Corporate responsibility

As a sustainable investor, we set high standards for the companies in which we invest – and our clients expect us to uphold the same standards in our own business. This means running our business in a responsible and sustainable way, and seeking to have a positive influence by managing the impact we have on society, our communities and the environment. By taking concerted action in the following areas, we can shape this impact – and enhance our ability to generate the long-term returns on which our clients depend.

Our culture

Our people are our most valuable asset and the key to what makes our company succeed. Their skills and values shape the experience that clients receive – and help us earn the trust that underpins our business.

We work every day to reinforce our inclusive, meritocratic culture, championing the expertise and behaviours that our clients need – now and in the future.

See what makes our culture unique.

OUR CULTURE

Corporate citizenship

As a global organisation we recognise the positive impact we can have on the world – and not just as an investor. We deploy our resources and employees’ skills to contribute to the social and economic development of our communities. By concentrating our activities around a small number of priority areas, including the following, we can have a more significant impact.

Environmental management

We believe in leading by example, and strive to achieve the same environmental, social and governance (ESG) standards that we demand of the companies in which we invest. This includes seeking to limit the impact of our business operations on the environment. The overview below is a snapshot of our engagements in our offices around the globe.

Our environmental impact

With our engagements across the globe, we have set an important milestone towards reducing the impact of our business operations on the environment as the figures below show.

The baseline for our environmental reduction targets in operations is 2019 across all entities belonging to AllianzGI. It forms the basis against which we measure our performance and achievements. This also allows filtering out effects of the Covid pandemic. The applicable intensity ratio for our targets and performance is GHG emissions per employee or resource consumption/output per employee.

 

GHG emissions1  

tCO2e per employee

 

2023 (-57%)

2019

1.6 t

3.8 t

Business travel   

tCO2e per employee

 

2023 (-44%)

2019

1.1 t

2.1 t

Energy consumption (office buildings)2

Gigajoules per employee

 

2023 (-35%)

2019

12.5 t

19.2 t

Paper consumption

Kilograms per employee

 

2023 (-77%)

2019

6.3 kg

27.4 kg

Electricity from renewable resources3

 

2023 (+57%)

2019

100%

43%

Water consumption

Cubic metres per employee

 

2023 (-51%)

2019

12.7 m3

26 m3

Waste

Kilograms per employee

 

2023 (-59%)

2019

61.8 kg

149 kg

 

 

1 Our GHG emissions footprint consists of GHG emissions from our own operations from material sources across Scope 1, Scope 2, and selected parts of Scope 3 . The categories currently included in Scope 3 are energy-related emissions, business travel, and paper use; to reflect evolving ways of working, we also include GHG emissions from remote working as well as certain cloud-based systems in our carbon footprint. Our current absolute emissions arise primarily from business travel (2023: 70%; 2022: 53%) and energy consumption particularly for heating our offices (2023: 30%; 2022: 46%); paper consumption makes up less than 1% of our global footprint.
2 Restated in 2022 due to adjustments of calculation methodology of energy consumption and thus our 2019 baseline. The energy target only reflects the targeted energy consumption in office buildings; however, the respective emissions associated with the energy use of non-office sites such as local data centres, remote working and public cloud are incorporated into our overall corporate footprint.
3 Since 2021, 100% of the electricity we use in office buildings and local data centres has come from renewable sources. RE100 compliance has been achieved through agreements with suppliers on “green tariffs” and the continuous sourcing of “unbundled” Energy Attribute Certificates (EACs) for renewable energy in the US and APAC, where renewable power cannot yet be readily sourced through green tariffs. EACs are an instrument to document and track the production, distribution and consumption of renewable energy. They do not represent the electricity itself (as they are unbundled from production) but allow us to prove that the energy we use is directly attached to electricity produced at a specific, identifiable renewable energy site.
Source: Allianz Global Investors, as at 31 December 2023.

Investing sustainably for the future

With sustainable investing no longer seen as a trend, but as an essential part of investing, the asset management industry is at a tipping point – and our firm is taking a leadership role. The integration of ESG (environment, social and governance) criteria and the development of sustainable investing solutions is at the heart of Allianz Global Investors' corporate responsibility approach.

Compliance and data privacy

We aim to earn our clients’ trust and maintain their confidence in us by holding ourselves to the highest ethical standards. We use a robust set of processes to promote ethical conduct, protect client confidentiality and manage risk, with a focus on the following key areas:

Business resilience (business continuity and disaster recovery) is an essential component of our service commitment to our clients. The business resilience team is responsible for identifying threats, creating guidelines and policies, developing tools and best practices, delivering training and raising awareness. Allianz Global Investors’ business-recovery plans ensure that key processes can resume in the event of any serious interruption to business activities. We regularly review our functional recovery plans to ensure their feasibility and effectiveness.

Our code of ethics covers acceptable business practices, conflicts-of-interest policies and expected standards of behaviour. One of the roles of our compliance function is to oversee the effective implementation of all regulations stipulated in the code, and to ensure every employee participates in regular compliance training.

We also have comprehensive anti-money laundering (AML) policies and follow strict know your customer (KYC) guidelines. This is not only a best practice designed to protect our clients and our business; it is in accordance with a range of regulatory guidelines in place wherever we do business – from Europe to the US and Asia.

Our latest Global Speak Up Reporting and Anti-Retaliation Policy Handout (PDF file)

Our latest German Supply Chain Act Policy Statement (PDF file)

We are committed to protecting the privacy rights of employees, clients, business partners and other third parties when processing personal data. We adhere to strict data laws and the Allianz Privacy Standard (APS) that governs the international transfer of personal data between Allianz Group companies. Our firm-wide controls are designed to protect the confidentiality, integrity and resilience of data.

We continually monitor the cyber-threat landscape, and we use state-of-the-art techniques and tools to prevent data breaches. These include dynamic malware inspection and continuous monitoring of systems. We use a robust set of protocols to detect and respond to any cyberthreat or information-security incident.

Our global risk management function manages the key risk areas for our firm, relating to both our investment activities and business operations. This includes monitoring and managing the various factors that contribute to the financial performance of portfolios according to their stated objectives. And we seek to safeguard our ability to deliver our services within the stipulated timespan, to the required quality, and in accordance with regulatory commitments.

Find out more

Sponsorships and Partnerships

More about our sponsorships and partnerships

Inclusion and diversity

Discover our commitment to inclusion and diversity

Allianz Global Investors

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  • Allianz Global Investors Fund (“AGIF”)

    • Allianz Global Investors Fund (“AGIF”) as an umbrella fund under the UCITS regulations has within it different sub-funds investing in fixed income securities, equities, and derivative instruments, each with a different investment objective and/or risk profile.

    • All sub-funds (“Sub-Funds”) may invest in financial derivative instruments (“FDI”) which may expose to higher leverage, counterparty, liquidity, valuation, volatility, market and over the counter transaction risks. A Sub-Fund’s net derivative exposure may be up to 50% of its NAV. 

    • Some Sub-Funds as part of their investments may invest in any one or a combination of the instruments such as fixed income securities, emerging market securities, and/or mortgage-backed securities, asset-backed securities, property-backed securities (especially REITs) and/or structured products and/or FDI, exposing to various potential risks (including leverage, counterparty, liquidity, valuation, volatility, market, fluctuations in the value of and the rental income received in respect of the underlying property, and over the counter transaction risks). 

    • Some Sub-Funds may invest in single countries or industry sectors (in particular small/mid cap companies) which may reduce risk diversification. Some Sub-Funds are exposed to significant risks which include investment/general market, country and region, emerging market (such as Mainland China), creditworthiness/credit rating/downgrading, default, asset allocation, interest rate, volatility and liquidity, counterparty, sovereign debt, valuation, credit rating agency, company-specific, currency  (in particular RMB), RMB debt securities and Mainland China tax risks. 

    • Some Sub-Funds may invest in convertible bonds, high-yield, non-investment grade investments and unrated securities that may subject to higher risks (include volatility, loss of principal and interest, creditworthiness and downgrading, default, interest rate, general market and liquidity risks) and therefore may adversely impact the net asset value of the Sub-Funds. Convertibles will be exposed prepayment risk, equity movement and greater volatility than straight bond investments.

    • Some Sub-Funds may invest a significant portion of the assets in interest-bearing securities issued or guaranteed by a non-investment grade sovereign issuer (e.g. Philippines) and is subject to higher risks of liquidity, credit, concentration and default of the sovereign issuer as well as greater volatility and higher risk profile that may result in significant losses to the investors. 

    • Some Sub-Funds may invest in European countries. The economic and financial difficulties in Europe may get worse and adversely affect the Sub-Funds (such as increased volatility, liquidity and currency risks associated with investments in Europe).

    • Some Sub-Funds may invest in the China A-Shares market, China B-Shares market and/or debt securities directly  via the Stock Connect or the China Interbank Bond Market or Bond Connect and or other foreign access regimes and/or other permitted means and/or indirectly through all eligible instruments the qualified foreign institutional investor program regime and thus is subject to the associated risks (including quota limitations, change in rule and regulations, repatriation of the Fund’s monies, trade restrictions, clearing and settlement, China market volatility and uncertainty, China market volatility and uncertainty, potential clearing and/or settlement difficulties and, change in economic, social and political policy in the PRC and taxation Mainland China tax risks).  Investing in RMB share classes is also exposed to RMB currency risks and adverse impact on the share classes due to currency depreciation.

    • Some Sub-Funds may adopt the following strategies, Sustainable and Responsible Investment Strategy, SDG-Aligned Strategy, Sustainability Key Performance Indicator Strategy (Relative), Green Bond Strategy, Multi Asset Sustainable Strategy, Sustainability Key Performance Indicator Strategy (Absolute Threshold), Environment, Social and Governance (“ESG”) Score Strategy, and Sustainability Key Performance Indicator Strategy (Absolute). The Sub-Funds may be exposed to sustainable investment risks relating to the strategies (such as foregoing opportunities to buy certain securities when it might otherwise be advantageous to do so, selling securities when it might be disadvantageous to do so, and/or relying on information and data from third party ESG research data providers and internal analyses which may be subjective, incomplete, inaccurate or unavailable and/or reducing risk diversifications compared to broadly based funds) which may result in the Sub-Fund being more volatile and have adverse impact on the performance of the Sub-Fund and consequently adversely affect an investor’s investment in the Sub-Fund. Also, some Sub-Funds may be particularly focusing on the GHG efficiency of the investee companies rather than their financial performance which may have an adverse impact on the Fund’s performance.

    • Some Sub-Funds may invest in share class with fixed distribution percentage (Class AMf). Investors should note that fixed distribution percentage is not guaranteed. The share class is not an alternative to fixed interest paying investment. The percentage of distributions paid by these share classes is unrelated to expected or past income or returns of these share classes or the Sub-Funds. Distribution will continue even the Sub-Fund has negative returns and may adversely impact the net asset value of the Sub-Fund.  Positive distribution yield does not imply positive return.

    • Investment involves risks that could result in loss of part or entire amount of investors’ investment.

    • In making investment decisions, investors should not rely solely on this [website/material].

    Note: Dividend payments may, at the sole discretion of the Investment Manager, be made out of the Sub-Fund’s capital or effectively out of the Sub-Fund’s capital which represents a return or withdrawal of part of the amount investors originally invested and/or capital gains attributable to the original investment. This may result in an immediate decrease in the NAV per share and the capital of the Sub-Fund available for investment in the future and capital growth may be reduced, in particular for hedged share classes for which the distribution amount and NAV of any hedged share classes (HSC) may be adversely affected by differences in the interests rates of the reference currency of the HSC and the base currency of the respective Sub-Fund. Dividend payments are applicable for Class A/AM/AMg/AMi/AMgi/AQ Dis (Annually/Monthly/Quarterly distribution) and for reference only but not guaranteed.  Positive distribution yield does not imply positive return. For details, please refer to the Sub-Fund’s distribution policy disclosed in the offering documents.


    Allianz Global Investors Asia Fund

    • Allianz Global Investors Asia Fund (the “Trust”) is an umbrella unit trust constituted under the laws of Hong Kong pursuant to the Trust Deed. Allianz Thematic Income and Allianz Selection Income and Growth and Allianz Yield Plus Fund are the sub-funds of the Trust (each a “Sub-Fund”) investing in fixed income securities, equities and derivative instrument, each with a different investment objective and/or risk profile.

    • Some Sub-Funds are exposed to significant risks which include investment/general market, company-specific, emerging market, creditworthiness/credit rating/downgrading, default, volatility and liquidity, valuation, sovereign debt, thematic concentration, thematic-based investment strategy, counterparty, interest rate changes, country and region, asset allocation risks and currency (such as exchange controls, in particular RMB), and the adverse impact on RMB share classes due to currency depreciation.  

    • Some Sub-Funds may invest in other underlying collective schemes and exchange traded funds. Investing in exchange traded funds may expose to additional risks such as passive investment, tracking error, underlying index, trading and termination. While investing in other underlying collective schemes (“CIS”) may subject to the risks associated to such CIS. 

    • Some Sub-Funds may invest in high-yield (non-investment grade and unrated) investments and/or convertible bonds which may subject to higher risks, such as volatility, creditworthiness, default, interest rate changes, general market and liquidity risks and therefore may  adversely impact the net asset value of the Fund. Convertibles may also expose to risks such as prepayment, equity movement, and greater volatility than straight bond investments.

    • All Sub-Funds may invest in financial derivative instruments (“FDI”) which may expose to higher leverage, counterparty, liquidity, valuation, volatility, market and over the counter transaction risks.  The use of derivatives may result in losses to the Sub-Funds which are greater than the amount originally invested. A Sub-Fund’s net derivative exposure may be up to 50% of its NAV.

    • These investments may involve risks that could result in loss of part or entire amount of investors’ investment.

    • In making investment decisions, investors should not rely solely on this website.

    Note: Dividend payments may, at the sole discretion of the Investment Manager, be made out of the Sub-Fund’s income and/or capital which in the latter case represents a return or withdrawal of part of the amount investors originally invested and/or capital gains attributable to the original investment. This may result in an immediate decrease in the NAV per distribution unit and the capital of the Sub-Fund available for investment in the future and capital growth may be reduced, in particular for hedged share classes for which the distribution amount and NAV of any hedged share classes (HSC) may be adversely affected by differences in the interests rates of the reference currency of the HSC and the base currency of the Sub-Fund. Dividend payments are applicable for Class A/AM/AMg/AMi/AMgi Dis (Annually/Monthly distribution) and for reference only but not guaranteed.  Positive distribution yield does not imply positive return. For details, please refer to the Sub-Fund’s distribution policy disclosed in the offering documents.

     

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