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Select an assessment year:

  • Overall approach
    1/10
    • Overarching commitment on deforestation
      0/6
    • Deforestation as a business risk
      0/2
    • Target to reduce emissions in scope 1/2
      Yes
      0/0
      Type of climate target: Net-zero emissions

      What is the target date for the financial institution to achieve their climate target?: 2050
      "Our support for the low-carbon transition is steered by our commitment to set science-based emission reduction targets and reach net-zero emissions by 2050 in our business operations and proprietary investment portfolio in line with the Paris Agreement’s target of limiting global warming to 1.5°C."
    • Company must have anti-corruption policy
      1/2
      Yes, either an anti-corruption policy or a policy on prohibiting abusive tax arrangements
      1/2
      "Following an assessment of company, sector and country-specific ESG risk databases, human rights-sensitive transactions are screened on the following criteria: [...] Absence of anti-bribery and anti-corruption plans/systems/ procedures"
  • Commodity score
    14/90
    • Beef & Leather
      3/90
      • Commitment Strength
        0/31
        • Commodity-specific deforestation financing policy
          0/9.6
          • Commitment details
            No commitment
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must be legally operated
          0/4.6
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must monitor operations
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must conduct risk assessments
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        3/27
        • Company must ensure Free, Prior and Informed Consent
          3.2/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            "Following an assessment of company, sector and country-specific ESG risk databases, human rights-sensitive transactions are screened on the following criteria: [...] Free, prior and informed consent (FPIC) of impacted parties not obtained".
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Following an assessment of company, sector and country-specific ESG risk databases, human rights-sensitive transactions are screened on the following criteria: [...] Free, prior and informed consent (FPIC) of impacted parties not obtained".
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Following an assessment of company, sector and country-specific ESG risk databases, human rights-sensitive transactions are screened on the following criteria: [...] Free, prior and informed consent (FPIC) of impacted parties not obtained".
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Following an assessment of company, sector and country-specific ESG risk databases, human rights-sensitive transactions are screened on the following criteria: [...] Free, prior and informed consent (FPIC) of impacted parties not obtained".
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        0/31
        • Commitments must be timebound
          No
          0/5
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          No
          0/5
        • Engagement with non-compliant companies
          No
          0/5
        • Reporting on implementation of the policy
          No
          0/6
        • Ethical product in portfolio
          No
    • Palm oil
      24/90
      • Commitment Strength
        8/31
        • Commodity-specific deforestation financing policy
          5/9.6
          • Commitment details
            Protects priority forests
            4/8
            Commitment details
            Protects priority forests
            4/8
            "Following an assessment of company, sector and country-specific ESG risk databases, agriculture-related transactions are screened on the following criteria [...] Deforestation of primary forest" "The Allianz screening approach criteria are informed by use of various multi-stakeholder initiatives such as [...] the Roundtable on Sustainable Palm Oil (RSPO)"
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Following an assessment of company, sector and country-specific ESG risk databases, agriculture-related transactions are screened on the following criteria [...] Deforestation of primary forest" "The Allianz screening approach criteria are informed by use of various multi-stakeholder initiatives such as [...] the Roundtable on Sustainable Palm Oil (RSPO)". "The processes and policies outlined in the Allianz ESG Integration Framework apply only to the insurance lines as well as the investment of proprietary assets of Allianz Group. ESG integration in third-party asset management is out of scope of this framework and governed by the respective entity’s policies and processes."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Following an assessment of company, sector and country-specific ESG risk databases, agriculture-related transactions are screened on the following criteria [...] Deforestation of primary forest" "The Allianz screening approach criteria are informed by use of various multi-stakeholder initiatives such as [...] the Roundtable on Sustainable Palm Oil (RSPO)". "The processes and policies outlined in the Allianz ESG Integration Framework apply only to the insurance lines as well as the investment of proprietary assets of Allianz Group. ESG integration in third-party asset management is out of scope of this framework and governed by the respective entity’s policies and processes."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Following an assessment of company, sector and country-specific ESG risk databases, agriculture-related transactions are screened on the following criteria [...] Deforestation of primary forest" "The Allianz screening approach criteria are informed by use of various multi-stakeholder initiatives such as [...] the Roundtable on Sustainable Palm Oil (RSPO)". "The processes and policies outlined in the Allianz ESG Integration Framework apply only to the insurance lines as well as the investment of proprietary assets of Allianz Group. ESG integration in third-party asset management is out of scope of this framework and governed by the respective entity’s policies and processes."
        • Companies must be legally operated
          0/4.6
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must monitor operations
          3/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            Type of policy: Assurance mechanism

            Certification scheme (if applicable): RSPO
            "The Allianz screening approach criteria are informed by use of various multi-stakeholder initiatives such as [...] the Roundtable on Sustainable Palm Oil (RSPO)".
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "The Allianz screening approach criteria are informed by use of various multi-stakeholder initiatives such as [...] the Roundtable on Sustainable Palm Oil (RSPO)".
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "The Allianz screening approach criteria are informed by use of various multi-stakeholder initiatives such as [...] the Roundtable on Sustainable Palm Oil (RSPO)".
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "The Allianz screening approach criteria are informed by use of various multi-stakeholder initiatives such as [...] the Roundtable on Sustainable Palm Oil (RSPO)".
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "The Allianz screening approach criteria are informed by use of various multi-stakeholder initiatives such as [...] the Roundtable on Sustainable Palm Oil (RSPO)".
        • Companies must conduct risk assessments
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        3/27
        • Company must ensure Free, Prior and Informed Consent
          3/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            "Following an assessment of company, sector and country-specific ESG risk databases, agriculture-related transactions are screened on the following criteria [...] Free, prior and informed consent (FPIC) of impacted parties not obtained".
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "Following an assessment of company, sector and country-specific ESG risk databases, agriculture-related transactions are screened on the following criteria [...] Free, prior and informed consent (FPIC) of impacted parties not obtained". "The processes and policies outlined in the Allianz ESG Integration Framework apply only to the insurance lines as well as the investment of proprietary assets of Allianz Group. ESG integration in third-party asset management is out of scope of this framework and governed by the respective entity’s policies and processes."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Following an assessment of company, sector and country-specific ESG risk databases, agriculture-related transactions are screened on the following criteria [...] Free, prior and informed consent (FPIC) of impacted parties not obtained".
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Following an assessment of company, sector and country-specific ESG risk databases, agriculture-related transactions are screened on the following criteria [...] Free, prior and informed consent (FPIC) of impacted parties not obtained".
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Following an assessment of company, sector and country-specific ESG risk databases, agriculture-related transactions are screened on the following criteria [...] Free, prior and informed consent (FPIC) of impacted parties not obtained".
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        13/31
        • Commitments must be timebound
          No
          0/5
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          "The ESG Board meets quarterly making recommendations on ESG topics for decision-making to the Allianz SE Board of Management or one of its committees (for example Group Finance and Risk Committee). Key functions of the ESG Board include [...] Reviewing and recommending ESG-related policy proposals for consideration by the Board of Management and/or relevant Board committees"
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          "If the company’s answers have shown significant action or willingness to improving their ESG risk management and/or solving and avoiding further ESG issues and controversies in future, the company engagement will be closed. Allianz will then either 1 continue to monitor the company’s future performance, or 2 remove the company from the future engagement list. This is depending on the level of success of the engagement’s outcome. Should answers be insufficient, the company shows no willingness to improve its ESG performance, or if the company has not responded to any of Allianz’s engagement communications over a given timeframe, the Chair of the ESG Board approves the restriction of that company from all proprietary portfolios based on the recommendation from AIM SE and the Group ESG Office. Exclusions of companies based on the engagement approach are also described in section 3.9.3. These decisions are taken once per year. Companies are reviewed and reassessed annually."
        • Engagement with non-compliant companies
          Engage with non-compliant companies with a time-bound threat of divestment
          5/5
          Engagement with non-compliant companies
          Engage with non-compliant companies with a time-bound threat of divestment
          5/5
          "Further, Allianz subjects issuers below the threshold in its portfolio to a systematic, goal-oriented and time-limited engagement process. Such engagements are conducted on a case-by-case basis either by AIM and/or the respective asset manager(s). [...] AIM has set up an automated system to monitor asset managers’ compliance with the exclusion policies. In case of non-compliance, the responsible investment function works with the asset manager to remediate the issue immediately."
        • Reporting on implementation of the policy
          Reports number/proportion/outcome of portfolio companies which have been engaged with on deforestation-risk or compliance with the policy/time-bound plans
          2/6
          Reporting on implementation of the policy
          Reports number/proportion/outcome of portfolio companies which have been engaged with on deforestation-risk or compliance with the policy/time-bound plans
          2/6
           "Group-level ESG functions conducted 602 assessments based on the guidelines in 2019 (2018: 631 assessments). 53.3 percent of cases were approved, 38.7 percent were approved subject to certain mitigation measures or conditions, and 8.0 percent were declined or not pursued".
        • Ethical product in portfolio
          No
    • Soy
      3/90
      • Commitment Strength
        0/31
        • Commodity-specific deforestation financing policy
          0/9.6
          • Commitment details
            No commitment
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must be legally operated
          0/4.6
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must monitor operations
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must conduct risk assessments
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        3/27
        • Company must ensure Free, Prior and Informed Consent
          3.2/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            "Following an assessment of company, sector and country-specific ESG risk databases, human rights-sensitive transactions are screened on the following criteria: [...] Free, prior and informed consent (FPIC) of impacted parties not obtained".
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Following an assessment of company, sector and country-specific ESG risk databases, human rights-sensitive transactions are screened on the following criteria: [...] Free, prior and informed consent (FPIC) of impacted parties not obtained".
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Following an assessment of company, sector and country-specific ESG risk databases, human rights-sensitive transactions are screened on the following criteria: [...] Free, prior and informed consent (FPIC) of impacted parties not obtained".
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Following an assessment of company, sector and country-specific ESG risk databases, human rights-sensitive transactions are screened on the following criteria: [...] Free, prior and informed consent (FPIC) of impacted parties not obtained".
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        0/31
        • Commitments must be timebound
          No
          0/5
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          No
          0/5
        • Engagement with non-compliant companies
          No
          0/5
        • Reporting on implementation of the policy
          No
          0/6
        • Ethical product in portfolio
          No
    • Timber, Pulp & Paper
      26/90
      • Commitment Strength
        10/31
        • Commodity-specific deforestation financing policy
          5/9.6
          • Commitment details
            Protects priority forests
            4/8
            Commitment details
            Protects priority forests
            4/8
            "The Allianz screening approach criteria are informed by use of various multi-stakeholder initiatives such as [...] Forestry Stewardship Council". "Following an assessment of company, sector and country-specific ESG risk databases, agriculture-related transactions are screened on the following criteria [...] Deforestation of primary forest"
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "The Allianz screening approach criteria are informed by use of various multi-stakeholder initiatives such as [...] Forestry Stewardship Council". "Following an assessment of company, sector and country-specific ESG risk databases, agriculture-related transactions are screened on the following criteria [...] Deforestation of primary forest"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "The Allianz screening approach criteria are informed by use of various multi-stakeholder initiatives such as [...] Forestry Stewardship Council". "Following an assessment of company, sector and country-specific ESG risk databases, agriculture-related transactions are screened on the following criteria [...] Deforestation of primary forest"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "The Allianz screening approach criteria are informed by use of various multi-stakeholder initiatives such as [...] Forestry Stewardship Council". "Following an assessment of company, sector and country-specific ESG risk databases, agriculture-related transactions are screened on the following criteria [...] Deforestation of primary forest"
        • Companies must be legally operated
          2/4.6
          • Commitment details
            Companies own operations - Encouraged
            1/3
            Commitment details
            Companies own operations - Encouraged
            1/3
            "Following an assessment of company, sector and country-specific ESG risk databases, agriculture-related transactions are screened on the following criteria [...] Illegal logging activity or unsustainable harvesting/use of rare species".
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            Following an assessment of company, sector and country-specific ESG risk databases, agriculture-related transactions are screened on the following criteria [...] Illegal logging activity or unsustainable harvesting/use of rare species".
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Following an assessment of company, sector and country-specific ESG risk databases, agriculture-related transactions are screened on the following criteria [...] Illegal logging activity or unsustainable harvesting/use of rare species".
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Following an assessment of company, sector and country-specific ESG risk databases, agriculture-related transactions are screened on the following criteria [...] Illegal logging activity or unsustainable harvesting/use of rare species".
        • Companies must monitor operations
          3/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            Type of policy: Assurance mechanism

            Certification scheme (if applicable): FSC
            "The Allianz screening approach criteria are informed by use of various multi-stakeholder initiatives such as [...] Forestry Stewardship Council". "Following an assessment of company, sector and country-specific ESG risk databases, agriculture-related transactions are screened on the following criteria [...] Deforestation of primary forest".
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "The Allianz screening approach criteria are informed by use of various multi-stakeholder initiatives such as [...] Forestry Stewardship Council". "Following an assessment of company, sector and country-specific ESG risk databases, agriculture-related transactions are screened on the following criteria [...] Deforestation of primary forest". "The processes and policies outlined in the Allianz ESG Integration Framework apply only to the insurance lines as well as the investment of proprietary assets of Allianz Group. ESG integration in third-party asset management is out of scope of this framework and governed by the respective entity’s policies and processes."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "The Allianz screening approach criteria are informed by use of various multi-stakeholder initiatives such as [...] Forestry Stewardship Council". "Following an assessment of company, sector and country-specific ESG risk databases, agriculture-related transactions are screened on the following criteria [...] Deforestation of primary forest".
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "The Allianz screening approach criteria are informed by use of various multi-stakeholder initiatives such as [...] Forestry Stewardship Council". "Following an assessment of company, sector and country-specific ESG risk databases, agriculture-related transactions are screened on the following criteria [...] Deforestation of primary forest".
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "The Allianz screening approach criteria are informed by use of various multi-stakeholder initiatives such as [...] Forestry Stewardship Council". "Following an assessment of company, sector and country-specific ESG risk databases, agriculture-related transactions are screened on the following criteria [...] Deforestation of primary forest".
        • Companies must conduct risk assessments
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        3/27
        • Company must ensure Free, Prior and Informed Consent
          3.2/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            "Following an assessment of company, sector and country-specific ESG risk databases, agriculture-related transactions are screened on the following criteria [...] Free, prior and informed consent (FPIC) of impacted parties not obtained".
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Following an assessment of company, sector and country-specific ESG risk databases, agriculture-related transactions are screened on the following criteria [...] Free, prior and informed consent (FPIC) of impacted parties not obtained".
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Following an assessment of company, sector and country-specific ESG risk databases, agriculture-related transactions are screened on the following criteria [...] Free, prior and informed consent (FPIC) of impacted parties not obtained".
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Following an assessment of company, sector and country-specific ESG risk databases, agriculture-related transactions are screened on the following criteria [...] Free, prior and informed consent (FPIC) of impacted parties not obtained".
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        13/31
        • Commitments must be timebound
          No
          0/5
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          "The ESG Board meets quarterly making recommendations on ESG topics for decision-making to the Allianz SE Board of Management or one of its committees (for example Group Finance and Risk Committee). Key functions of the ESG Board include [...] Reviewing and recommending ESG-related policy proposals for consideration by the Board of Management and/or relevant Board committees".
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          "If the company’s answers have shown significant action or willingness to improving their ESG risk management and/or solving and avoiding further ESG issues and controversies in future, the company engagement will be closed. Allianz will then either 1 continue to monitor the company’s future performance, or 2 remove the company from the future engagement list. This is depending on the level of success of the engagement’s outcome. Should answers be insufficient, the company shows no willingness to improve its ESG performance, or if the company has not responded to any of Allianz’s engagement communications over a given timeframe, the Chair of the ESG Board approves the restriction of that company from all proprietary portfolios based on the recommendation from AIM SE and the Group ESG Office. Exclusions of companies based on the engagement approach are also described in section 3.9.3. These decisions are taken once per year. Companies are reviewed and reassessed annually."
        • Engagement with non-compliant companies
          Engage with non-compliant companies with a time-bound threat of divestment
          5/5
          Engagement with non-compliant companies
          Engage with non-compliant companies with a time-bound threat of divestment
          5/5
          "Further, Allianz subjects issuers below the threshold in its portfolio to a systematic, goal-oriented and time-limited engagement process. Such engagements are conducted on a case-by-case basis either by AIM and/or the respective asset manager(s). [...] AIM has set up an automated system to monitor asset managers’ compliance with the exclusion policies. In case of non-compliance, the responsible investment function works with the asset manager to remediate the issue immediately."
        • Reporting on implementation of the policy
          Reports number/proportion/outcome of portfolio companies which have been engaged with on deforestation-risk or compliance with the policy/time-bound plans
          2/6
          Reporting on implementation of the policy
          Reports number/proportion/outcome of portfolio companies which have been engaged with on deforestation-risk or compliance with the policy/time-bound plans
          2/6
          "Group-level ESG functions conducted 602 assessments based on the guidelines in 2019 (2018: 631 assessments). 53.3 percent of cases were approved, 38.7 percent were approved subject to certain mitigation measures or conditions, and 8.0 percent were declined or not pursued".
        • Ethical product in portfolio
          No
  • Commitment strength
    4/31
    Avg. score
  • Reporting and Implementation
    7/31
    Avg. score
  • Social considerations
    3/28
    Avg. score

Profile

Allianz are a global financial services provider headquartered in Germany serving both private and corporate clients. Their services include a wide array of insurance products, such as property, health and life insurance, as well as a large asset management business. As of 2017, Allianz's total assets amount to more than 890 billion EUR, with over 1.9 trillion EUR in assets under management. They are among the top bondholders and shareholders for Forest 500 companies, with bonds across a broad range of forest risk sectors

HQ
HQ 
Germany
Financial institution type
Financial institution type 
Insurance Company

How we assess the Forest 500

Investors and lenders need to adopt and implement strong deforestation policies that ensure their investments are not funding the destruction of forests.

All assessments use policies published on financial institution websites, some links may have changed or been removed since the time of assessment.

Disclaimer

This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.

All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.