Global insurer Allianz has pledged to make 100 % of its investments carbon - neutral by 2050 , in a statement its CEO Oliver Bate called a " commitment to society " . The decision to stop investing in companies that contribute to global warming was announced at the firm 's recent meeting in Munich . The insurer 's € 670bn ( $ 2020 ) of investable assets will instead be put towards environmental , social and economic objectives . Allianz also confirmed plans to make its global operations , which span 70 countries , climate - neutral by 2020 .
Global insurer Allianz has pledged to make 100% of its investments carbon-neutral by 2050, in a move its CEO Oliver Bate called a "commitment to society". The decision to stop investing in companies that contribute to global warming was announced at the firm's recent AGM in Munich. The insurer's €670bn ($753bn) of investable assets will instead be put towards environmental, social and governance investments. Allianz also confirmed plans to make its global operations, which span 70 countries, climate-neutral by 2023.