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Allianz Annual Report 2013

Annual Report 2013    Allianz Group 61 C Group Management Report Your Allianz 49 Business Operations and Markets 56 Strategy and Steering 59 Progress in Sustainable Development Microinsurance Many low-income families in developing countries lack access to financial services which could help them manage the risks associated with natural disasters, accidents and illness. ­Allianz offers micro­ insurance products in eleven countries in Asia, Africa and Latin America. Our products range from life insurance and savings plans to crop index insurance. 2013 saw strong growth again; we now insure 24.9 million people (2012: 17.1 million) with revenues of € 86.1 mn (2012: € 78.6 mn) 1. For more information please refer to the chapter Risk and Opportunity Report from    page 105  onwards. Environment 2 Carbon Reduction Strategy We are committed to reducing our environmental impact. We have a target to reduce our carbon emissions per employee by 35 % by 2015 against a 2006 baseline. Since 98 % of the Group’s emissions come from energy, travel and paper, we are focusing our activities on these three areas. Because energy use is the largest contributor to our car- bon footprint, we also have a specific energy target: to reduce energy consumption per employee by 10 % by 2015 against a 2010 baseline. breakdown of Co2 emissions 1 as of 31 December 2013 in % 2013 Energy 57.3 Travel 37.1 Paper 3.9 Water 0.2 Waste 1.5 1 KPMG Wirtschaftsprüfungsgesellschaft AG has provided limited assurance on the 2013 environmental performance information. For further information, please refer to In 2013, we continued to reduce our carbon footprint , cutting CO2 emissions from our business. Our overall CO2 reduction since 2006 now stands at 37.2 % 3 per employee and, whilst we have also exceeded our energy reduction target (status minus 18.1 % per employee), as the economy continues to improve the challenge for ­us will be con- trolling our consumption and emissions over business cycles. 1 Figures include non-consolidated entities (i.e. India). 2 More information can be found online at 3 The ­Allianz Group’s total reported carbon footprint already considers the compensation activities of some of our subsidiaries. environmental footprint 1 as of 31 December 2013 20122 20112 Total emissions in metric tons Co2e 342,724 344,776 361,398  Per employee emissions  in metric tons Co2e 2.35 2.40 2.55  Total energy consumption in GJ 2,901,457 3,079,897 3,124,973 thereof: Renewables in % 41.7 39.2 33.4 Total travel – plane, train, car in TKM 967,210 931,356 953,717 Total paper in metric tons 20,894 20,193 19,525 1 KPMG Wirtschaftsprüfungsgesellschaft AG has provided limited assurance on the 2013 environmental performance information. For further information, please refer to 2 2012 and 2011 figures have been adjusted reflecting a methodology change for reporting on energy from renewable sources and 2012 figures were adjusted for error corrections. As part of our overarching climate change strategy and in addition to our carbon reduction target, we have been a carbon neutral business since 2012, by offsetting our emissions through our own carbon investment projects. People 4 Our employees Our employees’ exceptional commitment and ambition to provide excellent service to our customers are crucial to our success. We place great emphasis on fostering employee engagement, strong leadership and technical expertise among an increasingly diverse workforce of 147,627 employees as of 31 December 2013 (31 December 2012: 144,094 employees) 5. Diversity Allianz recognizes the importance of having a diverse, inclusive workforce that is made up of employees from different backgrounds. We understand that promoting diversity is necessary for ­Allianz as a global company to be successful and we have implemented a num- ber of initiatives to support this. Consistent with our Code of Conduct, ­Allianz has a zero-tolerance policy against discrimination and harassment in the workplace. As part of the effort on the advance- ment of women at ­Allianz, in 2008 we set ourselves the global target of increasing the share of women in the talent pools for executive positions to 30 % by 2015. A top management sponsorship program for women and flexible work-life programs, such as part-time employ- ment or job sharing, are part of supporting actions taken in several 4 More information can be found online at 5 Total number of employees with an employment contract of all consolidated companies (core and non- core business).

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