AllianzGI partners with The SeaCleaners to combat plastic pollution in the world’s oceans
Allianz Global Investors, one of the world’s leading active investment managers, announced today that it has entered into a five-year partnership with The SeaCleaners, a new project designed to combat plastic pollution in the world’s oceans.
The SeaCleaners’ focus on ocean preservation and pollution education a natural fit with AllianzGI’s commitment to Sustainability
Five-year partnership will offer engagement opportunities for AllianzGI’s clients and colleagues, and support the launch of ‘The Manta’, a revolutionary new ship, combining several renewable technologies to reduce its carbon footprint, capable of collecting 10,000 tonnes of plastic macro-waste a year
AllianzGI’s support for The SeaCleaners is a natural fit with the firm’s commitment to Sustainable investing, with the partnership also set to open up new engagement opportunities for AllianzGI’s colleagues and clients, many of whom are already actively working to combat plastic waste.
Partnering with AllianzGI will support the development of ‘The Manta’, The SeaCleaners’ giant new waste collection ship. Measuring in at 70 metres long, 49 metres wide and 61 metres high, The Manta is expected to take to the seas in 2022. It will use state-of-the-art technology to collect plastic macro-debris in high density areas like coastlines and estuaries before they break up and disperse and irreversibly damage bio-diversity. As well as mass collecting discarded plastic, the ship, powered by wind turbines, solar panels and automized rigs, will conduct cutting-edge scientific research, with The SeaCleaners providing open source data. One energy recovery unit will also convert non-recyclable plastics to run the ship and the on-board factory.
On land, The SeaCleaners work to raise awareness among future generations of the harm caused by plastic pollution through a wide range of activities in schools and fairs. As part of this new partnership, AllianzGI colleagues will have the chance to participate in events with The SeaCleaners’ team focused on reducing plastic pollution and leaders from The SeaCleaners will attend and support AllianzGI’s range of Sustainability events.
Thorsten Heymann, Global Head of Strategy at AllianzGI, said:
"A shocking 9 million tonnes of plastic are dumped in the ocean every year – that’s about 300kg per second. As an active, long-term investor, with sustainable investing in our DNA, we want to play an active role in combatting the scourge of plastic pollution, a common cause we share with The SeaCleaners. Together, we can help protect the oceans for future generations.
This partnership is something we are passionate about for two reasons: firstly, it resonates with a critical part of our value proposition for clients, reflecting our desire to take a truly holistic approach to investing sustainably: and secondly, the joint journey will provide new ways for our colleagues and clients to engage with a topic that we know they care about a great deal."
Yvan Bourgnon, President-Founder of The SeaCleaners, said:
“Ocean plastic pollution is an ecological catastrophe and we are delighted to make this partnership with AllianzGI, because their values and sustainability scope are very closely aligned with ours. Innovation, international and long-term action, sustainable development, biodiversity protection, education: let’s put people back at the heart of important ecological challenges. We are proud to work on this exciting mission and to build together a story about saving the oceans with a partner like AllianzGI.”
As part of a drive to reduce plastic use across its global business, AllianzGI is running internal campaigns to reduce its use of single-use plastics including introducing ‘Plastic Free Tuesdays’ in its London office, while colleagues have also taken part in beach clean-up exercises at Baker Beach in San Francisco, Lamma Island in Hong Kong and Taiwan’s ‘Coastal Cleanup’. AllianzGI’s Hong Kong office was recently awarded the “Hong Kong Green Organisation Certification” in recognition of its active participation in adopting various environmental practices, including reducing its use of plastics, and promoting a green workplace.
AllianzGI is a pioneer in Sustainable investing. For the last two years, AllianzGI has received an A+ for its overarching approach to ESG Strategy and Governance from the Principles for Responsible Investment (PRI). AllianzGI recently appointed Beatrix Anton-Groenemeyer as its first Chief Sustainability Officer. This new role, which reports directly to CEO Andreas Utermann, further underscores the importance of sustainability to AllianzGI and its clients.
All of AllianzGI’s EUR 535bn of Assets under Management are ESG (Environmental, Social & Governance) informed, with AllianzGI’s highly-developed, active programme of engagement, stewardship and proprietary research available to all investment professionals across AllianzGI. AllianzGI is committed to, and in the process of, embedding ES&G factors across all of its investment strategies, with Integrated ESG already applicable to EUR 118bn of the assets AllianzGI manages. In addition, as well as managing EUR 22bn in dedicated SRI strategies, AllianzGI manages around EUR 6bn of impact investments.
For further information please contact:
Alastair Fairbrother, Tel. 44 020 3246 7432
Sarah Einig, Tel. 44 020 3246 7846
Vivi McDuell, Tel. 44 020 3246 7251
About Allianz Global Investors
Allianz Global Investors is a leading active asset manager with over 770 investment professionals in 25 offices worldwide and managing more than EUR 535 billion in assets for individuals, families and institutions*.
Active is the most important word in our vocabulary. Active is how we create and share value with clients. We believe in solving, not selling, and in adding value beyond pure economic gain. We invest for the long term, employing our innovative investment expertise and global resources. Our goal is to ensure a superior experience for our clients, wherever they are based and whatever their investment needs.
Active is: Allianz Global Investors
About The SeaCleaners
Created in 2016 by the skipper Yvan Bourgnon, The SeaCleaners is a general interest association looking after the preservation of the oceans. The SeaCleaners teams are dedicated to the reduction of plastic pollution, and they have a preventive and corrective vision, acting both on land and at sea. To succeed in this challenge, they have launched an innovative project : The Manta ship will be the first ocean going vessel capable of collecting and mass-treating floating ocean waste before it breaks up. Observer Member of the UN Environment, and supported by the Albert Foundation of Monaco, the association The SeaCleaners has set objectives that revolve around four areas : Environment, Circular economy, Education and Science.
*Data as at 31 March 2019
Environmental, Social and Governance (ESG) strategies consider factors beyond traditional financial information to select securities or eliminate exposure which could result in relative investment performance deviating from other strategies or broad market benchmarks.
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 used only as supporting material to the offshore investment products offered by commercial banks under the Qualified Domestic Institutional Investors scheme pursuant to applicable rules and regulations. 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 Panama, Peru, and Uruguay.
This document is being distributed by the following Allianz Global Investors companies: Allianz Global Investors U.S. LLC, an investment adviser registered with the U.S. Securities and Exchange Commission; Allianz Global Investors Distributors LLC, distributor registered with FINRA, is affiliated with Allianz Global Investors U.S. LLC; Allianz Global Investors GmbH, an investment company in Germany, authorized by the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin); Allianz Global Investors (Schweiz) AG, licensed by FINMA (www.finma.ch) for distribution and by OAKBV (Oberaufsichtskommission berufliche Vorsorge) for asset management related to occupational pensions in Switzerland; Allianz Global Investors Asia Pacific Ltd., licensed by the Hong Kong Securities and Futures Commission; Allianz Global Investors Singapore Ltd., regulated by the Monetary Authority of Singapore [Company Registration No. 199907169Z]; Allianz Global Investors Japan Co., Ltd., registered in Japan as a Financial Instruments Business Operator [Registered No. The Director of Kanto Local Finance Bureau (Financial Instruments Business Operator), No. 424, Member of Japan Investment Advisers Association and Investment Trust Association, Japan];and Allianz Global Investors Taiwan Ltd., licensed by Financial Supervisory Commission in Taiwan.
Avoid ESG tail risks to help generate alpha, new research shows
New research by Allianz Global Investors, one of the world’s leading active investment managers has found that avoiding environmental, social and governance (ESG) tail risks is a more effective strategy to help generate alpha over a full market cycle, than tilting a portfolio towards top ESG ratings.
New AllianzGI study shows that avoiding ESG tail risks is more important than the average ESG quality for the risk/return profile of a portfolio