The release of the 2021 sustainability report (April 2022) was accompanied with the announcement that Allianz "will limit the greenhouse gas emissions (GHG) deriving from Allianz’s sites and activities in over 70 markets to net-zero by 2030, instead of 2050 as originally planned." This target covers business operations. . 

In addition to this target, Allianz is a founding member of both the Net-Zero Insurance Alliance and Net-Zero Asset Owner Alliance. Allianz will transition "all operational and attributable GHG emissions from its insurance and reinsurance underwriting portfolios to net-zero GHG emissions by 2050" (page 98, . Also on the climate change webpage the top commitment is "Net-Zero emissions in our proprietary investment portfolio by 2050 . The emissions deriving from insurance and proprietary investment portfolios are currently not all included in scope 3 emissions, so fall outside the main Net-Zero target. 