Sustainable Investing | Allianz Global Investors

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u-margin-top-xl u-margin-bottom-2m agi-rte"> <h1 class="u-text-center u-margin-bottom-2m" style="font-size: 45px;"> Sustainable investing – always looking ahead </h1> <p class="body-one u-text-center"> 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. </p> </div> </div> <div class="l-container " data-component="general-content" > </div> <div class="component agi-general-content-rte " data-component="general-content" > <div class="l-container u-margin-top-xl u-margin-bottom-2m agi-rte"> <div class="l-grid__row align-items-stretch justify-content-center"> <div class="l-grid__column-medium-4 l-grid__column-large-3 u-margin-bottom-2m navigation-tile u-flex align-items-stretch impression-list"> <div class="c-agi-tile c-agi-tile__full-height" style="background-color:#dff2f8"> <div class="c-agi-tile__wrapper"> <h4 class="c-heading c-agi-tile__headline c-heading--link-black" style="text-align: center;"> <img alt="" style="height: auto; max-width: 100px; width: 100%;" src="/-/media/allianzgi/shared/sustainability/sustainable-investing/sustainable-investing-7box-icon-01.svg?h=auto&w=100%25&rev=d76f538dd6db48d8a13600cd9d46b93d&hash=C9765823F1345BB70D10AF48E97A391E" /> </h4> <div class="c-copy c-agi-tile__text" style="text-align: center; color:#000000;"> <h2 style="color:#187bb8;"> <strong>20+</strong> </h2> <p>years of sustainable investing</p> <br /><br /> </div> </div> </div> </div> <div class="l-grid__column-medium-4 l-grid__column-large-3 u-margin-bottom-2m navigation-tile u-flex align-items-stretch impression-list"> <div class="c-agi-tile c-agi-tile__full-height" style="background-color:#dff2f8"> <div class="c-agi-tile__wrapper"> <h4 class="c-heading c-agi-tile__headline c-heading--link-black" style="text-align: center;"> <img alt="" style="height: auto; max-width: 100px; width: 100%;" src="/-/media/allianzgi/shared/sustainability/sustainable-investing/sustainable-investing-7box-icon-02.svg?h=auto&w=100%25&rev=4972a5d1428e49ffa722fe3d4e5d2c58&hash=BA4BD1FA31DCE09E11CD072B54481AC1" /> </h4> <div class="c-copy c-agi-tile__text" style="text-align: center; color:#187bb8;"> EUR <h2 style="color:#187bb8;"> <strong>294 billion</strong> </h2> <p style="color:#000000;"> in ESG risk-focused, sustainability-focused and impact-focused product categories* </p> </div> </div> </div> </div> <div class="l-grid__column-medium-4 l-grid__column-large-3 u-margin-bottom-2m navigation-tile u-flex align-items-stretch impression-list"> <div class="c-agi-tile c-agi-tile__full-height" style="background-color:#dff2f8"> <div class="c-agi-tile__wrapper"> <h4 class="c-heading c-agi-tile__headline c-heading--link-black" style="text-align: center;"> <img alt="" style="height: auto; max-width: 100px; width: 100%;" src="/-/media/allianzgi/shared/sustainability/sustainable-investing/sustainable-investing-7box-icon-03.svg?h=auto&w=100%25&rev=ab519f505dcf49869c432814faf46448&hash=6CB189F5A8C77FCFCC73ACF5F88A6955" /> </h4> <div class="c-copy c-agi-tile__text" style="text-align: center; color:#187bb8;"> Awarded <h2 style="color:#187bb8;"> <strong>PRI 4-star</strong> </h2> <p style="color:#000000;"> grade for Policy, Governance & Strategy**<br><br> </p> <br /> </div> </div> </div> </div> </div> <div class="l-grid__row align-items-stretch justify-content-center"> <div class="l-grid__column-medium-4 l-grid__column-large-3 u-margin-bottom-2m navigation-tile u-flex align-items-stretch impression-list"> <div class="c-agi-tile c-agi-tile__full-height" style="background-color:#dff2f8"> <div class="c-agi-tile__wrapper"> <h4 class="c-heading c-agi-tile__headline c-heading--link-black" style="text-align: center;"> <img alt="" style="height: auto; max-width: 100px; width: 100%;" src="/-/media/allianzgi/shared/sustainability/sustainable-investing/sustainable-investing-7box-icon-04.svg?h=auto&w=100%25&rev=675a6c4652f843528f177cfb040ca724&hash=56DDCEFD557D6D5F16BA09ACB86E1234" /> </h4> <div class="c-copy c-agi-tile__text" style="text-align: center;"> <h2 style="color:#187bb8;"> <strong>45+</strong> </h2> <p style="color:#000000;"> dedicated global sustainability-focused professionals<sup>†</sup><br><br> </p> </div> </div> </div> </div> <div class="l-grid__column-medium-4 l-grid__column-large-3 u-margin-bottom-2m navigation-tile u-flex align-items-stretch impression-list"> <div class="c-agi-tile c-agi-tile__full-height" style="background-color:#dff2f8;"> <div class="c-agi-tile__wrapper"> <h4 class="c-heading c-agi-tile__headline c-heading--link-black" style="text-align: center;"> <img alt="" style="height: auto; max-width: 100px; width: 100%;" src="/-/media/allianzgi/shared/sustainability/sustainable-investing/sustainable-investing-7box-icon-05.svg?h=auto&w=100%25&rev=7b34413aa8dd46d6849c80101f0ad0b7&hash=458D9DD3236F05B5F399ED921AF7B8C7" /> </h4> <div class="c-copy c-agi-tile__text" style="text-align: center; color:#187bb8;"> Voted on <h2 style="color:#187bb8;"> <strong>95,500+</strong> </h2> <p style="color:#000000;"> single proposals<sup>†</sup> at shareholder meetings </p> <br /><br /> </div> </div> </div> </div> <div class="l-grid__column-medium-4 l-grid__column-large-3 u-margin-bottom-2m navigation-tile u-flex align-items-stretch impression-list"> <div class="c-agi-tile c-agi-tile__full-height" style="background-color:#dff2f8"> <div class="c-agi-tile__wrapper"> <h4 class="c-heading c-agi-tile__headline c-heading--link-black" style="text-align: center;"> <img alt="" style="height: auto; max-width: 100px; width: 100%;" src="/-/media/allianzgi/shared/sustainability/sustainable-investing/sustainable-investing-7box-icon-06.svg?h=auto&w=100%25&rev=bf0851a76d35441d947c1c1f83d3307f&hash=F1938F30DFC137E1E51E82DEBD364772" /> </h4> <div class="c-copy c-agi-tile__text" style="text-align: center; color:#000000;"> <h2 style="color:#187bb8;"> <strong>481</strong> </h2> <p>engagements with companies, covering over 1,000 topics<sup>†</sup></p> <br /> </div> </div> </div> </div> </div> <p class="note-one"> *AUM as at 30 June 2024. ESG risk-focused is not considered sustainable according to the EU Sustainable Finance Disclosure Regulations. Note that “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).<br /> **Maximum possible rating is 5 stars<br /> <sup>†</sup> As at 30 June 2024 </p> </div> </div> <div class="l-container " data-component="general-content" > </div> <div class="component agi-general-content-rte " data-component="general-content" > <div class="l-container u-margin-top-xl u-margin-bottom-2m agi-rte"> <style> .full-width-section { background-color: #dff2f8; width: 100vw; position: relative; margin-left: -50vw; height: 300px; left: 50%; text-align: center; item-align: center; margin-bottom: -340px; margin-top: -10px; } .c-agi-tile.t-bg-vibrant-royal-lightest { background-color: #dedede; } a.c-link.c-link--icon.js-toggle-tooltip__link { display: none; } a.c-link.c-actions__link.c-link--icon.print-link { display: none; } @media only screen and (max-width: 768px) { .full-width-section { margin-bottom: -240px; } } </style> <div class="full-width-section"> </div> </div> </div> <div class="l-container u-margin-bottom-l u-margin-top-l" data-component="people-quotes-carousel"> <div class="l-grid"> <div class="l-grid__row"> <div class="l-grid__column-12"> <div class="c-carousel js-carousel" aria-roledescription="carousel" aria-label="" data-slide-aria-label='{"slideCountMessage":"Slide #slideNumber#", "prevSlideMessage": "Previous slide", "nextSlideMessage":"Next slide", "paginationBulletMessage": "Go to slide #slideNumber#"}'> <div class="c-carousel__wrapper"> <div class="c-carousel__slides"> <div class="c-carousel__slide" role="group" aria-roledescription="slide"> <aside class="c-peoples-quote"> <div class="c-peoples-quote__image-wrapper"> <img alt="Matt Christensen" class="c-peoples-quote__image" src="/-/media/allianzgi/shared/management-profiles/matt-christensen/368x368-matt-christensen.jpg?rev=d70c123ffd0a4a35a53bd202575996ea&hash=3F90311640C7C71A489E90CA0DF50B4F" aria-hidden="true" /> </div> <div class="c-peoples-quote__content-wrapper"> <div class="u-flex u-margin-top-s align-items-start"> <blockquote> “We think the long-term trend of the decade will be the journey from an ESG risk-focus towards sustainability – where purposeful solutions support outcomes such as net zero – and, ultimately, to generating meaningful impact. This is our direction of travel as a sustainability shaper.“ </blockquote> </div> <p class="c-copy u-margin-top-s u-margin-bottom-none"> Matt Christensen <span>, Global Head of Sustainable and Impact Investing</span> <br /> </p> </div> </aside> </div> </div> </div> </div> </div> </div> </div> </div> <section class='component agi-tab-list' data-component="profile-gallary-view"> <div class="l-grid"> <div class="l-grid__row u-margin-top-xl u-margin-bottom-s"> <div class="l-grid__column-12" tabindex="0"> <h2 class="c-heading u-text-center u-margin-bottom-xs u-text-weight-light"> <h2 style="margin-top: 84px;text-align:center;">Find out how our capabilities evolved to support the breadth of investor needs.</h2> </h2> </div> </div> </div> <div class="c-tabs js-better-tabs " data-tab-navigation="circular" > <ul class="c-tabs__nav" role="tablist"> <div class="c-tabs__nav__item active" data-position="first" data-prev-label="Active stewardship" data-next-label="Three sustainability themes" role="tab" tabindex="0" data-track-info='{"event":"navHorizontalTabs","linkLabel":"Our journey"}'> <label id="e0c309f6-2b0f-4b64-ac8f-0a2de643c944_0" data-content-id="tab-content-e0c309f6-2b0f-4b64-ac8f-0a2de643c944_0" aria-controls="tab-content-e0c309f6-2b0f-4b64-ac8f-0a2de643c944_0" aria-selected="true" tabindex="-1" class="c-tabs__label" style="border-bottom-color: #007396; color: #007396;"> <div class="c-tabs__label__container" role="tabcontainer"> <p>Our journey</p> </div> <span aria-hidden="true" class="c-tabs__icon c-icon c-icon--chevron-down"></span> <span aria-hidden="true" class="c-tabs__icon c-icon c-icon--chevron-up"></span> </label> </div> <div class="c-tabs__nav__item " data-prev-label="Our journey" data-next-label="Product categories" role="tab" tabindex="0" data-track-info='{"event":"navHorizontalTabs","linkLabel":"Three sustainability themes"}'> <label id="e0c309f6-2b0f-4b64-ac8f-0a2de643c944_1" data-content-id="tab-content-e0c309f6-2b0f-4b64-ac8f-0a2de643c944_1" 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class="c-tabs__label__container" role="tabcontainer"> <p>Product categories</p> </div> <span aria-hidden="true" class="c-tabs__icon c-icon c-icon--chevron-down"></span> <span aria-hidden="true" class="c-tabs__icon c-icon c-icon--chevron-up"></span> </label> </div> <div class="c-tabs__nav__item " data-position="last" data-prev-label="Product categories" data-next-label="Our journey" role="tab" tabindex="0" data-track-info='{"event":"navHorizontalTabs","linkLabel":"Active stewardship"}'> <label id="e0c309f6-2b0f-4b64-ac8f-0a2de643c944_3" data-content-id="tab-content-e0c309f6-2b0f-4b64-ac8f-0a2de643c944_3" aria-controls="tab-content-e0c309f6-2b0f-4b64-ac8f-0a2de643c944_3" aria-selected="false" tabindex="-1" class="c-tabs__label" style="border-bottom-color: #007396; color: #007396;"> <div class="c-tabs__label__container" role="tabcontainer"> <p>Active stewardship</p> </div> <span aria-hidden="true" class="c-tabs__icon c-icon c-icon--chevron-down"></span> <span aria-hidden="true" class="c-tabs__icon c-icon c-icon--chevron-up"></span> </label> </div> </ul> <div class="c-tabs__content u-hidden"> <div id="tab-content-e0c309f6-2b0f-4b64-ac8f-0a2de643c944_0" class="c-tabs__content__item l-grid__column-12 active" style="background-color:#FFFFFF;" aria-labelledby="tab-nav-e0c309f6-2b0f-4b64-ac8f-0a2de643c944_0" role="tabpanel"> <div class="l-container " data-component="general-content" > </div> <div class="component agi-general-content-rte " data-component="general-content" > <div class="l-container u-margin-top-xl u-margin-bottom-2m agi-rte"> <h1 style="text-align:center;">Our journey</h1> </div> </div> <div class="pl-container l-container--full-width c-timeline__bg"> <div class="l-grid l-grid--max-width js-timeline"> <div class="l-grid__row"> <div class="l-grid__column-12 u-margin-top-3m"> <h2 class="c-heading u-text-align-center" tabindex="0"> </h2> </div> </div> <div class="l-grid__row"> <div class="l-grid__column-12"> <div class="c-timeline__stepper"> <div class="c-timeline__step"> <div class="c-tooltip c-tooltip--top c-timeline__tooltip"> <div role="button" class="c-timeline__dot js-toggle-tooltip__link" data-track-info='{"event":"timelinePoints","linkLabel":"1999"}'> <div class="c-timeline__check c-icon c-icon--check"></div> </div> <div role="tooltip" class="c-tooltip__item c-timeline__tooltip-item" aria-hidden="true"> <span class="c-tooltip__arrow"></span> <p class="c-copy c-copy--small"> Launched our first sustainable investing strategy, Global Sustainability – a sustainable and responsible investing (SRI) equity strategy </p> </div> </div> <div class="c-timeline__line"></div> <div class="c-timeline__label">1999</div> </div> <div class="c-timeline__step"> <div class="c-tooltip c-tooltip--top c-timeline__tooltip"> <div role="button" class="c-timeline__dot js-toggle-tooltip__link" data-track-info='{"event":"timelinePoints","linkLabel":"2015"}'> <div class="c-timeline__check c-icon c-icon--check"></div> </div> <div role="tooltip" class="c-tooltip__item c-timeline__tooltip-item" aria-hidden="true"> <span class="c-tooltip__arrow"></span> <p class="c-copy c-copy--small"> Launched our first global green bond strategy </p> </div> </div> <div class="c-timeline__line"></div> <div class="c-timeline__label">2015</div> </div> <div class="c-timeline__step"> <div class="c-tooltip c-tooltip--top c-timeline__tooltip"> <div role="button" class="c-timeline__dot js-toggle-tooltip__link" data-track-info='{"event":"timelinePoints","linkLabel":"2016"}'> <div class="c-timeline__check c-icon c-icon--check"></div> </div> <div role="tooltip" class="c-tooltip__item c-timeline__tooltip-item" aria-hidden="true"> <span class="c-tooltip__arrow"></span> <p class="c-copy c-copy--small"> Among the first movers with blended finance vehicles in emerging markets coinvesting alongside International Finance Cooperation debt financing </p> </div> </div> <div class="c-timeline__line"></div> <div class="c-timeline__label">2016</div> </div> <div class="c-timeline__step"> <div class="c-tooltip c-tooltip--top c-timeline__tooltip"> <div role="button" class="c-timeline__dot js-toggle-tooltip__link" data-track-info='{"event":"timelinePoints","linkLabel":"2021"}'> <div class="c-timeline__check c-icon c-icon--check"></div> </div> <div role="tooltip" class="c-tooltip__item c-timeline__tooltip-item" aria-hidden="true"> <span class="c-tooltip__arrow"></span> <p class="c-copy c-copy--small"> Joined Net Zero Asset Managers initiative and One Planet Asset Managers initiative </p> </div> </div> <div class="c-timeline__line"></div> <div class="c-timeline__label">2021</div> </div> <div class="c-timeline__step"> <div class="c-tooltip c-tooltip--top c-timeline__tooltip"> <div role="button" class="c-timeline__dot js-toggle-tooltip__link" data-track-info='{"event":"timelinePoints","linkLabel":"2022"}'> <div class="c-timeline__check c-icon c-icon--check"></div> </div> <div role="tooltip" class="c-tooltip__item c-timeline__tooltip-item" aria-hidden="true"> <span class="c-tooltip__arrow"></span> <p class="c-copy c-copy--small"> Go-live of our proprietary sustainability insights engine (SusIE) as a central ESG data portal supporting investment decisions </p> </div> </div> <div class="c-timeline__line"></div> <div class="c-timeline__label">2022</div> </div> <div class="c-timeline__step"> <div class="c-tooltip c-tooltip--top c-timeline__tooltip"> <div role="button" class="c-timeline__dot js-toggle-tooltip__link" data-track-info='{"event":"timelinePoints","linkLabel":"2023"}'> <div class="c-timeline__check c-icon c-icon--check"></div> </div> <div role="tooltip" class="c-tooltip__item c-timeline__tooltip-item" aria-hidden="true"> <span class="c-tooltip__arrow"></span> <p class="c-copy c-copy--small"> New sustainable fund classification roll-out combined with the introduction of key performance indicator metrics to increase our focus on sustainable outcomes. </p> </div> </div> <div class="c-timeline__line"></div> <div class="c-timeline__label">2023</div> </div> </div> </div> </div> </div> </div> <style> .c-timeline__bg { background: #ffffff !important; } </style> </div> <div id="tab-content-e0c309f6-2b0f-4b64-ac8f-0a2de643c944_1" class="c-tabs__content__item l-grid__column-12 " style="background-color:#FFFFFF;" aria-labelledby="tab-nav-e0c309f6-2b0f-4b64-ac8f-0a2de643c944_1" role="tabpanel"> <div class="l-container " data-component="general-content" > </div> <div class="component agi-general-content-rte " data-component="general-content" > <div class="l-container u-margin-top-xl u-margin-bottom-2m agi-rte"> <center> <h1 style="margin-bottom:24px;">Three sustainability themes</h1> <p class="body-one">We identified three themes that we believe are critical to society, our investors and Allianz Global Investors as a business.</p> <p class="body-one">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.</p> </center> <div class="l-grid__row align-items-stretch"> <div class="l-grid__column-large-1 l-grid__column-large-4 u-margin-bottom-1m navigation-tile u-flex align-items-stretch impression-list"> <div class="c-agi-tile c-agi-tile__full-height" style="background-color:#007a33;"> <div class="c-agi-tile__wrapper"> <h4 class="c-heading c-agi-tile__headline c-heading--link-black" style="text-align: center;"> <img alt="" style="height: auto; max-width: 100px; width: 100%;" src="/-/media/allianzgi/shared/sustainability/sustainable-investing/3-sustainability-themes-icon-01.svg?h=auto&w=100%25&rev=1817ffa3b954427fa601c05435830dd9&hash=981DDDF38EFFD340EFD9A8D3A6D0DEBF" /> </h4> <div class="c-copy c-agi-tile__text" style="text-align: center; color:#ffffff;"> <h2> <strong>Climate change</strong> </h2> <p>Climate change is one of our planet’s most pressing challenges, with potential consequences across all three environmental, social and governance (ESG) elements.</p> </br></br> </div> </div> </div> </div> <div class="l-grid__column-large-1 l-grid__column-large-4 u-margin-bottom-1m navigation-tile u-flex align-items-stretch impression-list"> <div class="c-agi-tile c-agi-tile__full-height" style="background-color:#007ab3"> <div class="c-agi-tile__wrapper"> <h4 class="c-heading c-agi-tile__headline c-heading--link-black" style="text-align: center;"> <img alt="" style="height: auto; max-width: 100px; width: 100%;" src="/-/media/allianzgi/shared/sustainability/sustainable-investing/3-sustainability-themes-icon-02.svg?h=auto&w=100%25&rev=f57450f210e4457480fdb873d7a9b37a&hash=4E42F0FC737578CAB71FED0BD01CE75D" /> </h4> <div class="c-copy c-agi-tile__text" style="text-align: center; color:#ffffff;"> <h2> <strong>Planetary boundaries</strong> </h2> <p>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.</p> </div> </div> </div> </div> <div class="l-grid__column-large-1 l-grid__column-large-4 u-margin-bottom-1m navigation-tile u-flex align-items-stretch impression-list"> <div class="c-agi-tile c-agi-tile__full-height" style="background-color:#ac2977"> <div class="c-agi-tile__wrapper"> <h4 class="c-heading c-agi-tile__headline c-heading--link-black" style="text-align: center;"> <img alt="" style="height: auto; max-width: 100px; width: 100%;" src="/-/media/allianzgi/shared/sustainability/sustainable-investing/3-sustainability-themes-icon-03.svg?h=auto&w=100%25&rev=02cf24af408140ea9e45a7627a57d58e&hash=56E3F06F81FAD527A10EAEDE87E15A11" /> </h4> <div class="c-copy c-agi-tile__text" style="text-align: center; color:#ffffff;"> <h2> <strong>Inclusive capitalism</strong> </h2> <p>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.</p> </br> </div> </div> </div> </div> </div> </div> </div> </div> <div id="tab-content-e0c309f6-2b0f-4b64-ac8f-0a2de643c944_2" class="c-tabs__content__item l-grid__column-12 " style="background-color:#FFFFFF;" aria-labelledby="tab-nav-e0c309f6-2b0f-4b64-ac8f-0a2de643c944_2" role="tabpanel"> <div class="l-container " data-component="general-content" > </div> <div class="component agi-general-content-rte " data-component="general-content" > <div class="l-container u-margin-top-xl u-margin-bottom-2m agi-rte"> <h1 style="text-align:center; margin-bottom:32px;">Product categories</h1> <p class="body-one" style="text-align:center">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.</p> <!DOCTYPE html> <html lang="en"> <head> <meta charset="UTF-8"> <meta name="viewport" content="width=device-width, initial-scale=1.0"> <title>Document</title> <link rel="stylesheet" href="https://www.allianzgi.com/assets/css/style.css?v=20231016124710000"> <link rel="stylesheet" href="/-/media/allianzgi/shared/sustainability/sustainable-investing/styles.css?rev=8470cda779554e5a82c8482f2a3cd34a"> </head> <body> <div class="sust-pro-cat__body"> <div class="sust-pro-cat__body__row sust-pro-cat__body__row-0"> <div class="sust-pro-cat__body__row__column sust-pro-cat__body__row__column-0-0"> <div class="sust-pro-cat__body__row__column__header"> <div class="sust-pro-cat__body__row__column__header__img"><img src="/-/media/allianzgi/shared/sustainability/sustainable-investing/icon-1.png?rev=f39f88ff1d1346b7a8dae8b4ce4cc9ab&hash=0E557D5524515A0DA561E8FF54C67509" width="48" height="48"></div> <div class="sust-pro-cat__body__row__column__header__title">Conventional</div> <hr class="sust-pro-cat__body__row__column__header__title__hr"> </div> <div class="sust-pro-cat__body__row__column__body"> <hr class="sust-pro-cat__body__row__column__body__hr sust-pro-cat__body__row__column__body__hr-0"> <div class="sust-pro-cat__body__row__column__body__row"> <div class="sust-pro-cat__body__row__column__body__row__title">Objectives</div> <div class="sust-pro-cat__body__row__column__body__row__desc">Financial returns and active risk management</div> </div> </div> <hr class="sust-pro-cat__body__row__column__body__hr sust-pro-cat__body__row__column__body__hr-0"> <div class="sust-pro-cat__body__row__column__remark">Classified as Article 6* only</div> </div> <div class="sust-pro-cat__body__row__column sust-pro-cat__body__row__column-0-1"> <div class="sust-pro-cat__body__row__column__header"> <div class="sust-pro-cat__body__row__column__header__img"><img src="/-/media/allianzgi/shared/sustainability/sustainable-investing/icon-2.png?rev=e0b400bfef844d2c96bf1eaf17abbc0b&hash=87BA15420FECD16CC1366BFB524A534A" width="48" height="48"></div> <div class="sust-pro-cat__body__row__column__header__title">ESG risk-focused<sup>†</sup></div> <hr class="sust-pro-cat__body__row__column__header__title__hr"> <div class="sust-pro-cat__body__row__column__header__subtitle">EUR 87bn</div> </div> <div class="sust-pro-cat__body__row__column__body"> <hr class="sust-pro-cat__body__row__column__body__hr sust-pro-cat__body__row__column__body__hr-0"> <div class="sust-pro-cat__body__row__column__body__row"> <div class="sust-pro-cat__body__row__column__body__row__title">Objectives</div> <div class="sust-pro-cat__body__row__column__body__row__desc">Financial returns and material E, S and G risk considerations</div> </div> <hr class="sust-pro-cat__body__row__column__body__hr sust-pro-cat__body__row__column__body__hr-0"> <div class="sust-pro-cat__body__row__column__body__row"> <div class="sust-pro-cat__body__row__column__body__row__title">Qualifying approaches </div> <div class="sust-pro-cat__body__row__column__body__row__desc">Integrated ESG</div> </div> </div> <hr class="sust-pro-cat__body__row__column__body__hr sust-pro-cat__body__row__column__body__hr-0"> <div class="sust-pro-cat__body__row__column__remark">Classified as Article 6* only</div> </div> <div class="sust-pro-cat__body__row__end"> <div class="sust-pro-cat__body__row__end-label sust-pro-cat__body__row__end-label-0">Firm-wide exclusions</div> </div> </div> <div class="sust-pro-cat__body__row sust-pro-cat__body__row-1"> <div class="sust-pro-cat__body__row__column sust-pro-cat__body__row__column-1-0"> <div class="sust-pro-cat__body__row__column__header"> <div class="sust-pro-cat__body__row__column__header__img"><img src="/-/media/allianzgi/shared/sustainability/sustainable-investing/icon-3?rev=a7117fc0761d48f8a95de333b945358c&hash=6C471EC9A67166D948F015935C3F6660" width="48" height="48"></div> <div class="sust-pro-cat__body__row__column__header__title">Sustainability-focused</div> <hr class="sust-pro-cat__body__row__column__header__title__hr"> <div class="sust-pro-cat__body__row__column__header__subtitle">EUR 207bn<sup>#</sup>(combined AUM with Impact-focused strategy)</div> </div> <div class="sust-pro-cat__body__row__column__body"> <hr class="sust-pro-cat__body__row__column__body__hr sust-pro-cat__body__row__column__body__hr-1"> <div class="sust-pro-cat__body__row__column__body__row"> <div class="sust-pro-cat__body__row__column__body__row__title">Objectives</div> <div class="sust-pro-cat__body__row__column__body__row__desc">Financial returns and sustainability objectives and values</div> </div> <hr class="sust-pro-cat__body__row__column__body__hr sust-pro-cat__body__row__column__body__hr-1"> <div class="sust-pro-cat__body__row__column__body__row"> <div class="sust-pro-cat__body__row__column__body__row__title">Qualifying approaches </div> <div class="sust-pro-cat__body__row__column__body__row__desc">SRI best-in-class KPI-based approach Multi asset sustainability blend ESG score approach</div> </div> </div> <hr class="sust-pro-cat__body__row__column__body__hr sust-pro-cat__body__row__column__body__hr-1"> <div class="sust-pro-cat__body__row__column__remark">Classified as Article 8*</div> </div> <div class="sust-pro-cat__body__row__column sust-pro-cat__body__row__column-1-1"> <div class="sust-pro-cat__body__row__column__header"> <div class="sust-pro-cat__body__row__column__header__img"><img src="/-/media/allianzgi/shared/sustainability/sustainable-investing/icon-4?rev=a6b6d4bebd1040549990b5575d4d08d2&hash=264AFE77AD55C69FD7CD4CF562D3D390" width="48" height="48"></div> <div class="sust-pro-cat__body__row__column__header__title">Impact-focused</div> <hr class="sust-pro-cat__body__row__column__header__title__hr"> <div class="sust-pro-cat__body__row__column__header__subtitle">EUR 207bn<sup>#</sup>(combined AUM with Sustainability-focused strategy)</div> </div> <div class="sust-pro-cat__body__row__column__body"> <hr class="sust-pro-cat__body__row__column__body__hr sust-pro-cat__body__row__column__body__hr-1"> <div class="sust-pro-cat__body__row__column__body__row"> <div class="sust-pro-cat__body__row__column__body__row__title">Objectives</div> <div class="sust-pro-cat__body__row__column__body__row__desc">Financial returns and measurable sustainable outcomes</div> </div> <hr class="sust-pro-cat__body__row__column__body__hr sust-pro-cat__body__row__column__body__hr-1"> <div class="sust-pro-cat__body__row__column__body__row"> <div class="sust-pro-cat__body__row__column__body__row__title">Qualifying approaches</div> <div class="sust-pro-cat__body__row__column__body__row__desc">Impact (Art. 9) SDG-aligned fixed income /multi asset/private markets (Art. 9) SDG-aligned equity (Art. 8)</div> </div> </div> <hr class="sust-pro-cat__body__row__column__body__hr sust-pro-cat__body__row__column__body__hr-1"> <div class="sust-pro-cat__body__row__column__remark">Classified as Article 8 or 9*</div> </div> <div class="sust-pro-cat__body__row__end"> <div class="sust-pro-cat__body__row__end-label sust-pro-cat__body__row__end-label-1">Sustainable minimum exclusions</div> </div> </div> </div> <div class="sust-pro-cat__bottom-label sust-pro-cat__bottom-label-0">ESG risk assessment: identification and consideration of sustainability risks and adverse impacts</div> <div class="sust-pro-cat__bottom-label sust-pro-cat__bottom-label-1">Active stewardship: company engagement and proxy voting</div> <div class="sust-pro-cat__footnote">Source: Allianz Global Investors, 30 June 2024.<br>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).<br>*According to EU SFDR regulation<br>ESG: Environmental, Social and Governance. SRI: Sustainable and Responsible Investing. KPI: Key Performance Indicator. <br><sup>#</sup>AUM in Sustainability-focused and impact-focused strategies combined: EUR 207 bn. Note that “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). <br><sup>†</sup>ESG risk-focused category (also known as the integrated ESG investment approach) is not considered sustainable according to EU Sustainable Finance Disclosure Regulation.</div> </div> </body> <script> function syncElementHeight(selector) { const elements = document.querySelectorAll(selector); elements.forEach((element) => { element.style.height = `auto`; }); if (window.matchMedia("(max-width: 899px)").matches) { return false } let maxHeight = 0; elements.forEach((element) => { maxHeight = Math.max(maxHeight, element.clientHeight); }); elements.forEach((element) => { element.style.height = `${maxHeight}px`; }); } function ready(fn) { if (document.readyState !== 'loading') { fn(); } else { document.addEventListener('DOMContentLoaded', fn); } } ready(() => setTimeout(() => { syncElementHeight('.sust-pro-cat_bodyrowcolumn_header'); }, 1000)) window.addEventListener('resize', () => { syncElementHeight('.sust-pro-cat_bodyrowcolumn_header'); }); </script> </html> </div> </div> </div> <div id="tab-content-e0c309f6-2b0f-4b64-ac8f-0a2de643c944_3" class="c-tabs__content__item l-grid__column-12 " style="background-color:#FFFFFF;" aria-labelledby="tab-nav-e0c309f6-2b0f-4b64-ac8f-0a2de643c944_3" role="tabpanel"> <div class="l-container " data-component="general-content" > </div> <div class="component agi-general-content-rte " data-component="general-content" > <div class="l-container u-margin-top-xl u-margin-bottom-2m agi-rte"> <center> <h1 style="margin-bottom:24px;">Active stewardship</h1> <p class="body-one">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.</p> <h3 style="margin-top:24px; margin-bottom:-56px;"><strong>2023 highlights</strong></h3> </center> </div> </div> <div class="l-container--full-width multi-column-wrapper three-column columns--positive " data-component="MultiColumnWrapper"> <div class="l-container l-container--no-gutters u-margin-top-m u-padding-top-m u-padding-bottom-m"> <div class="l-grid u-margin-top-m u-margin-bottom-m"> <div class="l-grid__row"> <div class="l-grid__column"> </div> </div> <div class="l-grid__row align-items-stretch"> <div class="c-agi-teaser align-tiles-imagetoLeft teaser--50-50" aria-label="<h2 style="text-align:center; color: #187bb8;"><strong>481 engagements</strong></h2>" data-track-info='{"event":"TeaserTile","interaction":"impression","bannerName":"<h2 style=\"text-align:center; color: #187bb8;\"><strong>481 engagements</strong></h2>"}'> <div class="c-agi-teaser__content"> <div class="c-agi-tile t-bg-rich-petrol-lightest"> <div class="c-agi-tile__wrapper"> <div class="c-agi-tile__content"> <p class="c-copy c-agi-tile__tags"> </p> <h3 class='c-heading c-agi-tile__headline c-heading--link-black'> <h2 style="text-align:center; color: #187bb8;"><strong>481 engagements</strong></h2> </h3> <p class="c-copy c-agi-tile__text"> <p style="font-size:16px; text-align:center; line-height: 1.5;">with <strong><span style="color: #187bb8;">374 companies</span></strong> in <strong><span style="color: #187bb8;">32 locations</span></strong></p> </p> </div> <div class="c-copy c-copy--medium c-agi-tile__author c-taglist"> </div> </div> </div> </div> </div> <div class="c-agi-teaser align-tiles-imagetoLeft teaser--50-50" aria-label="<h2 style="text-align:center; color: #187bb8; margin-top:48px;"><strong>9,137</strong></h2>" data-track-info='{"event":"TeaserTile","interaction":"impression","bannerName":"<h2 style=\"text-align:center; color: #187bb8; margin-top:48px;\"><strong>9,137</strong></h2>"}'> <div class="c-agi-teaser__content"> <div class="c-agi-tile t-bg-rich-petrol-lightest"> <div class="c-agi-tile__wrapper"> <div class="c-agi-tile__content"> <p class="c-copy c-agi-tile__tags"> </p> <h3 class='c-heading c-agi-tile__headline c-heading--link-black'> <h2 style="text-align:center; color: #187bb8; margin-top:48px;"><strong>9,137</strong></h2> </h3> <p class="c-copy c-agi-tile__text"> <p style="font-size:16px; text-align:center; line-height: 1.5;">shareholder meetings where we participated</p> </p> </div> <div class="c-copy c-copy--medium c-agi-tile__author c-taglist"> </div> </div> </div> </div> </div> <div class="c-agi-teaser align-tiles-imagetoLeft teaser--50-50" aria-label="<h2 style="text-align:center; color: #187bb8;"><strong>71%</strong></h2>" data-track-info='{"event":"TeaserTile","interaction":"impression","bannerName":"<h2 style=\"text-align:center; color: #187bb8;\"><strong>71%</strong></h2>"}'> <div class="c-agi-teaser__content"> <div class="c-agi-tile t-bg-rich-petrol-lightest"> <div class="c-agi-tile__wrapper"> <div class="c-agi-tile__content"> <p class="c-copy c-agi-tile__tags"> </p> <h3 class='c-heading c-agi-tile__headline c-heading--link-black'> <h2 style="text-align:center; color: #187bb8;"><strong>71%</strong></h2> </h3> <p class="c-copy c-agi-tile__text"> <p style="font-size:16px; text-align:center; line-height: 1.5;"><strong><span style="color: #187bb8;">of shareholder meetings</span></strong> where we voted against, withheld or abstained from at least one agenda item</p> </p> </div> <div class="c-copy c-copy--medium c-agi-tile__author c-taglist"> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="l-container " data-component="general-content" > </div> <div class="component agi-general-content-rte " data-component="general-content" > <div class="l-container u-margin-top-xl u-margin-bottom-2m agi-rte"> <p class="body-one" style="text-align:center; margin-top:-84px; margin-bottom:-56px;"> We use two primary levers to motivate sustainable outcomes at investee companies: </p> </div> </div> <section class="component facts-figurs l-container l-container--no-gutters" data-component="FactsNFigures"> <div class="l-grid u-margin-top-l u-margin-bottom-l"> <div class="l-grid__row"> <div class="l-grid__column-medium-8 offset-medium-2 u-text-align-center"> <h3 class='c-heading u-margin-bottom-m'> </h3> <div class="c-copy agi-rte"> </div> </div> </div> <div class="l-grid__row"> <div class="l-grid__column-medium-10 offset-medium-1"> <div id="268a0713-c204-437f-811e-5f22f9b8c975_accordiongroup" class="c-agi-accordion js-agi-accordion" data-settings=""> <div id="tab-1" class="c-agi-accordion__item "> <button id="07e6b0cd-e4ee-40b2-b14d-fa5351e12c50_button" aria-controls="07e6b0cd-e4ee-40b2-b14d-fa5351e12c50_content" class="c-agi-accordion__button u-text-weight-regular" data-track="factFigures" data-track-info="{'factName':'Voting on behalf of our clients at annual general meetings (AGMs) ','component':'Fact N Figure accordion'}"> <img class="c-agi-accordion__icon c-icon" src="/-/media/allianzgi/shared/sustainability/sustainable-investing/active-stewardship-icon-01.svg?w=24&rev=8903cabeba7d4516822ae3d791c08538&hash=3441135F4A0E61E97AB755B8FBDC9186" style="width:24px;"> <span> <strong>Voting on behalf of our clients at annual general meetings (AGMs)</strong> </span> </button> <div id="07e6b0cd-e4ee-40b2-b14d-fa5351e12c50_content" class="c-agi-accordion__content agi-rte c-copy u-margin-bottom-0" role="region" aria-labelledby="07e6b0cd-e4ee-40b2-b14d-fa5351e12c50_button"> <p class="body-one">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.</p> <p class="body-one">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.</p> <p class="body-one">As part of our commitment to full transparency of our proxy voting activities, we publish the following:</p> <ul class="body-one"> <li>Detailed <a href="https://www.allianzglobalinvestors.de/MDBWS/doc/AllianzGI+Global+Corporate+Governance+Guidelines_EN.pdf?f8bc44bad4d0f884d7e161500b30cdbfcc6674f4&webSyncID=673a9d65-0a4e-c086-eecb-a22214e3dac2&sessionGUID=98347d75-167c-b3a0-97cb-ce66184c1515">Global Corporate Governance Guidelines</a></li> <li><a href="https://www.allianzgi.com/-/media/allianzgi/globalagi/our-firm/ouresgapproach/allianzgi-engagement-policy-statement.pdf">Engagement Policy Statement</a></li> <li><a href="https://vds.issgovernance.com/vds/#/MjQwMQ==/">Real-time disclosure of all votes cast</a> including commentary explaining votes against management and abstentions</li> </ul> </div> </div> <div id="tab-2" class="c-agi-accordion__item "> <button id="03436c60-cd3e-44a3-a013-56a98fd541c8_button" aria-controls="03436c60-cd3e-44a3-a013-56a98fd541c8_content" class="c-agi-accordion__button u-text-weight-regular" data-track="factFigures" data-track-info="{'factName':'Expanding company engagement ','component':'Fact N Figure accordion'}"> <img class="c-agi-accordion__icon c-icon" src="/-/media/allianzgi/shared/sustainability/sustainable-investing/active-stewardship-icon-02.svg?w=24&rev=b7c3e2e8acfa4278a7f0b301d716b9e5&hash=35764F47AFCFC820B4896F25C2131937" style="width:24px;"> <span> <strong>Expanding company engagement</strong> </span> </button> <div id="03436c60-cd3e-44a3-a013-56a98fd541c8_content" class="c-agi-accordion__content agi-rte c-copy u-margin-bottom-0" role="region" aria-labelledby="03436c60-cd3e-44a3-a013-56a98fd541c8_button"> <p class="body-one">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.</p> <p class="body-one">The number of engagement topics is also up – from corporate governance and business strategy topics to environmental and social impacts.</p> <p class="body-one"><strong>Engagement across asset classes</strong></br> 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.</p> <p class="body-one">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.</p> <p class="body-one">Examples of the investor groups we work alongside include <a href="https://www.climateaction100.org/">Climate Action 100+</a>, <a href="https://www.ceres.org/climate/ambition2030/food-emissions-50">Ceres Food Emissions 50</a>, the <a href="https://30percentclub.org/france-investor-group/">30% Club France Investor Group</a> and the <a href="https://www.unpri.org/investment-tools/stewardship/advance">PRI Advance Coalition on Human Rights</a>. Topics for collaborative engagement have included climate change, gender diversity and human rights. We are also proud to have co-founded the 30% Club Germany Investor Group.</p> <p class="body-one">We provide extensive details of our stewardship activities and outcomes in our annual <a href="https://www.allianzgi.com/en/our-firm/esg/sustainability-report-2022">Sustainability and Stewardship Report</a>.</p> </div> </div> </div> </div> </div> </div> </section> </div> </div> <div class="c-tab__pagination u-hidden"> <div class="c-tab__prev" tabindex="0" role="button" aria-label="Previous slide"> <a class="c-link c-link--block c-link--two-lines-left c-link--icon " href="javascript:void(0)" aria-label="View more details"> <span aria-hidden="true" class="c-link__icon c-icon c-icon--arrow-left"></span> <span class="c-link__text"></span> </a> </div> <div class="c-tab__next" tabindex="0" role="button" aria-label="Next slide"> <a class="c-link c-link--block c-link--two-lines-left c-link--icon " href="javascript:void(0)" aria-label="View more details"> <span class="c-link__text"></span> <span aria-hidden="true" class="c-link__icon c-icon c-icon--arrow-right"></span> </a> </div> </div> </div> </section>  <div class="l-container--full-width multi-column-wrapper three-column columns--positive " data-component="MultiColumnWrapper"> <div class="l-container l-container--no-gutters u-margin-top-m u-padding-top-m u-padding-bottom-m"> <div class="l-grid u-margin-top-m u-margin-bottom-m"> <div class="l-grid__row"> <div class="l-grid__column"> </div> </div> <div class="l-grid__row align-items-stretch"> <div class="c-agi-teaser align-tiles-imagetoLeft tile--positive teaser--50-50" aria-label="Policies and reporting" data-track-info='{"event":"TeaserTile","interaction":"impression","bannerName":"Policies and reporting"}'> <div class="c-agi-teaser__content"> <div class="c-agi-tile t-bg-rich-petrol-lightest"> <div class="c-agi-tile__wrapper"> <div class="c-agi-tile__content"> <p class="c-copy c-agi-tile__tags"> </p> <h3 class='c-heading c-agi-tile__headline c-heading--link-black'> Policies and reporting </h3> <p class="c-copy c-agi-tile__text"> </p> <a class="c-link c-link--block c-link--icon" href="/en/sustainability/policies-and-reporting" target="" aria-label="Discover more" data-track="teaserClick" data-track-info='{"event":"TeaserTile","interaction":"click","bannerName":"Policies and reporting"}'> <span aria-hidden="true" class="c-link__icon c-icon c-icon--arrow-right"></span> <span class="c-link__text">Discover more</span> </a> </div> <div class="c-copy c-copy--medium c-agi-tile__author c-taglist"> </div> </div> </div> </div> </div> <div class="c-agi-teaser align-tiles-imagetoLeft tile--positive teaser--50-50" aria-label="Sustainability - 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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. <br /> <br /> 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 his 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. 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. 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AllianzGI AP is licensed and regulated by Hong Kong Securities and Futures Commission under Hong Kong laws, which differ from Australian laws. <br /> <br /> 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. 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