon

In May 2018, the Allianz Group committed to reducing its carbon footprint with a long-term goal in line with climate science. As part of our climate change strategy, we are investing in renewable energy assets. In total, we have financed 5.6 billion Euro with debt and equity investments, this includes 81 wind and solar farms (as of 31 December, 2017). Also, we provide high-level expertise in insuring renewable energy projects.

Now, as another step on our way to tackle the risks of climate change, we have decided to join the RE100 initiative, led by the global initiative The Climate Group. We have committed ourselves to source 100% of our global electricity needs from renewable sources by no later than 2023. Relying on wind, water and solar power is the strongest lever to minimize carbon emissions from our operations. With shifting from fossil fuels to renewables, Allianz is joining forces with over 150 companies and is setting another mark on its way to drive the low-carbon economy.