Global insurer and #1 insurance brand Allianz was recognized by the Dow Jones Sustainability Index (DJSI) as the most sustainable insurer for 2021. Out of 127 insurance companies assessed around the world, the DJSI gave Allianz a percentile score of 92 out of 100, the highest score in the industry and reaching the top 1% of the DJSI. Sustainability metrics are measured by the ESG standard (Environmental, Social Inclusion, and Governance), and Allianz scored 97, 94, and 90 points respectively for each of these measurements.
Under Environment, Allianz was recognized for its work on climate change, and the DJSI noted that the company’s practices provides good basis under this, particularly for risk assessment. For Social Inclusion, the insurance company’s Human Resources focus drove diversity and inclusion in the workplace. Corporate citizenship activities also supported the next generations and people with disabilities, receiving a full score from the DJSI.
Under Governance, Allianz became more transparent in its practices and had leading approaches to privacy protection and information security. “We are proud to be recognized as the #1 insurance brand earlier this year, and we are just as proud to be the most sustainable insurer for 2021,” said Alexander Grenz, President and CEO of Allianz PNB Life.
In the Philippines, Allianz PNB Life has supported Sustainability via its various CSR activities, including tree planting, the sponsorship of e-jeepneys, and the promotion of cycling as healthy and sustainable transport via its award-winning Allianz Ride Safe campaign. The company also fosters diversity in the workplace, where employees are welcome in an inclusive and cooperative atmosphere.
With regard to its operations,the company has geared up its digital transformation in an effort to become more efficient and achieve further reduction in paper usage. “Sustainability is a core component of our DNA at Allianz and we are committed to pursuing our advocacies on youth empowerment, sustainable mobility, and financial inclusion. We will also very soon launch a new sustainable product so our customers can directly contribute to our ESG initiatives” , added Grenz.