Allianz has additionally accelerated its climate targets for its business operations and plans to reduce its GHG emissions by 50% versus 2019 by 2025. (Allianz has additionally accelerated its climate targets for its business operations and plans to reduce its GHG emissions by 50% versus 2019 by 2025.) There is also an interim target for investment portfolio related emissions. 2021 Sustainability Report: “As intermediary target, we aim to reduce our emissions in listed equities and corporate bonds by 25% by year-end 2024 compared to 2019 baseline” (page 98, https://www.allianz.com/content/dam/onemarketing/azcom/Allianz_com/sustainability/documents/Allianz_Group_Sustainability_Report_2021-web.pdf) Note: year-end 2024 has been taken to mean by 2025 in the Interim Target Year, in line with what is stated on the climate change webpage (https://www.allianz.com/en/sustainability/climate-change.html).
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