Sustainability
We started our sustainable investing journey over 20 years ago and were among the first 50 asset managers to sign the United Nations Principles for Responsible Investment (UN PRI) in 2007. We believe that sustainable investing can generate positive financial outcomes not just for our clients, but for the community at large.
Given the diversity of investors’ objectives and requirements we provide sustainable investing processes with a broad range of approaches, adaptable to different levels of ESG incorporation and client preferences. These enhance our clients’ investment decisions while helping create benefits for society as a whole.
Data as of 31 December 2022; *includes EUR 117bn in ESG risk-focused strategies which are not considered sustainable according to the EU Sustainable Finance Disclosure Regulation
Active engagement at AllianzGI
At Allianz Global Investors, we take our responsibility as an active steward of our clients’ assets very seriously.
Active engagement at AllianzGI
Making use of the right to vote at shareholder meetings is a key element in AllianzGI’s approach to active stewardship
At AllianzGI, we take our fiduciary obligation to be an active shareholder very seriously. Just as active engagement is an important part of our active stewardship investment philosophy, we take our shareholder responsibilities seriously and fulfil them by exercising voting rights on behalf of our clients. Proxy voting enables us to vote during shareholder meetings on behalf of our investors. This allows us to have a say on important issues affecting companies we are invested in. Our voting decisions are informed by in-depth research and analysis and discussions with investee companies.
AllianzGI is committed to full transparency of our proxy voting activities. We publish our
- detailed Global Corporate Governance Guidelines and
- Stewardship Statement, and provide a
- real time disclosure of all votes cast, including commentary on votes against management and abstentions.
Engagement activities help us to understand and mitigate the real risks of our holdings
As an active asset manager, we believe in high-quality research and gaining a deep understanding of the businesses in which we invest.
A significant part of our research focuses on understanding risks associated with our investments, including those related to environmental, social and governance (ESG) factors. Our portfolio managers, fundamental analysts and ESG analysts hold thousands of meetings with listed issuers every year to inform our investment decisions.
The majority of our meetings with companies are aimed at enhancing our knowledge of their business, management, performance and value drivers. We also believe that as an active manager, we are ideally positioned to engage in dialogue with investee companies and proactively seek to present our viewpoint, request change where necessary, and monitor the results of our engagement.
Our engagements are focused on issues specific to each company and idiosyncratic risks identified in our research process. For this reason, we also strive to make each engagement meeting impactful and productive for all participants by combining the input of the respective equity and fixed income analysts and portfolio managers with the insights of our ESG teams in order to give the company perspectives from all critical parts of our investment platform, presenting a 360 degree view. Our investment views are influenced by the outcomes of these engagements and are linked to the proxy voting process, forming a consistent stewardship approach.
Our preference is to engage investee companies on a confidential basis, but we are prepared to engage in a more public way if a company does not respond constructively. For instance, we participate in collaborative engagement initiatives, which are aimed at mitigating investment risks, improving corporate practices and seeking greater disclosure of information at an industry or market level. All investment professionals at AllianzGI are committed to engaging with the boards and management of investee companies to help them improve performance and safeguard their long-term prospects.
Source: Allianz Global Investors. Any differences in totals are due to rounding. Impact comprises different strategies targeting climate transition, environmental projects and renewable energy. Environmental, social and governance (ESG); Sustainable & responsible investing (SRI); Dow Jones Sustainability Index (DJSI); Principles for responsible investing (PRI). Sustainability leadership and inclusion in the DJSI are based on the participation via questionnaires in the S&P Global Corporate Sustainability Assessment (CSA). The PRI assessment report is based on information reported directly by signatories. Moreover, the underlying information has not been audited by the PRI or any other party acting on its behalf.
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Investing involves risk. The value of an investment and the income from it will fluctuate and investors may not get back the principal invested. Past performance is not indicative of future performance. This is a marketing communication. It is for informational purposes only. This document does not constitute investment advice or a recommendation to buy, sell or hold any security and shall not be deemed an offer to sell or a solicitation of an offer to buy any security. The views and opinions expressed herein, which are subject to change without notice, are those of the issuer or its affiliated companies at the time of publication. Certain data used are derived from various sources believed to be reliable, but the accuracy or completeness of the data is not guaranteed and no liability is assumed for any direct or consequential losses arising from their use. The duplication, publication, extraction or transmission of the contents, irrespective of the form, is not permitted.
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