Insurance

Allianz sustainability score: 32/100

32/100
Below expectations-6 since last review
Joint 14th of 17 in Insurance

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About Allianz

Allianz is a German insurer and asset manager headquartered in Munich, operating in almost 70 countries. Life and health insurance is 49% of its business volume, property and casualty insurance 46%, and asset management, through PIMCO and Allianz Global Investors, about 5%.

More about Allianz

Its roots go back to 1890. It had about 156,900 employees and €186.9 billion total business volume in 2025.

Head office Munich, GermanyStaff ~156,875 (end 2025)Revenue ~€186.9B total business volume (FY2025)Website ↗

Our verdict

Allianz's own investments carry about 77 MtCO2e of financed emissions, and its emissions figures are under reasonable assurance. Financed emissions from its listed-company holdings are 60% below 2019 and its electricity is 100% renewable, partly through unbundled certificates, but it has no SBTi-validated target and no measurable nature or water targets. NGO reports document its insurance of US LNG terminals and its asset managers' coal and fossil-fuel holdings.

Allianz scores 32/100 (Below expectations) on SINK's independent climate assessment, scored from public data only. Scores are free. Companies can never pay for anything about their own score. Last verified October 2026.

That places Allianz joint 620th of 934 companies scored, and joint 14th of 17 in Insurance.

The ten questions

What is Allianz doing well, and where does it fall short?

Strongest on Carbon Footprint: Operations and Transparency & Accountability (9/10, 8/10). Weakest on Resource Use & Waste and Emissions Trajectory (3/10, 4/10).

What's missing

Where Allianz lost points

For each question that lost points, the evidence our public rubric looks for that we didn't find.

  • Emissions from its own operations9/10No verified figures published with their method and a falling trend.
  • Emissions from its supply chain6/10No full value-chain map or supplier engagement programme.
  • Whether its emissions are falling4/10No evidence of a year-on-year fall in its total emissions.
  • How clean its energy is6/10Less than 90% of its energy shown to be renewable.
  • Its effect on nature4/10Its effect on nature isn't measured or independently verified.
  • How it uses materials and handles waste3/10No active waste reduction, reuse or repair shown.
  • Its effect on water4/10No measured water footprint with reduction targets.
  • Its climate targets5/10Its targets aren't science-based or committed to the Science Based Targets initiative.
  • How openly it reports8/10No mission-locked structure, such as B Corp certification.
  • Its record on controversies4/10Points deducted for controversies or its business model. The finding is under question 10.

A score changes when the evidence does. We use new published evidence at the next rescore. Anyone can send us new evidence, free. How to send it.

The calculation

How is Allianz's SINK score calculated?

Same ten questions for every company. No private weighting.

SINK = (0.3 × Base + 0.7 × Performance) × Scale
Industry base impact
Insurance sector ceiling.
55 / 100
Performance score
Sum of the ten questions, each scored 0 to 10.
53 / 100
Raw score
Weighted average before scale penalty.
(0.3 × 55) + (0.7 × 53) = 53.6
Scale penalty
Multiplier based on total emissions. Bigger polluters lose more.
× 0.6
Financed emissions
Emissions of the investments, lending or insurance it finances, as the company reports them (PCAF standard). Source: https://web.archive.org/web/20260528000616/https://www.allianz.com/content/dam/onemarketing/azcom/Allianz_com/investor-relations/en/results-reports/annual-report/ar-2025/en-allianz-group-annual-report-2025.pdf.
77.32 Mt CO₂e (2025)
Final score
Rounded. Below expectations.
32 / 100
How this score has moved

Has Allianz's score changed?

Allianz's score has moved from 38 to 32 across 2 recorded reviews, down 6 points.

02550751003811 April 20263229 October 2026
  1. 38 → 32-629 October 2026

    Re-scored under the current methodology (v2.5); own financed-emissions figure checked by hand against the report page; owner ruling 2026-10-29

  2. Scored 3811 April 2026

    Initial score at platform launch

Where the evidence comes from

What evidence is Allianz's score based on?

12 sources used in this assessment. All publicly available. Each row shows which of the ten questions it informed.

17% of them were published by Allianz itself; the rest come from independent sources.

Allianz's financed emissions (about 77.3 MtCO2e in 2025, from its own investments) are its own stated PCAF figure, from pages 54 and 72 of its 2025 Annual Report. They set the size deduction. Emissions linked to the policies it underwrites are reported only for parts of the book (about 2.7 MtCO2e) and are not included.

10 of 12 sources are independent of the company.

[1]Self-reported
Allianz Group Annual Report 2025

“to perform a reasonable assurance engagement.”

2025
Q1Q2Q3Q4Q5Q6Q7Q8Q9
View →
[2]Self-reported
UNEP FI Principles for Sustainable Insurance Progress Report 2025 — Allianz

“The Sustainability Statement is subject to reasonable assurance engagement by”

2026
Q1Q2Q3Q8Q9
View →
[3]Independent source
Correctiv — Allianz gegen Klimaschutz

“Die Kohle-Deals, an denen die Vermögensverwalter der Allianz beteiligt waren, sind mindestens 12,2 Milliarden US-Dollar wert.”

2024
Q10
View →
[4]Independent source
Correctiv — Allianz Chef verteidigt fossile Investitionen des Tochterunternehmens PIMCO

“Auch zwei LNG-Terminals in US-Bundesstaaten Louisiana und Washington versichert die Allianz aktuell”

2024
Q10
View →
[5]Independent source
Insure Our Future — Allianz Company Profile

“Allianz was overtaken by Generali in 2024 for the highest ranked position in Insure Our Future’s scorecard.”

Ongoing
Q10
View →
[6]Independent source
Insure Our Future Seventh Annual Scorecard

“Coal Insurance: Allianz is the only company to score 10/10.”

2024
Q10
View →
[7]Independent source
The Bureau of Investigative Journalism — Allianz's Board Says It's Time to Save the Planet

“It has committed to no longer insure new oil and gas fields”

2025
Q8Q10
View →
[8]Independent source
Insurance-edge — Allianz UK Offices Now Running on Renewable Energy

“100% of the electricity its UK offices use now comes from renewable sources”

2022
Q4Q6Q7
View →
[9]
cirmagazine.com

“Allianz Holdings has achieved its 2023 goal of powering all its UK offices using renewable sources.”

Q4
View →
[10]
allianzgi.com

“We became a member of the Task Force for Nature-related Financial Disclosures (TNFD), joined the Nature Action 100 initiative”

Q5
View →
[11]
energiezukunft.eu

“Allianz mit Pimco und Allianz Global Investors mit 24,5 Milliarden US-Dollar an fossilen Investitionen”

Q10
View →
[12]
dasinvestment.com

“bei Allianz Global Investors 1,6 Milliarden Euro”

Q10
View →

If you believe a source has been misread or a newer version exists, submit a challenge.

For Allianz

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    Allianz: SINK sustainability score 32/100.

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Allianz in context

How does Allianz compare with other insurance companies?

Where Allianz sits among insurance peers.

Among the 17 major insurance brands we've scored, Allianz is tied =14th of 17, with 2 others.

=14/17
Allianz's rank
38
Industry average
30
Industry low
55
Industry high
See all 17 in Insurance →
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