Allianz SE

XETRA: ALV56Mixed / Improving· Provisional

0 followersInsurer·Munich, Germany·Founded 1890

www.allianz.com

German insurance and asset-management conglomerate (parent of PIMCO and Allianz Global Investors) targeting net-zero insurance portfolios by 2050 and restricting coal underwriting and investment.

56/100

Mixed / Improving· Provisional

ClimateTicker Green Score · how it's calculated

Greenwashing risk: mediumData confidence: high

Why it's on ClimateTicker

Allianz is a large financial-sector 'enabler' that redirects capital and insurance capacity toward or away from climate-relevant activities; its coal exclusions, Net-Zero Asset Owner Alliance founding membership, and CSRD-compliant 2030 targets represent genuine sector leadership. However, the core business profits from insuring and investing across the full economy — including ongoing oil & gas exposure — so climate impact is indirect and heavily dependent on portfolio steering rather than direct emission cuts. The major AGI U.S. criminal fraud plea (2022) and NGO criticism of loopholes in fossil-fuel exclusion policies temper the otherwise above-average disclosure record.

enablerAllianz earns premiums from property, casualty, life, and health insurance globally while generating asset-management fees through PIMCO and Allianz Global Investors on ~€1.9 trillion in third-party AUM, plus returns on ~€768 billion of proprietary insurance investment portfolios.

Commitments & Certifications

CDP: Disclosed — exact letter grade not confirmed in available sources ↗other: Founding Member ↗other: Member ↗other: First-time CSRD-compliant Annual Report ↗

Controversy & Greenwashing Watch

lowPIMCO Brussels Tower Lawsuit (Property Valuation Dispute)

PIMCO and Legal & General were sued in 2026 for allegedly placing undue pressure on property valuers in a dispute over a €1.2 billion Brussels tower, representing a governance/fiduciary controversy at the subsidiary level.source ↗

lowPassive Fund Coal Exclusion Carve-Out

Allianz's coal exclusion policy explicitly does not apply to index-linked derivatives and passively replicated index funds, creating a material gap where coal companies may remain in client portfolios.source ↗

highAllianz Global Investors U.S. Criminal Fraud Guilty Plea

AGI U.S., an indirect subsidiary of Allianz SE, pleaded guilty in May 2022 to federal criminal fraud charges for concealing downside risks in structured-alpha funds from institutional investors during the March 2020 market crash, resulting in ~$6 billion in investor losses and a DOJ/SEC settlement.source ↗

mediumNGO Criticism: Coal and Oil & Gas Exclusion Loopholes

Reclaim Finance and other NGOs have repeatedly stated that Allianz's coal exclusion policy contains exemptions, delayed timelines, and metallurgical coal carve-outs inconsistent with a genuine 1.5°C pathway, and that the insurer has yet to phase out oil & gas coverage beyond tar sands.source ↗

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