Allianz has committed to achieving net-zero emissions before 2050 in line with the goals of the Paris Agreement to limit global warming to well below 2°C above preindustrial levels and pursue efforts to limit warming to 1.5°C. 's latest filings mentioned the keywords 'Emissions' and 'Greenhouse Gas' most number of times in relation to 'Net Zero'.

In 2021, the company's carbon footprint per employee was 0.9 tCO2e, a 60 % reduction against a 2019 baseline. The company has set a target to reduce GHG emissions by 30 % per employee by year-end 2025, against a 2019 baseline. Further, Allianz's scope 1 emissions was 28,699 tCO2e, scope 2 emissions (location-based) was 149,599 tCO2e, and scope 2 emissions (market-based) was 54,689 tCO2e. The company's scope 3 emissions was 55,359 tCO2e in 2021. The company has taken steps to reduce emissions and achieve its net-zero targets. Allianz has invested in renewable energy and energy efficiency measures, including the installation of solar panels on its buildings and the use of electric vehicles. The company has also implemented a carbon pricing mechanism to incentivize emissions reductions and has set internal carbon reduction targets for its operations.

In addition to its own operations, Allianz is also working to reduce emissions in its investment portfolio. The company has committed to integrating climate risks and opportunities into its investment decisions and has set a target to reduce the carbon intensity of its portfolio by 25% by 2024. Allianz has also joined the Net-Zero Asset Owner Alliance, a group of institutional investors committed to transitioning their investment portfolios to net-zero emissions by 2050.

In conclusion, Allianz's commitment to achieving net-zero emissions by 2050 and its significant reductions in carbon footprint per employee demonstrate its dedication to addressing climate change. By investing in renewable energy, implementing energy efficiency measures, and integrating climate considerations into its investment decisions, Allianz is actively working towards its targets while aligning with the goals of the Paris Agreement and participating in collaborative initiatives such as the Net-Zero Asset Owner Alliance.

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