NET 0 Tracker
Greenhouse Gas Emissions
Last 3 Years Emissions Data Summary
| Y2021 | |
|---|---|
| Scope 1 | 28,699 |
| Scope 2 - location-based | 149,599 |
| Scope 2 - market-based | 54,689 |
| Scope 1-2 - location-based | 178,298 |
| Scope 1-2 - market-based | 83,388 |
| Scope 3 | 55,359 |
| Total - location-based | 233,657 |
| Total - market-based | 138,747 |
Note: Data sources detailed here
| Y2022 | Y2021 | |
|---|---|---|
| Total CO2e estimate (by Net0Tracker) | 4,957,111 | 4,351,058 |
| Methodology | Pre-calculated sector intensity (revenue) | Pre-calculated sector intensity (revenue) |
Carbon emissions are estimated according to comparable years, intensity and sector benchmarks
Performance vs. Target
Value Chain (scope 3) Emissions by Category
Emissions Trajectory (Full Scopes)
Emissions Trajectory not available
Sector Benchmark
Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.
Allianz belongs to the sector Financials.
Reduction and Net Zero Targets
>Note: intensity targets are not represented in the current version - see Methodology
Gross Absolute Emission Reductions
There is no absolute emission reduction recorded in our database. Email us to report missing information Email
Net Absolute Emission Reductions
There is no absolute emission reduction recorded in our database. Email us to report missing information Email
Net Zero Future Commitments
There is no net zero target recorded in our database. Email us to report missing information Email
Offsets
Last update for Allianz by zerotracker.net: Nov. 14, 2023| Planning to use external offset credits | No |
| Separate targets for emission reductions and removals | No |
| Conditions on use of offset credits | None |
| Plans for carbon dioxide removal (CDR) | Yes (nature-based and CCS-based removals) |
Additional notes: According to the Inaugural Net-Zero Transition Plan, carbon removal will play a significant role in the 2030 NetZero target for Allianz' own operations: " For year-end 2030, we target GHG emission reductions of 70% and foryear-end 2029, -65% ... To address the remaining 30% of the emissions, we will use high-quality carbon removal solutions." (source: Inaugural Net-Zero Transition Plan, p.8 https://web.archive.org/web/20231114123625/https://www.allianz.com/content/dam/onemarketing/azcom/Allianz_com/sustainability/documents/Allianz_Inaugural-Net-Zero-Transition-Plan.pdf). Allianz will use sinks/credits to realize its netzero goals. As stated above, these are required to be 'high-quality' although no defnition for 'high-quality has been provided yet. The following information was provided directly to NZT by Allianz: - 2030 targets "will not use offsetting credits" - "We will use only carbon removal for getting to net-zero state in the respective targets years (2030 for operations, 2050 for portfolios i.e. scope 3 - cat 15)" - "We specify to use only high-quality removal credits, tech + natural (though we are not as detailled as your options)"
Score Summary
| Ref | Principle |
Score
(points) |
Max
(points) |
Delta
(points) |
|---|---|---|---|---|
| 1 | At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified | 0.0 | 10.0 | - |
| 2 | Scope 3 emissions are fully reported and externally-verified | 0.0 | 10.0 | - |
| 3 | CDP score demonstrates the level of transparent disclosures | 8.0 | 10.0 | - |
| Transparency | 8.0 | 30.0 | - | |
| 4 | Net Zero Commitments by 2050 include an intermediate target and cover all the emissions | 0.0 | 10.0 | - |
| 5 | Net Zero targets demonstrate a high-level of emergency | 0.0 | 10.0 | - |
| 6 | Emission reduction targets on a forward-looking basis are ambitious | 0.0 | 10.0 | - |
| 7 | Targets are science-based as validated by SBTi | 0.0 | 10.0 | - |
| Commitments | 0.0 | 40.0 | - | |
| 8 | Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) | 0.0 | 10.0 | - |
| 9 | Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) | 0.0 | 10.0 | - |
| 10 | Implied Temperature Rating by MSCi | 0.0 | 10.0 | - |
| Results | 0.0 | 30.0 | - | |
| Total | 8.0 | 100.0 | - |
Score Details
| Criteria | Results | 2023 Score | 2022 Score | Vs. 2022 | 2021 Score |
|---|---|---|---|---|---|
| Criteria 1 : Transparency on operational emissions (Scope 1 + 2) | |||||
| Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? | NC | 0.0 / 5.0 | - | ||
| Are S1+S2 figures verified by a 3rd-party for the last reporting year? | NC | 0.0/ 5.0 | - | ||
| Criteria 2 : Transparency on value chain emissions (Scope 3) | |||||
| Are the 15 categories fully or partly disclosed? | NC | 0.0 / 5.0 | - | ||
| Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? | NC | 0.0 / 5.0 | - | ||
| Criteria 3 : Quality and Frequency of reporting | |||||
| What is the latest CDP score (no later than the preceding year)? | B | 8.0 / 10.0 | - | ||
| How many interim reporting were provided between 2 reporting periods (GHG emissions only)? | |||||
| Criteria 4 : Net Zero Commitments | |||||
| Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? | NC | 0.0 / 3.0 | - | ||
| Does the net zero target include an intermediate target by 2030? | NC | 0.0 / 3.0 | - | ||
| Does the net zero target include all the emissions? | NC | 0.0 / 4.0 | - | ||
| Criteria 5 : Target year for Net Zero Commitments | |||||
| Target year for achieving net zero emissions for S1+S2? | NC | 0.0 / 5.0 | - | ||
| Target year for achieving net zero emissions for S1+S2+S3 combined? | NC | 0.0 / 5.0 | - | ||
| Criteria 6 : Reduction objectives | |||||
| What is the forward-looking GHG% reduction (without compensation) for scope 1+2? | 0.0 / 5.0 | - | |||
| What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3? |
No target found
|
0.0 / 5.0 | - | ||
| Criteria 7 : Science-Based Targets | |||||
| What type of science-based target (as validated by SBTi) did the company commit to? | Removed NA | 0.0 / 10.0 | - | ||
| Criteria 8 : Results based on scope 1 - 2 | |||||
| Performance to date: cumulative% reduction vs. target |
Objective (in %):
Actual (in %): No target found
|
0.0 / 5.0 | - | ||
| Momentum: last year % reduction vs. forward-looking target |
Objective (in %):
Actual (in %): No target found
|
0.0 / 5.0 | - | ||
| Criteria 9 : Results based on scope 1 - 2 - 3 | |||||
| Performance to date: cumulative% reduction vs. target |
Objective (in %):
Actual (in %): No target found
|
0.0 / 5.0 | - | ||
| Momentum: last year % reduction vs. forward-looking target |
Objective (in %):
Actual (in %): No target found
|
0.0 / 5.0 | - | ||
| Criteria 10 : Implied Temperature Rise (ITR) | |||||
| Is the company aligned with global climate targets? | ITR: None°C | 0.0 / 10.0 | - | ||
| Total | 8.0 / 100.0 | - | |||
Available Data Sources
| Reporting Year | 2021 |
|---|---|
| Source | Yourstake |
| Publication Year | 2022 |
| Scope 1 | 28,699 |
| Scope 2 - location-based | 149,599 |
| Scope 2 - market-based | 54,689 |
| Scope 1-2 - location-based | 178,298 |
| Scope 1-2 - market-based | 83,388 |
| Scope 3 | 55,359 |
| Total - location-based | 233,657 |
| Total - market-based | 138,747 |
Sources
- Yourstake: Data from YourStake.org - see Free SFDR data library
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