Allianz has phased out clients in the coal industry and other industries related to climate change controversy. Allianz scored a 95 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Allianz increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. Allianz forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. The company is a signatory of the UN Free & Equal LGBTI Standards of Conduct and initiated the Net Zero Asset Owner Alliance, committing them to carbon neutrality by 2050. For these reasons, Allianz receives a High Risk rating.