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Study: An insurer is the most sustainable company

December 3, 2020 – For the magazine “Stern”, Statista analyzed 2,000 companies across all sectors under sustainability aspects and asked 13,000 consumers for their assessment. The alliance leads the ranking. Another 19 insurance groups also make it into the top 200.

The Statista GmbH has on behalf of the editorial team of the magazine “Stern“Examined more than 2,000 companies with headquarters in Germany for their environmental, economic and social goals. Only companies that employ at least 500 people, are among the top-selling companies or are listed in a stock index were included.

A survey and 30 key figures were evaluated

For the study, current sustainability and business reports were analyzed according to more than 30 key figures. The criteria ranged from the position on renewable energies and the proportion of women in management positions to compliance with the Corporate Governance Code.

In addition, the sustainability perception of companies was surveyed via an online panel. Around 13,000 study participants rated statements such as: “The company is committed to environmental protection”, “The company is committed to charitable purposes” or “The company acts fairly towards competitors and suppliers”.

The data analysis took place in August and September, the survey in October. The complete ranking and the presentation of the methodology is here to read.

200 companies have qualified for the ranking

The result: the Allianz Group is the most sustainable corporate group in Germany. The pharmaceutical company Merck and the German subsidiary of Telefonica follow in second and third place.

A total of 200 companies were able to qualify for the ranking. All of them achieved an above-average result, says the “Stern”. In addition to Allianz, which, according to information in the magazine, has stopped the insurance of coal-fired power plants and makes financial investments sustainable, another 19 insurers make it onto the list of the best.

The Hannover Rückversicherung AG just misses the podium and is in fourth place. The Talanx AG reaches the top ten. As the only financial distributor is the MLP SE represented (Patz 77).

Upon request, the “star” will inform you that the Barmenia life insurance aG (25th place) have “a very good own sustainability report”. That’s why the Statista experts decided to rank both the daughter and the group (181st place). The procedure will be examined in the next year.

The data analysis took place in August and September, the survey in October. The complete ranking and the presentation of the methodology is here to read.

The most sustainable insurers in Germany

space

Companies

Score

environment

Social

Economy

total

1

Allianz

100,0

80,9

91,1

90,7

4

Hannover Re

91,8

84,4

84,9

87,0

6

Talanx

94,6

73,6

91,4

86,5

25

Barmenia life

89,1

72,1

82,1

81,1

34

Münchener Rückversicherungs-Gesellschaft AG in Munich

92,5

63,1

83,6

79,7

40

Hansemerkur Group

65,7

88,9

81,4

78,7

48

LVM insurance

77,6

91,0

64,4

77,7

52

Provincial Rhineland Insurance

69,9

81,8

78,6

76,8

60

Ergo insurance

60,3

90,4

75,8

75,5

78

Debeka group

66,4

65,1

87,6

73,0

84

Arag group

54,3

78,3

85,0

72,5

95

R + V insurance

82,1

53,1

80,3

71,9

100

Wüstenrot & Württembergische AG

51,4

77,5

85,7

71,5

106

Signal Iduna Insurance

69,9

63,2

80,1

71,0

110

SV Sparkasse Insurance

75,0

57,8

80,0

70,9

147

DEVK insurance

64,0

82,0

55,3

67,1

167

Gothaer Group

62,1

67,4

67,1

65,5

181

Barmenia group

54,9

58,2

81,4

64,8

184

Concordia Insurance

39,3

74,1

79,8

64,4

190

Hannover Insurance Group

59,8

65,6

66,5

64,0

Further studies on the sustainability of insurers

For the fourth time, the Servicevalue GmbH on behalf of the magazine “Focus Money“Examines how sustainable and responsible the German financial service providers are from the point of view of their customers (VersicherungsJournal 22.10.2020).

The Zielke Research Consult GmbH In its study “Spotlight CSR Insurance 2019 – European Insurers” took a close look at 46 reports from European insurers – including 22 German ones. It was analyzed how transparently corporate ESG actions are disclosed (23.10.2020).

The background to this is that, from March 2021, intermediaries will also have to ask and advise their customers about the sustainability criteria when investing.

A survey by “Insure our Future” has shown that 23 of the 30 largest insurers in the world have either ended or restricted their coal business in recent years (Medienspiegel 2.12.2020).

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