Allianz PNB Life commits to 100% renewable use

MANILA, Philippines — Allianz PNB Life has committed to use 100 percent renewable energy by 2023, following the group’s global push to be a fully-sustainable company by 2050.

Its parent firm has been carbon neutral since 2012.

In line with its push for sustainability, the company is also keeping a strong focus on investing in companies with sustainable business practices that deliver long-term value via its Peso-Hedged Global Sustainability Equity Fund.

The fund gives its holders the opportunity to invest in global equity markets of developed countries.

It prioritizes investments in companies with sustainable practices, and its hedging component minimizes the risk of exchange rate movements, adding further protection for investors.

The equity fund is in line with Allianz’s Sustainable Investing, which incorporates Environmental, Social, and Governance (ESG) factors into investment decisions to better manage risks and generate sustainable, long-term results.

It came about as traditional financial analysis has been found to be inadequate to cope with hidden risks and failed to capture opportunities.

The equity fund was promoted during the company’s recent Sustainability Forum, where speakers from different industries talked about climate change and the environment and how individuals, companies, and governments can help address its various concerns.

Globally, Allianz has been declared the world’s most sustainable insurer for three years running by the Dow Jones Sustainability Index.

In the Philippines, it has launched a number of sustainability projects that include its support of the Lucio Tan Group’s Project Canopy, which involves the reforestation of the Cordilleras, and the launch of e-Sakay, or electronic jeepneys that ply the Makati and Mandaluyong routes.