Allianz ESG
Disclosure under Article 4 EU SFDR
“No consideration of adverse impacts of investment decisions on sustainability factors”
n compliance with article 4 (1) (b) Regulation (EU) 2019/2088 (Sustainable Finance Disclosure Regulation, SFDR) and article 12 Delegated Regulation (EU) 2022/1288 supplementing Regulation EU 2019/2088 (Regulatory Technical Screening Criteria, RTS), Allianz Darta Saving discloses the following statement:
Allianz Darta Saving does not consider adverse impacts of its investment decisions on sustainability factors on entity level.
Allianz Darta Saving currently only offers unit-linked insurance products with underlying investment options/ assets the customer can invest in.
While Allianz Darta Saving is involved in the asset manager and fund selection process for the unit-linked insurance products, the investment decision itself is made by the customer. The customer selects a specific product from several options and hence, explicitly or implicitly, chooses the funds to invest in, not Allianz Darta Saving. Consequently, the decision if and to what extent the investment considers adverse impacts on sustainability factors lies exclusively with the customer.
While Allianz Darta Saving has no influence on the customer’s investment decision, Allianz Darta Saving applies certain criteria to the asset manager and fund selection process to align the process with the Allianz’ overall sustainability approach.
In selecting the asset managers, Allianz Darta Saving ensures that they fit the ESG criteria adopted by the Allianz Group. Specifically, Allianz Darta Saving ensures that the asset managers’ investment strategies do not include, directly or indirectly, investments in companies involved in the production, distribution, and maintenance of controversial weapons. These are weapons that are banned by international agreements such as cluster munitions, chemical weapons, biological weapons and anti-personnel landmines.
Additionally, we actively pursue and continuously monitor exclusions around coal, oil-sand and oil and gas related restrictions. Our exclusions and restrictions apply to all existing and new investments.
For more information on the design of the underlying investment options and the consideration of adverse impacts, please see the pre-contractual information of the underlying investment options and the respective entity website disclosure. The information can be found in the Allianz Darta Saving website
As soon as Allianz Darta Saving will offer a product based on proprietary investments, Allianz Darta Saving will consider adverse impacts of its investment decisions on sustainability factors on entity level and disclose accordingly.
For proprietary investments, the Allianz Group considers adverse impacts of its investment decisions with respect to insurance investment assets1 and has a robust framework in place to identify and assess those impacts. Key internal policy documents define and govern this approach. Hereby adverse sustainability impacts such as greenhouse gas (GHG) emissions, biodiversity loss, water stress, hazardous waste and toxic emissions treatment, human rights violations, health & safety, adverse community impacts, bribery and corruption are considered through various methods such as exclusions, detailed investment guidelines, short-term and long-term reduction targets, and engagement. To identify and assess adverse impacts we take several indicators into account depending on their materiality for the respective investment. Furthermore, Allianz has made several commitments to strategic initiatives related to climate change, amongst other topics, which strengthen our approach to mitigate potential adverse impacts.