Dubai, UAE: Allianz Trade releases today its first Sustainability Handbook. The world leader in trade credit insurance provides further details on its own sustainable vision, plans to support the transition of its clients, progress made in 2024 and future goals to be reached in the coming years.
“At Allianz Trade, sustainability is not just an ambition – it is a responsibility embedded in how we operate and support businesses worldwide. As climate, economic, and social challenges accelerate, we recognize our role in driving positive change. Our priorities are clear: reducing our own carbon footprint, embedding sustainability in underwriting and operations, and driving value through sustainability products & services in the market. With strong governance and a collective commitment across our teams, we are accelerating our journey toward a more sustainable future”, states Aylin Somersan Coqui, CEO of Allianz Trade.
Driving meaningful change within the industry and beyond
As a trade enabler and global insurer, Allianz Trade is uniquely positioned to contribute to a more sustainable economy. To achieve this ambition, the Group aims to enhance the sustainability of its own operations, to integrate ESG at all stages of its organization, to support its customers in their decarbonization pathway, and to develop sustainable insurance solutions.
“Last year, we have achieved remarkable progress on each pillar of our sustainability roadmap. We reduced GHG emissions per employee by 60%, and energy consumption by 78% . We launched dedicated squads in Germany, Italy and Northern Europe to promote sustainability principles and drive the implementation of our roadmap at local scale. We steered the decarbonization of our portfolio by integrating sustainability in our risk assessment and commercial underwriting processes. We created value through sustainable insurance solutions, with the launch of Surety Green2Green. These are just a few examples, and we are committed to going even further in the years to come”, explains Piril Kadibesegil Yasar, Head of Sustainability at Allianz Trade.
Reaching Net Zero GHG in proprietary investment and insurance portfolio
Looking ahead, Allianz Trade is aligning with the strong sustainability ambitions set by the Allianz Group. Therefore, by 2030, Allianz Trade aims to reduce its operations GHG emissions by -65% and will keep working on its own carbon footprint by embarking all colleagues in its sustainability journey. Additionally, still aligned with its parent company, Allianz Trade aims to be Net Zero GHG in its proprietary investment and insurance portfolio by 2050.
“Climate change and new societal expectations are reshaping our role as insurer, employer and corporate citizen. From governance to emissions reduction and employee engagement, we are taking concrete steps to drive impact and with our plan, we aim to foster sustainable growth and a mindset of responsibility across our industry. This Handbook marks our first step in transparently sharing our progress towards our sustainability objectives. Together, with our people, passion and purpose, we help companies grow securely, detect new vulnerabilities, and expand more sustainably”, ends Florence Lecoutre, Group Board Member in charge of Sustainability, Data Analytics & AI, Human Resources, Compliance and Communications at Allianz Trade.
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Guglielmo.santella@allianz-trade.com
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About Allianz Trade
Allianz Trade is the global leader in trade credit insurance and a recognized specialist in the areas of surety, collections, structured trade credit and political risk. Our proprietary intelligence network is based on instant access to data of 289 million corporates. We give companies the confidence to trade by securing their payments. We compensate your company in the event of a bad debt, but more importantly, we help you avoid bad debt in the first place. Whenever we provide trade credit insurance or other finance solutions, our priority is predictive protection. But, when the unexpected arrives, our AA credit rating means we have the resources, backed by Allianz to provide compensation to maintain your business. Headquartered in Paris, Allianz Trade is present in over 40 countries with 5,800 employees. In 2024, our consolidated turnover was € 3.8 billion and insured global business transactions represented € 1,400 billion in exposure. For more information, please visit allianz-trade.com
Cautionary note regarding forward-looking statements
The statements contained herein may include prospects, statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements. Such deviations may arise due to, without limitation, (I) changes of the general economic conditions and competitive situation, particularly in the Allianz Group’s core business and core markets, (II) performance of financial markets (particularly market volatility, liquidity and credit events), (III) frequency and severity of insured loss events, including from natural catastrophes, and the development of loss expenses, (IV) mortality and morbidity levels and trends, (V) persistency levels, (VI) particularly in the banking business, the extent of credit defaults, (VII) interest rate levels, (VIII) currency exchange rates including the euro/US-dollar exchange rate, (IX) changes in laws and regulations, including tax regulations, (X) the impact of acquisitions, including related integration issues, and reorganization measures, and (XI) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences.
