Shaping sustainability,
delivering change
Welcome to the Allianz Global Investors Sustainability and Stewardship Report 2023.
Against the backdrop of a changing world, our vision is to make sustainability tangible and target real-world solutions for clients and other stakeholders.
To succeed as an active sustainable investor and as a responsible business, we believe in embedding sustainability throughout our business. Read about our progress in the past year.
Sustainability and Stewardship Report downloads:
Our 2023 sustainability highlights at a glance
EUR 199bn
combined AUM in sustainability and impact-focused strategies and EUR 89 bn ESG risk-assessed*.
202 sustainable funds
equivalent to 61% of mutual fund AUM.
100% achievement of all environmental key performance indicators
achieved in our own operations**.
Stewardship dialogues with 374 companies
in 32 locations.
45+ sustainability professionals
across Europe and Asia.
All data as at 31 December 2023
* ESG risk-assessed is not considered sustainable according to the EU Sustainable Finance Disclosure Regulation. “Sustainability-focused” and “Impact-focused” are Allianz GIobal Investors product categories. Reference to a fund being within them does not indicate that fund has a “Sustainability Focus” or “Sustainability Impact” label under the United Kingdom’s Sustainability Disclosure Requirements (SDR).
** Based on 2025 targets
We have continued to focus on providing our clients with pragmatic solutions for real-world change.
Three key dimensions are core to this:
Generating strong investment returns while meeting sustainable objectives.
Sustainable product growth and best-in-class business conduct.
Fostering a fulfilling work environment.
Looking ahead, we expect the following macro trends to shape the sustainability outlook for 2024:
- The changing political agenda could lead to delays in the financing and implementation of climate transition plans.
- Biodiversity is set to take centre stage, with new frameworks and regulations accelerating the integration of this issue into investment processes.
- Developments in regulation and in the concept of transition will likely see a greater focus on transition finance for the EU and UK.
2023 milestones:
- Active management of greenhouse gas emissions (GHG) as a key performance indicator across 40 funds, while also seeking attractive returns.
- Enhanced our ESG reporting – with carbon statistics and regulatory driven parameters.
- Implemented our impact framework – across a range of private market assets.
- New engagement module in our Sustainability Insights Engine (SusIE) providing increased data accessible to all investment professionals.
- Published our first biodiversity policy statement.
- Expanded our internal collaboration across thematic, sector and issuer research, stewardship analysts, and sustainability methodologies and analytics specialists.
- Achieved industry recognition for our private markets activities and thought leadership.
2023 milestones:
- 481 active engagements with 374 companies, vs 438 engagements with 355 companies in 2022.
- Engaged with companies in 32 locations, up from 28 in 2022.
- Voted at 9,137 shareholder meetings on over 100,000 shareholder resolutions.
- Broader and deeper engagements around priority topics: climate, biodiversity and human rights.
- Holding directors accountable and selectively pre-announcing our votes were key priorities in our voting strategy.
2023 milestones:
- Achieved a 57% reduction in GHG (tCO2e) per employee as part of our achievement of all environmental key performance indicators, measured against our 2025 targets.
- Employee engagement at its highest level for eight years, as measured in our firmwide survey.
- In attraction and retaining diversity of talent, our workforce now represents79 nationalities, up from 66 in 2022.
- Doubled employee volunteering hours to over 1,600 compared to 2022.
- Rolled out our global corporate citizenship programme to empower employees to support both local communities and global causes.
All data as at 31 December 2023
Download centre
-
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 this 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).
Admaster 3475144