Market Overview

Allianz Tops Dow Jones Sustainability Index 2018 as Most Sustainable Insurer

  • Sector leader in prestigious sustainability rating with 85 out of 100
    points, second time in a row
  • Best in sector in climate strategy, human capital development,
    information security, tax strategy and financial inclusion
  • Integration of the two-degree climate target in proprietary
    investments and business operations starting

Allianz Group achieved the top position as sector leader among all rated
insurance companies in the Dow Jones Sustainability Index (DJSI). This
is the second time in a row since 2017. In the results of the world's
most relevant sustainability index, published today, Allianz ranks with
85 points well above the average sector scoring of 47 points. Since
2000, the company has been part of the DJSI which assesses
environ-mental, social and governance (ESG) criteria. Only the most
sustainable of the 2,500 companies in the Dow Jones Global Total Stock
Market Index (DJGTSM) are listed.

"We are very pleased with this result. It shows that our focus on
ecological, social and governance criteria is being acknowledged by
external sustainability experts," says Günther Thallinger, Member of the
Board of Management of Allianz SE and responsible for Invest-ments and
ESG. "As a responsible insurer, investor and employer, we contribute to
positive social and economic development in all markets in which we are
present." Allianz creates measurable ecological and social added value
through, among other things, sustainable products, climate-friendly
business operations and social engagement. Important results of the last
year include

  • 165 insurance and financial products with ecological or social benefits
  • 5.6 billion euros invested in renewable energies (as of 31.12.2017)
  • reduction of the carbon footprint per employee by 17 percent (compared
    with 2010)
  • social engagement with around 80,000 hours of voluntary work by
    employees and 20 million euros in donations for a good cause.

By joining the Science Based Target Initiative (SBTi), Allianz has set
itself long-term goals for climate protection. In the future, the
two-degree target of the Paris Climate Agreement will be integrated into
the investment of insurance customers' premiums. To this end, all
tradable investments are to be structured climate-neutrally by 2050. In
order to support this long-term transformation towards a low-carbon
economy, Allianz is in active dialogue with companies to define and
implement their own climate protection targets. The first step is being
taken in four particularly energy-intensive sectors, including the
transportation sector. In the energy sector of the portfolio, the
threshold value for the maximum coal content will be lowered from 30
percent to 25 percent by 31 December 2022. The threshold refers to the
revenue that mining companies generate by mining coal, or to the
percentage of electricity generated from coal by energy companies. The
measures continue Allianz's ESG scoring approach, which is currently
applied to companies with high ESG risks.

Allianz is currently working with recognized climate experts,
non-governmental organizations and committed companies within SBTi to
develop marketable analysis tools for investors to integrate the
two-degree target. Many companies are still unable to make precise
statements about their greenhouse gas emissions or those of their supply
chain due to a lack of data and procedures. "There is still a lot of
pioneering work to be done. As a long-term investor, we need valid
methods as quickly as possible to evaluate the climate strategies of
invested companies. The adaptability of business models to the
two-degree target will in future be a decisive selection criterion for
our portfolio," explains Günther Thallinger. "It is important to limit
global warming as quickly as possible – this will only succeed if
business and politics pull in the same direction."

With a view to achieving the two-degree target, Allianz also intends to
significantly reduce its own emissions in the long term. One of the next
important measures is to purchase all electricity for the Allianz
Group's business operations from renewable energy within the next few

About the DJSI

The DJSI is one of the world's most recognized sustainability ratings.
The DJSI is prepared based on the RobecoSAM Corporate Sustainability
Assessment (CSA). The CSA assesses a company based on its public
disclosures and transparency of its sustainability approach, as well as
internal and confidential data provided directly by the company. It
considers a wide range of economic, environmental and social topics,
such as human resources programs, executive compensation, tax policies,
shareholder rights, compliance and anti-corruption programs,
environmental management and performance, corporate social engagement,
customer satisfaction, and many other dimensions.

Additional information:

About Allianz

The Allianz Group is one of the world's leading insurers and asset
managers with more than 88 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 over 660
billion euros on behalf of its insurance customers while our asset
managers Allianz Global Investors and PIMCO manage an additional 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 2017, over 140,000 employees in
more than 70 countries achieved total revenue of 126 billion euros and
an operating profit of 11 billion euros for the group.

These assessments are, as always, subject to the disclaimer provided

Cautionary note regarding forward-looking statements

The statements contained herein may include prospects, statements of
future expectations and other forward-looking statements that are based
on management's current views and assumptions and involve known and
unknown risks and uncertainties. Actual results, performance or events
may differ materially from those expressed or implied in such
forward-looking statements.

Such deviations may arise due to, without limitation, (i) changes of the
general economic conditions and competitive situation, particularly in
the Allianz Group's core business and core markets, (ii) performance of
financial markets (particularly market volatility, liquidity and credit
events), (iii) frequency and severity of insured loss events, including
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 including the
EUR/USD exchange rate, (ix) changes in laws and regulations, including
tax regulations, (x) the impact of acquisitions, including related
integration issues, and reorganization measures, and (xi) general
competitive factors, in each case on a local, regional, national and/or
global basis. Many of these factors may be more likely to occur, or more
pronounced, as a result of terrorist activities and their consequences.

No duty to update

The company assumes no obligation to update any information or
forward-looking statement contained herein, save for any information
required to be disclosed by law.

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