Allianz UK offices power themselves on 100% renewable energy

Authored by Allianz

Allianz Holdings, which comprises Allianz Commercial and Allianz Personal, is proud to announce that 100% of the electricity its UK offices use now comes from renewable sources.

Allianz sites, including those housing the LV= General Insurance and Petplan businesses, have reached this milestone ahead of the 2023 target set by Allianz Group, which is headquartered in Germany.

In the UK, Allianz directly controls the energy supply at some properties and relies on landlords at others. Where it has direct control, offices have been functioning on 100% renewable energy for several years. Elsewhere, landlords have converted their energy supply more recently, with some of them acting on their own initiative while others did so following a collaborative process with Allianz.

When choosing offices, Allianz now opts for buildings that work on 100% renewable energy from day one, and it audits electricity supplies at existing sites to ensure they remain functioning at 100% RE. These renewable sources include solar, hydro and thermal energy, as well as biomass and wind.

Oleh Melnyk, head of procurement and property management at Allianz, said: “We take our environmental responsibility very seriously. Sourcing 100% of our electricity from renewables is part of our wider strategy to operate in a sustainable way and reduce our carbon footprint. We believe that is the best way to do business now and in future, as Allianz is changing its stance from leading the Environmental, Social and Governance (ESG) agenda to shaping it.”

At a global level, Allianz is the number one insurer in the Dow Jones Sustainability Index, reflecting its environmental achievements. In the UK, Allianz has been carbon neutral since 2012 and continues to lower its CO2 emissions, as well as cutting waste and reducing water and paper consumption. Acting in partnership, Allianz supports suppliers and brokers in reducing their carbon footprint too.