Our commitment to sustainability hasn’t changed, but we have changed the way we think about it as the possibilities expand. Given the diversity of investors’ objectives and requirements, our sustainable investing products are built on a broad range of approaches, adaptable to different levels of ESG incorporation and client preferences. Our capabilities seek to enhance our clients’ investment decisions while helping create benefits for wider society. All part of our commitment to being a sustainability shaper.
years of sustainable investing
in ESG risk-focused*, sustainability-focused and impact-focused product categories
rating for Investment & Stewardship Policy by PRI in 2021**
dedicated global sustainability professionals in our Sustainability and Impact Investing team
single proposals† at shareholder meetings
engagements with companies, covering 996 topics†
sources of sustainability analytics integrated by our sustainability insights engine (SusIE)
*AUM at 30 June 2023. Includes EUR 118 billion in ESG risk-focused strategies that are not considered sustainable according to the EU Sustainable Finance Disclosure Regulation.
**Maximum possible rating is 5 stars † 2022 data
Find out how our capabilities evolved to support the breadth of investor needs.
Launched our first sustainable investing strategy, Global Sustainability – a sustainable and responsible investing (SRI) equity strategy
Among the first three asset managers to offer a green bond strategy
First mover with blended finance vehicles in emerging markets, coinvesting alongside International Finance Corporation debt financing
Joined Net Zero Asset Managers initiative and One Planet Asset Managers initiative
Go-live of our proprietary sustainability insights engine (SusIE) as a central ESG data portal supporting investment decisions
New sustainable fund classification roll-out combined with the introduction of key performance indicator metrics to increase our focus on sustainable outcomes.
Three sustainability themes
We identified three themes that we believe are critical to society, our investors and Allianz Global Investors as a business.
Our research and engagement activity is built around the most material risks and opportunities of these three themes – for our business, the businesses in which we invest, and our wider stakeholders.
Climate change is one of our planet’s most pressing challenges, with potential consequences across all three environmental, social and governance (ESG) elements.
It is important to define the environmental limits within which humanity can safely operate (including the impact on biodiversity) and avoid any unintended consequences of the fight against climate change.
We think inclusion will become the next big wave after climate change and requires innovative thinking and solutions that meet the demands of younger generations.
Our clients’ sustainability objectives vary – that’s why we offer investment solutions with differing levels of sustainability incorporation, according to clients’ ultimate ambitions. Our Sustainability-focused and Impact-focused products require, as a minimum, application of our Sustainable Minimum Exclusion policy and one of our qualifying approaches.
Financial returns and active risk management
Classified as Article 6* only
Financial returns and material E, S and G risk considerations
Classified as Article 6* only
Financial returns and sustainability objectives and values
Multi asset sustainability blend
ESG score approach
Classified as Article 8*
Financial returns and measurable sustainable outcomes
ESG risk assessment: identification and consideration of sustainability risks and adverse impacts
Active stewardship: company engagement and proxy voting
Source: Allianz Global Investors, 30 June 2023. 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 ESG: Environmental, Social and Governance. SRI: Sustainable and Responsible Investing. KPI: Key Performance Indicator.
Our goal is to shape pathways towards real-world transition, and our responsibilities as the active steward of our clients’ assets is key to this ambition.
with 355 companies to seek positive change covering 996 topics
shareholder meetings where we participated
of shareholder meetings where we voted against, withheld or abstained from at least one agenda item
We use two primary levers to motivate sustainable outcomes at investee companies:
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 in which we invest. Our voting decisions are informed by in-depth research and analysis and discussions with investee companies.
We have started making pre-AGM voting announcements on high-priority topics to ensure our intentions are transparent and to aim to persuade other investors to adopt a similar approach.
As part of our commitment to full transparency of our proxy voting activities, we publish the following:
Our engagement activities with investee companies help us to understand – and mitigate – the real risks of our holdings. In recent years, we have increased the number of our engagement activities in line with our priority themes – climate change, planetary boundaries and inclusive capitalism.
The number of engagement topics is also up – from corporate governance and business strategy topics to environmental and social impacts.
Engagement across asset classes
While the bedrock of our engagement activities comes from our heritage as an active equity manager, we are expanding our engagement activity across fixed income and labelled debt and facilitating dedicated dialogues for our corporate credit strategies. We have also stepped up engagement activities dedicated to our investments in Asia.
Sometimes the most effective way to increase our impact and achieve engagement objectives for our clients is to engage collaboratively with other investors – particularly in cases where we have major concerns but only a limited investment in a company.
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