Climate love
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Allianz

Climate love

It's huge! Next year, the giant insurer Allianz will say goodbye to oil and gas projects.

Allianz, Europe’s biggest insurer and world’s fifth-largest insurance company, is moving away from fossil fuels as soon as next year! Things are moving fast ⚡ Indeed, in 2023, it would no longer issue new property and casualty insurance to fund new oil and gas projects, and stop renewing existing contracts from July 2023. The new policy applies to the biggest fossil producers, each extracting more than 60 million barrels of oil or equivalent in 2020, that account for 85% of global production. Imagine the impact it would take on them without Allianz support. Allianz has raised the bar for all other insurers, which now need to follow suit, making Allianz being a leader for a green transition in the financial sector. Allianz will no longer support : - Exploration and development of new oil and gas fields - Construction of new mid-stream oil infrastructure - Construction of new oil power plants; and those linked to projects in the Arctic, Antarctic or coal-bed methane, extra-heavy oil and oil sands, as well as ultra-deep sea fields. https://www.greenbiz.com/article/insurance-giant-allianz-sets-oil-and-gas-exit-strategy https://www.insurancejournal.com/news/international/2022/05/03/665770.htm

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  • We Don't Have Time

    85 w

    Dear Aude Boulord Thank you for getting your climate love to level 2! We have reached out to Allianz and requested a response. I will keep you updated on any progress! /Adam We Don't Have Time

    • Thomas Tienso

      86 w

      So right for the world as well as for your business.

      • Johannes Luiga

        88 w

        Wow! Excellent

        • Peter Kamau

          94 w

          It's so nice of you @Allianz for the unapologetic goodbye to fossil fuels and moreso for putting the interest of the planet before profits.💚💚💚

          2
          • Aude Boulord

            94 w

            They are definitely leading the way in the financial sector and understood that the action is required now.

            1
          • Marine Stephan

            94 w

            Wonderful! Good job

            2
            • Christina Carlmark

              94 w

              We need more brave forerunners like this.

              2
              • Kihm Francis

                94 w

                Amazing work you are doing Allianz💚

                1
                • Sarah Chabane

                  94 w

                  Wow! Great job Allianz

                  2
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