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
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