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Climate Change and the Financial Industry: An Agenda for Action Michael Anthony, Allianz SE March, 2007. Index of Slides. Facts on Climate Change Allianz Response: Knowing and Understanding the risks Allianz Response: Managing the risks and capturing the opportunities.
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Michael Anthony, Allianz SE
Facts on Climate Change
Allianz Response: Knowing and Understanding the risks
Allianz Response: Managing the risks and capturing the opportunities
"The insurance industry has always played a key role in helping business and society understand new risks. We provide an early warning, if you will. Allianz believes it is already seeing signs that climate change is a serious emerging risk, and we expect it to remain a top-tier issue for the insurance industry for many decades to come.”
- Clement Booth, Allianz SE board member
“Many customers still perceive climate change issues as being relevant to Socially Responsible Investment only. However, as asset managers, it is our duty to look at all risks that may be impacting our client’s investments. In the end, carbon risk will be a market risk. So we must balance the short term with the long term risks. Climate change is no exception.”
- Joachim Faber, Allianz SE board member and CEO of Allianz Global Investors
Leveraging our Products, Services and Global Reach
Awareness to Action
Allianz & WWF team up to analyze climate risks in Allianz’s business
Allianz & WWF publish “Climate Change & the Financial Sector: An Agenda for Action”
Allianz Climate Core Group established to coordinate emerging Group climate activities
Allianz Group Climate Strategy to prioritize and focus developing Group response to climate risks / opportunities
80 point Climate Action Plan assigns responsibility & timeframes to implement Climate Strategy
Allianz Austria launches climate friendly car insurance scheme
From Awareness to Action…
Business Cases (Overview)
Business Case for Insurance
Business Case for Banking
Business case for investment
“Climate change creates significant costs for the financial industry. In the interest of our clients and shareholders we are obligated to take these risks into account when making decisions on insurance underwriting, investments or lending credit.“Joachim Faber, Allianz SE Board Member and CEO of Allianz Global Investors