Allianz outlines net-zero transition plan

The intermediate targets apply to the company's Property & Casualty (P&C) insurance portfolios, which now aim for targeted carbon emission reduction of 30% for the retail motor segment, and greenhouse gas (GHG) emission intensity reduction of 45% in the commercial insurance segment, by 2030.

"We believe our intermediate targets will help us realize our growth potential and contribute to a healthier, more secure future for everyone," said Allianz CEO Oliver Baete.