Allianz-Global-Investors-Sustainability-Report-2023

Allianz Global Investors

Sustainability and Stewardship Report 2023

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:

Snapshot: three-page summary

Full report

Our 2023 sustainability highlights at a glance

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

Our progress in 2023

We have continued to focus on providing our clients with pragmatic solutions for real-world change.

Three key dimensions are core to this:

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Generating strong investment returns while meeting sustainable objectives.

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Sustainable product growth and best-in-class business conduct.

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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

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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.

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