CSR Press Release

- June 4, 2008 - Ethisphere, a think-tank dedicated to the research and promotion of profitable best practices in global governance and corporate responsibility, announced the award at the Ethisphere & Forbes joint-conference "Driving Profit through Ethical Leadership" on June 3rd.

"Allianz is among the companies honoured this year because they have developed impressive and meaningful ethical business practices, making them true standouts within their industries." said Alexander Brigham, executive director of Ethisphere Institute. "They go well beyond legal minimums, opting instead to bring about innovative ideas that contribute to the public well being. By their actions, they are forcing their competitors to follow suit, or fall behind and truly embodying the notion that ethical business practices are more profitable in the long run."

Contributing to a sustainable future is one of key fundamentals for successful business and customer satisfaction, says Michael Diekmann, the CEO of Allianz SE."The challenges our customers face are the challenges of our business - be it the warming planet, an aging society or an uncertain economic future.The solutions that we develop need to be both innovative and sustainable.Together with its employees, agents, brokers and other distribution partners, with investors and non-governmental organisations, Allianz is building those win-win-alliances that generate knowledge and translate into action."

The 2008 World's Most Ethical Companies researchers and analysts reviewed over 10,000 of the world's leading companies in order to determine the 100 finalists. The multi-step evaluation process analyzed codes of ethics, litigation and regulatory infraction histories; evaluated investment in innovation and sustainable business practices; looked at companies' activities to improve corporate citizenship; and worked with consumer groups for feedback and rating.

More on Allianz SE engagement can be found on the Allianz Knowledge CSRWire Member Profile: Allianz Knowledge CSRWire Enhanced Member Profile(EMP).

About Allianz
Allianz SE is member of Transparency International and supports the Principles of the United Nations Global Compact and the OECD Guidelines for Multinationals through its Code of Conduct.

Allianz SE is the leader of the insurance sector in the Dow Jones Sustainability Index World 2007/2008, listed in FTSE4GOOD and in the Climate Disclosure Leadership Index (Carbon Disclosure Project, CDP5).

About Ethisphere Institute
The research-based Ethisphere Institute and associated membership group, the Ethisphere Council, are supported by more than 100 institutions and corporations, including Thomson West, the Practising Law Institute, the National Association of Corporate Directors, the Global Reporting Initiative, Corpedia and dozens of others. The Institute is dedicated to the research, creation, and sharing of best practices in ethics, compliance, and corporate governance among its membership companies. The Ethisphere Institute publishes the globally-recognized annual World Most Ethical Companies Ranking(TM)as well as the Government Contractor Ethics Program Ranking(TM) and the upcoming Global Anti-Corruption Quotient
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