Allianz Group: Setting a baseline for insurance-associated emissions

Allianz Group’s Inaugural Net-Zero Transition Plan included emission reduction targets for both its commercial and personal motor lines of business. For insurers, the scope 3 emissions associated with their insurance policies is typically where their environmental impact is most significant.

Establishing an emissions baseline is a necessary step for Allianz in working towards its 2050 net zero goal. The baseline helps Allianz to understand the emissions of its existing portfolios and establishes a reference point from which to chart a pathway to net zero emissions.

This case study sets out how Allianz developed an internal methodology to set its emissions baseline, building upon the PCAF Standard. It includes the steps the group took, including upskilling the team, outlines its next steps and offers some top tips from the finance team.

This case study is a companion piece to our Insurance-Associated Emissions Top Tips.