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

Our approach to sustainable investing

As an active investor, research is core to our ability to generate returns. We have been able to demonstrate that ESG research can be an important indicator of future performance. We have an active programme of engagement and stewardship and ESG research is available to all investors across AllianzGI. 

AllianzGI provides ESG risk-focused and a range of Sustainable product categories that cater for our client’s sustainability objectives and preferences.

Sustainable product categories

Source: Allianz Global Investors, as of 29 December 2022. ESG: Environmental, Social and Governance. SRI: Sustainable and Responsible Investing. KPI: Key Performance Indicator. FI: Fixed Income. MA: Multi Asset. For illustrative purposes only. Exclusions apply to direct investments. Sustainable or impact investing private markets strategies apply the Allianz ESG Integration Framework exclusions. Allianz Global Investors supports the UN Sustainable Development Goals (SDGs). *According to EU SFDR regulation.

Our approach to sustainable investing

As an active investor, research is core to our ability to generate returns. We have been able to demonstrate that ESG research can be an important indicator of future performance. We have an active programme of engagement and stewardship and our proprietary ESG research is available to all investors across AllianzGI. We can say that all our investments are ESG-informed.
Sustainable Investing for AllianzGI includes three broad strategies: Integrated ESG, SRI and Impact Investing.

Within our ESG risk-focused category, we offer Integrated ESG* strategies which aim to incorporate material E, S, and G risk considerations into our investment process across asset classes, to seek a better risk/return profile.

Integrated ESG strategies apply our firm-wide exclusions but do not further restrict the investment universe, but portfolio managers are required to monitor financially material E, S, and G risks for each portfolio holding.

When the portfolio management team still sees a compelling opportunity to invest in a company, despite an acknowledged E, S, or G risk, they must document the company specific risk/return expectation in our collaborative system. Because our portfolio managers understand E, S and G risks we’re in a unique position to engage with those companies to address  the risks  through change. One of the strengths of Integrated ESG is that it builds an additional factor into existing investment processes: enhancing rather than changing the process. 


* Integrated ESG is not considered sustainable according to EU Sustainable Finance Disclosure Regulation

Our Sustainability-focused strategies aim to create sustainable portfolios reflecting our clients’ values through minimum exclusions and second layer of sustainable investment approach. This second layer can consist of the Climate Engagement with Outcome or SRI best-in-class considerations.

  • For our strategies that apply the CEWO approach, we combine minimum exclusions and aim to engage with companies on the climate transition pathway towards a CO2 net zero future. If the issuer does not respond to requests or does not show an improvement effort over time in their climate pathway, divestment will be considered in the escalation process.
  • SRI best-in-class strategies focus on portfolio construction geared towards a superior ESG quality through minimum exclusions and positive screening. Both, financially material and non-material ESG factors are part of the analysis.

Our Impact-focused strategies aim to enable our clients to maximise their exposure to positive environmental and social outcomes by offering a suite of impact-focused approaches across public and private asset classes.

  • Our SDG-aligned strategies invest in companies providing solutions that contribute to positive environmental and societal change in alignment with the UN’s Sustainable Development Goals.
  • Our Impact investment strategies are defined by three core beliefs: 
    • Intention: The intention of a strategy and its investments is to generate incremental positive social and/or environmental value while delivering financial returns.
    • Association: There is a clear association between each investment and the positive output delivered.
    • Measurement & report: The impact will be measured on a best efforts basis and reported in order to validate each specific strategy.


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.


  • 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.

    This material has not been reviewed by any regulatory authorities. In mainland China, it is for Qualified Domestic Institutional Investors scheme pursuant to applicable rules and regulations and is for information purpose only. This document does not constitute a public offer by virtue of Act Number 26.831 of the Argentine Republic and General Resolution No. 622/2013 of the NSC. This communication's sole purpose is to inform and does not under any circumstance constitute promotion or publicity of Allianz Global Investors products and/or services in Colombia or to Colombian residents pursuant to part 4 of Decree 2555 of 2010. This communication does not in any way aim to directly or indirectly initiate the purchase of a product or the provision of a service offered by Allianz Global Investors. Via reception of his document, each resident in Colombia acknowledges and accepts to have contacted Allianz Global Investors via their own initiative and that the communication under no circumstances does not arise from any promotional or marketing activities carried out by Allianz Global Investors. Colombian residents accept that accessing any type of social network page of Allianz Global Investors is done under their own responsibility and initiative and are aware that they may access specific information on the products and services of Allianz Global Investors. This communication is strictly private and confidential and may not be reproduced. This communication does not constitute a public offer of securities in Colombia pursuant to the public offer regulation set forth in Decree 2555 of 2010. This communication and the information provided herein should not be considered a solicitation or an offer by Allianz Global Investors or its affiliates to provide any financial products in Brazil, Panama, Peru, and Uruguay. In Australia, this material is presented by Allianz Global Investors Asia Pacific Limited (“AllianzGI AP”) and is intended for the use of investment consultants and other institutional/professional investors only, and is not directed to the public or individual retail investors. AllianzGI AP is not licensed to provide financial services to retail clients in Australia. AllianzGI AP is exempt from the requirement to hold an Australian Foreign Financial Service License under the Corporations Act 2001 (Cth) pursuant to ASIC Class Order (CO 03/1103) with respect to the provision of financial services to wholesale clients only. AllianzGI AP is licensed and regulated by Hong Kong Securities and Futures Commission under Hong Kong laws, which differ from Australian laws.

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