Active is: Becoming more eco-friendly

27/04/2020
Becoming more eco-friendly

Summary

Allianz Group has been 100% carbon-neutral since 2012. As part of this commitment, Allianz Global Investors offsets its carbon emissions by retiring carbon credits created via investments in sustainable forest protection projects. The savings in emissions are independently measured and certified once a year.

As a signatory to the RE100 initiative, Allianz has committed to source 100% of its power for its group-wide operations from renewable sources by 2023. Allianz Global Investors in Europe has made major steps towards achieving that goal with its largest office in Frankfurt already using 100% renewable energy (hydropower) for its electricity needs.

Many local initiatives aim to reduce single-use plastics, increase recycling rates, save energy and foster more eco-friendly/healthier practices in cafeterias and canteens. More than 100 initiatives were implemented across Allianz Global Investors’ European offices in 2019.

Initiatives being implemented at our Hong Kong office were rewarded by Wastewi$e & Energywi$e Certificates from the Environmental Campaign Committee of the Hong Kong Green Organization.

Allianz Global Investors’ offices in Asia Pacific continued their journey towards becoming more eco-friendly, with solid strategies and implementation plans to raise employee awareness and promote reduction, reuse, recycling and certification.

The Hong Kong office, having joined the Energy Saving Charter 2018 and revised its lighting and air-conditioning plan, reduced its energy consumption by around 14% compared to 2017-2018. The office was also rewarded Wastewi$e & Energywi$e Certificates as a result of its efforts.

With Allianz Global Investors’ Singapore office relocating to a new Platinum & Green Mark building in 2020, we expect a further improvement of the ecological credentials there and in the region.

In an effort to encourage broader awareness and understanding of environmental sustainability, US colleagues established a new Green Group in 2019 to promote volunteering and other initiatives that will help reduce the firm’s environmental impact in the region. In line with multiple efforts across the firm, Green Group members will be working to implement a more eco-friendly approach across all US locations.

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