We started our sustainable investing journey 20 years ago and were early to sign the United Nations Principles for Responsible Investment (UN PRI) in 2007. We believe that sustainable investing can generate positive performance not just for our clients, but for the community at large.

We aim to integrate environmental, social and governance (ESG) factors throughout our entire investment value chain to better manage risk and generate sustainable, long-term returns. 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.



Sustainable investing is in our DNA





Data as at 31 December 2019, AuM as at 30 June 2020


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

At Allianz Global Investors, we take our responsibility as an active steward of our clients’ assets very seriously.

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.  

Proxy voting by the numbers

Voting in 9,532* shareholder meetings
(2018: 8,535):

Voting in 9,532* shareholder meetings

Voting on 97,928 proposals
(2018: 88,962):

Voting on 97,928 proposals

* Equals 94.4% of all votable meetings
Source: Allianz Global Investors, 2020. For illustrative purposes only.

  • Executive compensation: we vote against increasing executive pay if we find a poor link between remuneration and performance, lack of transparency regarding key performance indicators (KPIs) and targets, or have concerns over potentially excessive executive pay. When reviewing executive compensation packages, we look for an emphasis on long-term performance across a reasonable range of key value drivers for the business.
  • Board independence and overboarding: we aim to promote independent boards and, when voting, our goal is to support boards that have a good balance of independence. We also strive to encourage diversity of background, experience and skills that are relevant to the business.
  • Auditor-related votes: as a guide for audit contracts, our expectation is that investee companies will regularly evaluate and renegotiate audit contracts and change auditors after a maximum of 20 years of service.
  • Capital-related reauthorisation: we cast a large number of votes on capital authorisations. In only exceptional circumstances and when justified by the company will AllianzGI support an increase in capital with pre-emption rights of greater than 33% (in Germany 30%), and an increase in capital without pre-emption rights of greater than 10%. 
  • Environmental and social matters: shareholder proposals relating to environmental and social matters are particularly important to AllianzGI because we see them as a key part of our stewardship programme, aimed at reducing environmental and social risks in our portfolios. 


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.

Number of companies engaged, by topic
AllianzGI engaged with 333 companies on 711 issues of which 68% were ESG-related.

Number of companies engaged by topic

Source: Allianz Global Investors, 2020. For illustrative purposes only.

Engagement per geography
AllianzGI engaged 333 companies across 28 markets globally (2018: 247/21)

AllianzGI companies

The category “Europe, other” contains Spain, Ireland, Russia, Sweden, Belgium, Denmark, Finland and Austria; “Asia, other” contains: Hong Kong, Singapore, Taiwan and India. “Rest of world (RoW)” contains: Australia, South Africa, Mexico, Brazil, Barbados

AUM data as at 30 June 2020. 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 research of and an evaluation of questionnaires submitted to RobecoSAM. 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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    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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