It drives us forward by setting out what we want to achieve and how we will work together to deliver our goals across five key areas. In , we continued to develop and implement our strategic approach, building on the five pillars of success — integrity, financial strength, technical competence, operational excellence and talent base.
Our most material issues are those that are perceived as vital for business success and sustainability by our stakeholders and by Allianz. We engage with key stakeholder groups to identify what they see as materially important for sustainable development at Allianz.
Sustainability Reporting - EcoVadis
In , we conducted a materiality assessment to identify the issues perceived as being of highest importance by our stakeholders to our sustainability approach. This allows us to ensure that our Corporate Responsibility Strategy and our reporting continue to focus on the most important matters. We have used the outcomes of this assessment to guide our reporting of issues and performance for and we will continue to use the insights to further develop our sustainability reporting, strategy and roles in the coming years.
Our Corporate Responsibility Strategy is organized around three pillars through which we respond to our material issues:. We are working to better align our Corporate Responsibility Strategy with our company strategy and integrating it further is a priority for the coming years.
We also work to reduce our direct carbon footprint as a company and have been carbon-neutral since This ESG integration is carried through multiple processes and corporate rules. Sustainability at Allianz: why we do it. We strive to do sustainable business and offer sustainable products and services.
Dialogues with our stakeholders help us to find solutions to global and local challenges.
Strategic Governance Menu
We protect natural resources, the environment and contribute to a low-carbon economy. We believe strong governance is the foundation for delivering on our sustainability agenda. At PepsiCo, sustainability topics are integrated into, and not separate from, our business. The full Board considers sustainability issues an integral part of its business oversight, as sustainability topics are integrated into, and not separate from, our business strategy.
To align with our sustainability agenda, in , our Board created a Public Policy and Sustainability Committee.
In , we reviewed our sustainability governance structure to identify opportunities to strengthen the integration of sustainability into our business agenda and processes. This ensures that sustainability is a key accountability factor for every member of our senior leadership team. Strategy and progress against our sustainability goals are discussed during meetings of the full senior leadership team on a regular basis, providing opportunities for our senior leadership to align on major strategic issues relating to sustainability.
In between these meetings, senior leadership team members remain actively engaged in executing against our sustainability goals, driving the agenda with their teams. To help drive progress, we award our executive officers annual incentives for achieving key business and individual objectives against pre-approved targets.
PepsiCo's senior leadership team has empowered selected leaders within the company to create and oversee global strategy and execution for each of our sustainability goals.
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These leaders, who were selected for their deep knowledge of the goals they are directing, work with teams comprised of representatives from key functions and all geographic sectors to ensure successful implementation of processes across our businesses. Serving as the key central connection point, the Sustainability Office works closely with leaders from across the business to ensure continued performance progress against our sustainability agenda.
The Sustainability Office also plays a key role in bringing a sustainability lens to long-term corporate strategic planning and key business processes, ensuring that sustainability is always embedded into the fabric of what we do as a company.
Another key role of the Sustainability Office is managing the integrity of the data on which we report.
Related Strategic Governance - Enabling Financial, Environmental, and Social Sustainability
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