Allianz
Corprate Bias Ratings
Risk Level:
Summary:
Allianz has phased out clients in the coal industry and other industries related to climate change controversy. The company is part of the Net Zero Insurers Alliance and Net Zero Asset Owners Alliance, which also leads the company to end business relationships. The company vets vendors according to LGBTQ policies and does not provide its employees with protections against viewpoint discrimination. Allianz covers the cost of "medically necessary transition-related care" for its employees and their children. However, it has not used its corporate funds or PAC contributions for ideological purposes. For these reasons, Allianz receives a "High Risk" rating.
Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.
Allianz received a score of 100 on the Corporate Equality Index from the Human Rights Campaign. Among other requirements, this means the company has pledged to vet vendors based on LGBTQ policies (1). In 2015, Allianz began restrictions on the coal industry with plans to “phase out coal-based business models from its investment and property and casualty insurance businesses by 2040” (2). The CEO states the reasoning to be the following, “Climate change generates enormous economic and social risks. It is already harming millions of people today…As a leading insurer and investor, we want to promote the transition to a climate-friendly economy” (3). Allianz initiated the Net Zero Asset Owner Alliance and is part of the Net Zero Insurance Alliance, committing them to carbon neutrality by 2050 (4)(5).
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.
Allianz does not protect employees from viewpoint discrimination (1).
Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.
Allianz has a perfect score on the HRC’s 2022 Corporate Equality Index. This score indicates the company covers the cost of “medically necessary transition-related care” for its employees and their children (1)(2). The company hosts Pride Month events internally and Allianz is a signatory of the UN Free & Equal LGBTI Standards of Conduct (3). Allianz initiated the Net Zero Asset Owner Alliance and is part of the Net Zero Insurance Alliance, committing them to carbon neutrality by 2050 (4)(5).
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
Allianz does not donate to ideological groups hostile to freedom of expression (1).
Uses corporate political contributions for ideological, non-business purposes.
Allianz’s PAC donates in a bipartisan manner and has not been used for ideological purposes (1).
All links were last accessed and all information was updated on:
June 5, 2023
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