Global insurer Allianz has pledged to make 100% of its investments carbon-neutral by 2023, 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 2050.
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.