Our conviction

We believe impact-focused investing has reached an inflection point, offering substantial growth potential. Our approach to sustainability and impact is built upon three core themes that represent the greatest challenges of our time: climate change, planetary boundaries and social inclusion. Across these areas, our impact-focused investments span diverse solutions – from technology-enhanced education and energy efficiency innovations to sustainable food production.

Leveraging our expertise in private markets, we are committed to formalising the assessment and measurement of impact – an essential step towards advancing impact-focused investing across public asset classes as well.

Our expertise

With dedicated impact resources we are further broadening our investment horizons, spanning private markets impact-focused offerings including private credit, as well as blended finance which combines development funding with private capital and often in emerging markets. At the same time, we are actively exploring opportunities in public markets.

Our approach: Four pillars of our proprietary impact framework

Assessing and measuring the delivery of impact in a robust and credible way is essential. For our blended finance strategies we align with the impact methodologies of our development finance partners, while for our impact-focused strategies in developed markets, we apply a proprietary impact framework which covers four broad pillars. This approach guides our investments and contributes to wider industry thinking on impact investing.

Establish impact objectives which target key societal challenges in line with the UN Sustainable Development Goals.



Assess the significance and contribution of potential investments by applying our own impact scoring system.



Identify core impact key performance indicators to measure and report against with the aim of demonstrating impact delivery.



Test and learn continuously to inform future impact investments in both private and public markets.

Case studies: Real world change in action

Take a look at some of the work we have been doing across our three sustainability and impact themes:

green rolling hills with wind turbines

As one of the first asset managers to use a blended finance funding model, we have invested in the recapitalisation and scaling-up of a company operating wind, solar and hydro projects across an emerging market region.

Arable farming – Food security and the disruptive power of regenerative agriculture

We have invested in a producer of biologicals-based solutions for effective agricultural pest control. By reducing the risks of chemical pesticides, this company generates positive and social impacts through safeguarding biodiversity and human health, meeting the criteria of our private markets impact framework.

Businessman wearing helmet biking with bicycle on road in city to work, Generative AI

In seeking projects aligned to the UN Sustainable Development Goals, we have invested in a professional training provider designed to aid the successful reintegration of unemployed individuals into the labour market, addressing SDG 4: quality education and SDG 8: decent work and economic growth.

AllianzGI Annual Impact Research Award

Independent academic studies are integral to our impact investment process – that’s why we established an annual Impact Research Award. We seek to recognise and celebrate the role of academic research in the impact due diligence process, highlighting its importance to our understanding of impact outcomes.

Find out more about our 2024 winner and his study on the effects of screen use on education and health outcomes for children and adolescents.

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Our impact investing insights

As impact investing has accelerated, definitions and approaches very widely. Here we share our perspective on meaningful impact in private markets.

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byMatt Christensen,Diane Mak | 25/07/2023

As more capital is allocated to impact investing in private markets, measuring the delivery of impact in a robust and credible way is essential. Defined frameworks for doing so can be built into the investment process. This article outlines Allianz Global Investors’ principles and components for effective impact integration.

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byDiane Mak | 10/10/2022

Sustainability | ~ 5 min read

Independent academic studies are integral to our impact investment process.To recognise the role of research we have launched a new award. 

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byDiane Mak,Matt Christensen | 07/05/2025

Investors can help to address some of the global economy’s most pressing challenges through impact private credit, an emerging asset class focusing on a broader perspective of business value than profits to incorporate people and the planet.

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Five themes for 2024

For our final theme for 2024, we explore how impact investing will be critical to fighting climate change – through public and private market investments.

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byMatt Christensen | 07/03/2024

Transforming Infrastructure

The energy transition has the potential to significantly reduce Europe’s dependence on (fossil) energy imports.

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