Allianz

Germany, Minnesota
Diversified Financials, Insurance

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Allianz has phased out clients in the coal industry and other industries related to climate change controversy. Allianz scored a 95 out of 100 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, the company increases the risk of dividing employees, alienating customers and harming shareholders. The company provides a benefits package for employees which covers transgender medical procedures for covered employees and dependents, including children. It also uses sex and gender ideology criteria in marketing and philanthropic support. 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. Allianz is a signatory of the Principles for Responsible Investment, incorporating ESG issues into investment analysis, decision-making, and other business practices. The company discriminates against some religious organizations in its charitable giving. Allianz provides unconscious bias training for all its employees. The company’s CEO, Jasmine Jirele, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. For these reasons, Allianz receives a High Risk rating.

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