Allianz Insurance is looking to encourage its suppliers to develop their environmental, social and governance credentials and has launched a sustainable procurement charter. In its future tender assessments, Allianz will apply a minimum weighting of 10% to ESG factors. It has also said it will offer ESG support and education to suppliers.

The insurer wants suppliers to reduce carbon emissions, recycle waste, use renewable energy and consider biodiversity elements for their premises.

It would like to see them pay all employees the national living wage and provide fair opportunities to everyone. It is also encouraging them to establish whistleblowing mechanisms and to ensure all tendering activities are open and transparent.

Oleh Melnyk, head of procurement and property at Allianz, said: “We need to act against climate change and we can’t act alone, we need to involve our supplier partners. This charter will help develop a shared mindset with them, creating a fairer and more transparent environment. We want to be market leaders in sustainable procurement; that’s part of our ESG ambitions.”

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