GEO AWARD WINNERS

Allianz’s inclusive global reward proposition successfully replaced local share plans across the whole of the Allianz group enabling the majority of Allianz employees globally to own Allianz shares.

The ESPP is designed to be user-friendly, digital, scalable, and fair, rewarding each and every employee for Allianz meeting its group targets. Key features of the plan include using one single share plan provider and one digital platform, harmonizing the subscription period, setting the holding period at three years, and automatically reinvesting dividends into the scheme globally.

The ESPP also includes unique features that make it stand out in the industry, such as the option to offer one tax-exempt Allianz free share to employees globally and the payout of a cash equivalent to remaining employees who work in countries where the ESPP cannot be implemented.

The judges were impressed by the ESPP's inclusivity and fairness, which align with Allianz's corporate purpose of "We secure your future." The plan engages all employees to contribute to Allianz's strategic objective of becoming a loyalty leader with customers in all its markets, fostering a sense of solidarity and belonging among employees globally.

The judges commended the ESPP's creative solutions in reducing workloads, scaling processes, and fostering engagement with participants, making it a deserving winner of this award.