Allianz PNB Life Partners with eSakay in Promoting an Environmentally-Sustainable Way to Commute

BUSINESS
November 3, 2019

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Allianz PNB Life, the world’s most sustainable insurer for three years running, recently
partnered with eSakay to launch seven Electric-jeepneys (or E-jeepneys) that currently ply
the Makati and Mandaluyong routes.

“Allianz has always been supportive of environmental sustainability. Through these E-
jeepneys, we are offering Filipinos cleaner and greener alternatives to get to their
destinations within two major business areas in Metro Manila,” said Allianz PNB Life
President and Chief Executive Officer Alexander Grenz.

eSakay is the electric vehicle unit of Manila Electric Co. (Meralco), and they introduced E-
jeepneys back in 2010, according to its operations head, Yuri Sarmiento.

“At that time, we started the Green Route here in Makati, covering Legaspi and Salcedo
Village. We initially had three vehicles that provided free rides. Now, we are glad that with
the help of companies such as Allianz PNB Life, we are able to sustain our efforts in
transitioning to green alternatives of mass transportation,” Sarmiento said.

He added that the initial objective for the deployment was to present an alternative techno-
logy to run vehicles that can help address the problem of air pollution.

“In the Philippines, we have 5,000 deaths every year due to environmental diseases, and
70% of our CO2 emission comes from mobile vehicles. If we cut down the emissions, we
can also cut down the pollution problem in the country, especially here in the city,”
Sarmiento added.

More Sustainable Way of Doing Things

Grenz said that the E-jeepney is just one of Allianz PNB Life’s corporate social
responsibility activities that is focused on the environment.

“As a global company, Allianz has always been mindful about its impact on the
communities it serves, especially today with the threat of climate change. We are glad to
have found a partner in eSakay to promote our message of environmental sustainability,
and we are looking forward to launching more projects that will lead to a healthier planet,”
Grenz concluded.

The Allianz Group achieved the top position among all rated insurance companies in the
Dow Jones Sustainability Index (DJSI) for the third time in a row since 2017. The DJSI is
one of the world’s most recognized sustainability ratings. In its assessment, it considers a
wide range of economic, environmental and social topics, such as human resources
programs, executive compensation, tax policies, shareholder rights, compliance and anti-
corruption programs, environmental management and performance, corporate social
engagement, customer satisfaction, among others.

Allianz PNB Life Insurance, Inc.
9th Floor Allied Bank Center
6754 Ayala Avenue cor. Legaspi Street
Makati City, Philippines
Phone: (632) 818-LIFE (5433)
Fax: (632) 818-2701
www.allianzpnblife.ph [Type text] [Type text] [Type text]

Comfort and Tech Features

Comfort and Tech Features

Apart from being environmentally friendly, the E-jeepneys also offer a more comfortable
way to travel. Each vehicle can seat 23 people and accommodate 8 to 10 people standing.
Each vehicle is equipped with a dash cam, GPS tracking system, and CCTV cameras to
ensure passengers’ safety.

It also comes with multiple fans and offers its passengers internet access. The vehicles
also come with USB ports, so there is no need to worry about phone batteries running low
for passengers onboard.

“We are also developing software that would allow passengers to download an app so that
they can monitor the vehicles,” Sarmiento said.

eSakay will soon be launching an electronic payment system as well. Currently,
passengers pay their fares in cash. The minimum fare is PhP9, the same as that of regular
jeepneys.

Apart from the Makati and Mandaluyong routes, there are plans to bring the E-jeepneys to
Pampanga next year.


About Allianz

The Allianz Group is one of the world's leading insurers and asset managers with more
than 92 million retail and corporate customers. Allianz customers benefit from a broad
range of personal and corporate insurance services, ranging from property, life and health
insurance to assistance services to credit insurance and global business
insurance. 

Allianz is one of the world’s largest investors, managing around 673 billion euros
on behalf of its insurance customers. Furthermore, our asset managers PIMCO
and Allianz Global Investors manage more than 1.4 trillion euros of third-party assets.

Thanks to our systematic integration of ecological and social criteria in our business
processes and investment decisions, we hold the leading position for insurers in the Dow
Jones Sustainability Index. In 2018, over 142,000 employees in more than 80 countries
achieved total revenues of 131 billion euros and an operating profit of 11.5 billion euros for
the group

These assessments are, as always, subject to the disclaimer provided below.
Cautionary note regarding forward-looking statements

The statements contained herein may include prospects, statements of future expectations
and other forward-looking statements that are based on management's current views and
assumptions and involve known and unknown risks and uncertainties. Actual results,
performance or events may differ materially from those expressed or implied in such
forward-looking statements.


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