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Company: Allianz Revenue: € 180bn( US $ 195bn) total business volume Employees: 157,000 Founded: 1890

Insurance is where climate change stops being an argument and starts being an invoice, and nobody has pressed that point harder than Oliver Bäte. The Allianz CEO co-founded the UN-convened Net-Zero Asset Owner Alliance in 2019, dragging some of the world’ s largest institutional investors into hard interim targets rather than distant pledges, and committed one of the biggest insurers on earth to net-zero operations. What gives the position its weight is the balance sheet behind it: Allianz manages a trillioneuro investment book and writes the cheques when the floods and the fires arrive, which means Oliver is simultaneously funding the transition and paying for the failure to make it. He has spent years telling other chief executives, in the flat register of a man reading a claims report, exactly what the weather is going to cost them. businesschief. com 55