PROJECT M
 

Uncovering animal welfare risks

Humanity’s growing demand for meat is causing potential issues for businesses and investors

© Brian Finke

Uncovering animal welfare risks

Humanity’s growing demand for meat is causing potential issues for businesses and investors

BELIEFS IN ACTION

Allianz is a board member of the UN-led initiative, the Principles for Sustainable Insurance. The company is also leading a global consultation on the insurance industry in 2017. This will investigate the potential for an industry standard on assessing ESG criteria in transactions. The aim is to accelerate the understanding of ESG issues in the industry, while encouraging clients towards  good risk management from a financial, environmental and social perspective.

Allianz sees animal welfare as a key sensitive business area where it believes it can support clients in mitigating risk. A sensitive business guideline applies to all Allianz insurance and investment business focusing on animal welfare. This highlights the importance of good conditions of confinement and avoiding excessive use of antibiotics, amongst others in order to screen for potential risks and if they can be mitigated.

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