Insurance for the additional costs caused by climate change
“In the name of climate protection, the Allianz Group, for example, wants to bring the total output of all its real estate investments into line with the target of 1.5 degrees Celsius by 2025 in the Paris Climate Agreement. By the same date, our group of companies will reduce its greenhouse gas emissions from its operations by 30 percent compared to 2019. Accordingly, we refrain from investing in high-carbon business models. In addition, we will double the share of green electricity use by 2023 and further reduce the use of disposable plastics and paper in our operations. We do all this so that our customers can invest with us in a future in which they would like to live” Malicskó Gábor, Head of the Product Portfolio Management Division of Allianz Hungária Zrt. said.
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