Allianz Trade Unveils Roadmap for Sustainable Insurance
Allianz Trade, the global leader in trade credit insurance, has published its first-ever Sustainability Handbook – a comprehensive roadmap highlighting its ESG achievements, current initiatives and future ambitions.
The publication outlines how Allianz Trade is embedding sustainability into its business operations and client offerings, detailing measurable progress in 2024 and ambitious targets set for the years ahead.
ESG integration
Allianz Trade has made rapid progress in its sustainability roadmap.
“This Handbook marks our first step in transparently sharing our progress towards our sustainability objectives,” says Florence Lecoutre, Group Board Member in charge of Sustainability, Data Analytics & AI, Human Resources, Compliance and Communications at Allianz Trade.
“Together, with our people, passion and purpose, we help companies grow securely, detect new vulnerabilities, and expand more sustainably.”
The company reports a 60% cut in GHG emissions per employee and a 78% drop in energy consumption across its operations.
Additionally, 100% of its electricity use is now from renewable sources.
“Last year, we achieved remarkable progress on each pillar of our sustainability roadmap,” says Piril Kadibesegil Yasar, Head of Sustainability at Allianz Trade.
“We reduced GHG emissions per employee by 60%, and energy consumption by 78%.
“We launched dedicated squads in Germany, Italy and Northern Europe to promote sustainability principles and drive the implementation of our roadmap at a local scale.”
Sustainability is now embedded across the company’s underwriting, credit risk assessments and investment decisions.
The insurer is also advancing customer engagement through tools such as ESG risk driver questionnaires and AI-powered analysis from its Data Lab.
Green finance and net zero targets
A standout development is Allianz Trade’s suite of sustainable insurance products.
Its Green2Green solutions, including the Specialty Credit Green2Green and Surety Green2Green offerings, support renewable energy, sustainable mobility and low-carbon infrastructure by reinvesting premiums into certified green bonds.
“We steered the decarbonisation of our portfolio by integrating sustainability in our risk assessment and commercial underwriting processes,” comments Piril.
“We created value through sustainable insurance solutions, with the launch of Surety Green2Green.
“These are just a few examples, and we are committed to going even further in the years to come.”
Allianz Trade is actively enabling landmark projects such as a 1,000 MW offshore wind farm in Poland, solar installations in Asia and electrification of public transport fleets in the Baltics.
These initiatives are not only covered by bespoke insurance products but are part of a broader strategy to decarbonise trade finance.
Looking forward, Allianz Trade has aligned with the Allianz Group’s Net Zero ambitions, committing to:
- Reduce operational GHG emissions by 65% by 2030
- Achieve net zero GHG emissions across its proprietary investment and insurance portfolios by 2050.
Inclusion, governance and responsibility
Allianz Trade’s sustainability progress extends beyond emissions.
The firm holds EDGE certification for gender equality, with women representing 55% of its workforce and 44% of management.
Its training and well-being initiatives also stand out – in 2024, employees completed 57.2 hours of learning on average, with 97.8% participating in at least one training course.
“Climate change and new societal expectations are reshaping our role as insurer, employer and corporate citizen,” comments Florence.
“From governance to emissions reduction and employee engagement, we are taking concrete steps to drive impact and with our plan, we aim to foster sustainable growth and a mindset of responsibility across our industry.”
Building resilience for the future
Through robust governance, ESG-linked remuneration policies and sustainable procurement practices, Allianz Trade is weaving sustainability into its corporate DNA.
“At Allianz Trade, sustainability is not just an ambition – it is a responsibility embedded in how we operate and support businesses worldwide,” says Aylin Somersan Coqui, CEO of Allianz Trade.
“As climate, economic, and social challenges accelerate, we recognize our role in driving positive change.
“Our priorities are clear: reducing our own carbon footprint, embedding sustainability in underwriting and operations, and driving value through sustainability products & services in the market.
“With strong governance and a collective commitment across our teams, we are accelerating our journey toward a more sustainable future.”
Its commitment is reinforced by cross-sector partnerships, such as those with Save the Children and the International Finance Corporation (IFC), as well as inclusion initiatives like the PRIDE and Beyond employee networks.
By formalising its sustainability commitments in a dedicated handbook, Allianz Trade is setting a benchmark for transparency and ambition in the trade credit insurance sector.
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