Six Allianz SE's business lines obtain global EDGE Assess certification for gender equity

Posted on March 1st, 2022

Allianz Insurance, Allianz Partners, Euler Hermes, Allianz Services, Allianz Technology and Allianz Global Corporate & Specialty SE: each obtained global EDGE Assess level certification

Allianz Insurance, Allianz Partners, Euler Hermes, Allianz Services, Allianz Technology and Allianz Global Corporate & Specialty SE undergone an independent third-party assessment and verification of their workplace gender equity, and each obtained global EDGE Assess level certification.

The certification covers 67 individual entities: across 30 countries of operation of the Allianz Group. This important undertaking shows the individual entities’ commitment to a consistent, systematic and structured approach towards gender equity across business lines and geographical locations.

EDGE is the leading global assessment methodology and business certification standard for gender equity. EDGE Assess is the first certification level, where the organisation commits to an impactful action plan, which documents how it will accelerate its progress in terms of gender balance across the talent pipeline, gender pay equity, effectiveness of policies and practices and fostering an inclusive workplace.

The certification process involves a rigorous third-party review of representation across the pipeline, pay equity, effectiveness of policies and practices, and inclusiveness of an organisation’s culture. As an integral part of the assessment, employees receive a comprehensive survey to assess perceptions of career development opportunities in the workplace.

Renate Wagner, Member of the Board of Management and responsible for HR at Allianz SE, says: “Achieving the EDGE Assess gender equality certification for our insurance entities globally is proof of our strong commitment on equal opportunities for all our employees. This success makes me extremely proud and is an important milestone on our journey to gender equality.”

Aniela Unguresan, Founder of EDGE Certified Foundation, says this is a significant achievement for both EDGE and the six Allianz SE’s business lines: “Allianz’s global EDGE Certifications at the Assess level testifies to the commitment of the group to put a diverse workforce, an equitable work environment and an inclusive culture at the heart of its business success. Through a remarkable undertaking, involving the assessment, benchmarking and independent third-party verification of 67 entities across 30 countries and 6 business lines, Allianz used the EDGE Certification process not only to bring rigour, discipline and global consistency to their approach but also to raise the bar in the industry when it comes to transparency and accountability for progress in workplace gender equity.”

 

ABOUT ALLIANZ

The Allianz Group is one of the world’s leading insurers and asset managers with 120 million private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 802 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage 1.9 trillion euros of third-party assets. Thanks to our systematic integration of ecological, social and governance criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index, launched on 12.11.2021. In 2020, over 150,000 employees achieved total revenues of 140 billion euros and an operating profit of 10.8 billion euros for the group.​

ABOUT EDGE CERTIFICATION ​​

​​EDGE is the leading global assessment and business certification for gender and intersectional equity. EDGE Certification involves a rigorous third-party review of representation across the pipeline, pay equity, effectiveness of policies and practices, and inclusiveness of an organization’s culture. As an integral part of the assessment, statistical data is analysed, policies and practices are reviewed and employees’ experiences of career development opportunities in the current workplace are accounted for. Depending on the specific results of each organization, an action plan is formulated, and firm commitments towards its implementation.​​

EDGE Certification meets organizations where they are in their gender balance journey (EDGE) and in their intersectional equity journey (EDGEplus) through its three levels of certification: Assess, Move and Lead. A certification at the EDGE Assess level recognizes commitment, one at the EDGE Move level showcases progress and a certification at the EDGE Lead level celebrates success in fostering gender equitable workplaces. An EDGEplus certification further recognizing its commitment to analysing intersectional issues between gender and one or several of the following additional dimensions: gender identity, race/ethnicity, LGBTQI+, working with a disability, nationality and age.​​

​​EDGE Certification is built around the independent third-party certification of data and information and is distinguished by its rigour and focus on impact granted by one of the EDGE accredited independent third-party certification bodies – SGS, Intertek or FloCert, it remains valid for a period of two years. EDGE’s current customer base consists of over 200 large organizations in 50 countries across five continents, representing 30 different industries.​

 

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