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Allianz Türkiye Has Published its Third Integrated Report

Breaking a new ground among companies that are not open to
investment and in the insurance industry in 2019, Allianz Tür-
kiye, which switched to GRI-based integrated reporting, pub-
lished its third integrated report as of this year. The integrated
report, which has also undergone an independent external au-
dit, shares the details of the sustainability journey that Allianz
Türkiye has begun to contribute to the transformation of its
ecosystem in order to create holistic value. The report also in-
cludes Stakeholder Capitalism Indicators and Climate-Related
Financial Disclosure Task Force (TCFD) reporting.

Allianz Türkiye has published its 2021 integrated report, which
it has prepared in order to announce to the public the pro-
gress it has made by moving its existential purpose “Allianz
with You” to the environmental, social and governance layers The climate crisis, the effects of which we have started to feel
of sustainability. In Allianz Türkiye 2021 Integrated Report, more recently, makes it inevitable that we should do more than
which was prepared in accordance with the International Inte- our part.”
grated Reporting Framework and Global Reporting Initiative
(GRI) standards recommended by the International Integrated “We are taking bolder decisions about the future
Reporting Council (IIRC) and whose non-financial data were with our sustainability committee, which we have
also extensively externally audited, this year, for the first time, moved to the executive board level”
Stakeholder Capitalism Indicators and Climate-Related Finan-
cial Disclosure Task Force (TCFD) reporting are also included. Tolga Gürkan pointed out that as Allianz Türkiye, they aim to
go beyond leading their environment by transforming them-
As a financial institution, it contributes to the selves and to contribute to the transformation of the ecosystem
transformation of the ecosystem in which it is in which they are located as a financial institution and said:
located “In the sustainability journey we started in 2016, we started to
focus on contributing to the environmental, social and govern-
Allianz Türkiye, which has followed a stable sustainability pol- ance transformation of our ecosystem as a financial institution
icy to share the projects it has implemented and the progress as of 2020. In order to support this process and to make bolder
made since 2016, with the press, business world, non-govern- decisions about the future, we have moved our sustainability
mental organizations and the public, believes that the only ac- committee to the executive board level.”
ceptable business model is sustainable value creation. Allianz
Türkiye, which has been publishing a GRI-based sustainability “We are progressing unabated in our climate-
report annually since 2016, broke new ground among compa- oriented targets”
nies that are not open to investment, with its first integrated
report published in 2020 and sharing 2019 data. Allianz Tür- As a result of the reporting, Tolga Gürkan conveyed that they
kiye, which has undergone a comprehensive external audit of its were happy to see that they were progressing in these goals and
non-financial data for the first time with its second integrated said: “As a financial institution, we manage the risks posed
report, also includes TCFD reporting for the first time in its by climate change for a good environment and insure business
newly published third integrated report. Allianz Türkiye, which models that serve a low carbon economy. We are proceeding
reveals its contributions to the transformation of the ecosystem with the principle of net zero carbon in the private sector bonds
not only as an organization but also as a financial institution, involved in the investment process of our own assets. We are
also highlights the different and bold steps it plans to take in the also trying to reduce the negative impact on the environment
future in its latest integrated report. in our damage processes. In our policy production processes,
as Allianz Türkiye, we do not insure coal businesses and do not
“We have to do more than our part” renew policies within the scope of the Allianz Group Climate
Change Program since 2018. We evaluate 13 sensitive business
Tolga Gürkan, CEO of Allianz Türkiye, emphasized that the lines according to sub-criteria, and we do not provide collateral
awareness that started with the pandemic process and increased for jobs that damage the environment and ecosystem. The fact
with the natural disasters experienced one after another, once that our total income from our sustainable solutions that sup-
again shows the importance of individual and corporate benefit port renewable energy and aim to prevent environmental pol-
efforts in terms of the environment and climate. Gürkan said: lution reaches 72.6 million TL, and that we have redesigned
“Especially the global climate crisis, the rapid depletion of nat- our home insurance product ‘Yuvam’ as a sustainable product,
ural resources and possible new crises related to global warm- gives us the desire to do even more. Stating that they always
ing are considered to cause more damage to the world than the continue to improve in their operations, Gürkan said, “We are
pandemic. Forest fires, extreme heat and floods caused by sud- one step closer to our goal of obtaining the energy we use in
den downpours are reported from all over the world, while new our operations from 100 percent renewable energy sources by
records are being broken in a row related to weather events. 2023. In 2021, this rate increased to 57 percent.”