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AllianzGI publishes its Sustainability and Stewardship Report 2023

25.04.2024 | Allianz Global Investors (AllianzGI), one of the world’s leading active investment managers, has released today its Sustainability and Stewardship Report 2023 that highlights the progress over the past year in how AllianzGI delivered sustainable outcomes for its clients and other stakeholders and lays out the company’s intentions for 2024.


Matt Christensen, Global Head of Sustainable and Impact Investing at AllianzGI, commented: "In 2023, questions arose around the purpose and value of sustainable investing, leading to a welcome reframing of concepts, such as ESG. In this context, we have continued to focus on providing our clients with pragmatic solutions to shape sustainability aiming for real-world change. In 2024, the world faces a number of sustainability-related challenges and some clear political divisions. Pragmatism will be the watchword. Regardless of the challenges to come, we will continue to offer concrete solutions and tools that support our clients’ sustainability ambitions, play our part in driving the transition agenda across our industry and continue to build a sustainable business.”

Key 2023 developments

The report highlights 2023 key developments: Firstly, AllianzGI further built out its sustainable investing offering. There are now more than 200 sustainable funds that are classified as Article 8 or 9 according to the European Union (EU) SFDR regulation , accounting for 61% of AllianzGI’s total mutual fund AuM. Secondly, capitalising on the successful Key Performance Indicator (KPI) approach targeting decarbonisation, AllianzGI introduced two new sustainable investment approaches in 2023: a) the ESG score approach that targets a higher weighted average ESG score in comparison to the benchmark and is applied to emerging market strategies; b) a KPI sustainable investment share approach that directly leverages AllianzGI’s proprietary methodology to identify sustainable investments, according to the SFDR. A third key achievement in 2023 was the successfully introduction of new and innovative fund solutions. Examples are the launch of the company’s first social-focused equity strategy and the closing of the SDG Loan Fund, a “blended finance” strategy established together with MacArthur Foundation and FMO IM that mobilised USD 1.1 billion in investor capital to advance the United Nations Sustainable Development Goals (SDGs) in emerging and frontier markets.

Intentions for 2024

AllianzGI’s Sustainability and Stewardship Report also looks ahead and outlines aspirations for 2024. In the current year, the political agenda risks delaying the financing and implementation of transition plans. This can result in a higher probability of a “delayed transition” scenario. AllianzGI is already providing advisory analysis on the potential impact on client portfolios in terms of the drag on returns under different climate scenarios reflecting increased systemic risk. Moreover, 2024 could be the year when biodiversity – a topic that typically attracts less attention than climate change as an environmental concern – gets the attention it deserves. The integration of biodiversity into the investment process will likely be accelerated, and AllianzGI expects this to stimulate further client interest and new product development.

Regarding its proxy-voting policy, the Sustainability and Stewardship Report 2023 sets out concrete plans for 2024. AllianzGI intends to strengthen its voting policies around pay, gender diversity and climate. The company will update the voting policy to hold directors accountable if a company does not have a credible net-zero strategy in place. From 2024, large-cap investee companies globally (and from 2025 smaller companies) are expected to include ESG KPIs in their renumeration policies.

To access the report: https://www.allianzgi.com/sustainability/sustainability-report-2023



About Allianz Global Investors:

Allianz Global Investors is a leading active asset manager with over 600 investment professionals in over 20 offices worldwide and managing EUR 533 billion in assets. We invest for the long term and seek to generate value for clients every step of the way. We do this by being active – in how we partner with clients and anticipate their changing needs, and build solutions based on capabilities across public and private markets. Our focus on protecting and enhancing our clients’ assets leads naturally to a commitment to sustainability to drive positive change. Our goal is to elevate the investment experience for clients, whatever their location or objectives.

Data as at 31 December 2023. Total assets under management are assets or securities portfolios, valued at current market value, for which Allianz Global Investors companies are responsible vis-á-vis clients for providing discretionary investment management decisions and portfolio management, either directly or via a sub-advisor (these include Allianz Global Investors assets which are now sub-advised by Voya IM since 25 July 2022). This excludes assets for which Allianz Global Investors companies are primarily responsible for administrative services only. Assets under management are managed on behalf of third parties as well as on behalf of the Allianz Group.

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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. 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, except for the case of explicit permission by Allianz Global Investors. 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.

    This document is being distributed by the following Allianz Global Investors companies: Allianz Global Investors GmbH, an investment company in Germany, authorized by the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin); Allianz Global Investors (Schweiz) AG; Allianz Global Investors UK Limited, authorized and regulated by the Financial Conduct Authority; in HK, by Allianz Global Investors Asia Pacific Ltd., licensed by the Hong Kong Securities and Futures Commission; in Singapore, by Allianz Global Investors Singapore Ltd., regulated by the Monetary Authority of Singapore [Company Registration No. 199907169Z]; in Japan, by 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, the Investment Trust Association, Japan and Type II Financial Instruments Firms Association; in Taiwan, by Allianz Global Investors Taiwan Ltd., licensed by Financial Supervisory Commission in Taiwan; and in Indonesia, by PT. Allianz Global Investors Asset Management Indonesia licensed by Indonesia Financial Services Authority (OJK).

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