Active is: Becoming more eco-friendly

10/09/2019
Becoming more eco-friendly

Summary

Allianz has been a 100% carbon-neutral business since 2012. Being part of Allianz group, AllianzGI offsets unavoidable carbon emissions by retiring carbon credits that were created via investments in sustainable forest protection projects.

As part of its carbon-offsetting initiative, Allianz is involved in REDD projects in Indonesia and Kenya and a programme of activities project in the energy efficiency sector in India. In 2018, Allianz retired 373,448 carbon credits that were generated by investments in the abovementioned low-carbon initiatives. Each credit accounts for one tonne of carbon. The savings in emissions are independently measured and certified once a year. Allianz aims for all of its electricity to be generated by renewable energy by 2023. AllianzGI in Europe has already made major steps towards achieving that goal.

In 2018, in Frankfurt, our largest European office location, we were able to reduce carbon emissions by 356 tonnes per year through further optimisation of building technology, with air technology and heating accounting for almost half of CO₂ savings.

AllianzGI Allianz Group
CO2 emmissions
(tonnes per employee)
CO2 emmissions
(tonnes per employee)
Energy consumption (internal) 1.3 1.6
Business travel 2.9 1.0
Paper consumption 0.03 0.09
Total 4.2 2.7
Water consumption
(cubic metres per employee)
Water consumption
(cubic metres per employee)
Water consumption 30.9 13.1
Waste
(kg per employee)
Waste
(kg per employee)
Waste 111 140

Another area of change was related to the use of plastics. In Frankfurt and other European office locations – where applicable – we already use tableware and cutlery in our tea kitchens that are washable and reusable. Plastic cutlery for events has been banned and replaced by wooden cutlery. Plastic to-go plates and containers have been replaced by products made out of corn starch and non-bleached organic cardboard. Tea bags in plastic wraps have been eliminated as well and replaced by fair trade tea available in recycled cardboard boxes. Plastic bottles for water, cola, etc, have been replaced by glass bottles. For 2019, our goal is to replace additional office supply (pens, markers, etc) made out of plastic with biodegradable solutions.

AllianzGI in Asia Pacific has also found ways to become more eco-friendly in its daily operations by asking for ideas from teams in the region. The feedback and the suggestions were impressive. We evaluated and clustered outcomes into five key areas, with solid strategies and implementation plans: awareness, reduction, reuse, recycling and certification.

First achievements: in our Taiwan office, we have replaced the air conditioners in certain areas with energy-efficient models. In Hong Kong, we have joined the Energy Saving Charter 2018, launched by the Environment Bureau of the HKSAR. As we have observed, the monthly energy consumption of air conditioning has reduced significantly.

We promote a paperless office and have already placed prominent signs to remind colleagues to print only when necessary. In the first half of 2018, the average monthly paper consumption in the Hong Kong office dropped by 20% compared to the same period in 2017.

All offices in Asia Pacific have recycling bins in the common areas for collecting plastic products, papers and cans. At the same time, we continue to source more office supplies made with recycled content, besides recycled papers for printing. For example, in our Hong Kong and Taiwan offices, we have switched to recycled paper towels.

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