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Shaping future pathways

Staying focused on the needs of our clients – and how these change – has been our ethos for more than 20 years of sustainable investing.

Sustainable investing – always looking ahead

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.

20+

years of sustainable investing



EUR

298 billion

in ESG risk-focused, sustainability-focused and impact-focused product categories*

Awarded

PRI 4-star

grade for Policy, Governance & Strategy**

45+

dedicated global sustainability-focused professionals†

Voted on

95,500+

single proposals† at shareholder meetings



481

engagements with companies, covering over 1,000 topics†

*AUM as at 30 September 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).
**Maximum possible rating is 5 stars
† As at 30 September 2024

Find out how our capabilities evolved to support the breadth of investor needs.

Our journey

1999
2015
2016
2021
2022
2023

Three sustainability themes

We identified three themes that we believe are critical to society, our investors and Allianz Global Investors as a business.

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.

Climate change

Climate change is one of our planet’s most pressing challenges, with potential consequences across all three environmental, social and governance (ESG) elements.



Planetary boundaries

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.

Inclusive capitalism

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.


Product categories

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.

Document
Conventional
Objectives
Financial returns and active risk management
Classified as Article 6* only
ESG risk-focused†
EUR 89bn
Objectives
Financial returns and material E, S and G risk considerations
Qualifying approaches
Integrated ESG
Classified as Article 6* only
Firm-wide exclusions
Sustainability-focused
EUR 209bn#(combined AUM with Impact-focused strategy)
Objectives
Financial returns and sustainability objectives and values
Qualifying approaches
SRI best-in-class KPI-based approach Multi asset sustainability blend ESG score approach
Classified as Article 8*
Impact-focused
EUR 209bn#(combined AUM with Sustainability-focused strategy)
Objectives
Financial returns and measurable sustainable outcomes
Qualifying approaches
Impact (Art. 9) SDG-aligned fixed income /multi asset/private markets (Art. 9) SDG-aligned equity (Art. 8)
Classified as Article 8 or 9*
Sustainable minimum exclusions
ESG risk assessment: identification and consideration of sustainability risks and adverse impacts
Active stewardship: company engagement and proxy voting
Source: Allianz Global Investors, 30 September 2024.
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).
*According to EU SFDR regulation
ESG: Environmental, Social and Governance. SRI: Sustainable and Responsible Investing. KPI: Key Performance Indicator.
#AUM in Sustainability-focused and impact-focused strategies combined: EUR 209 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).
†ESG risk-focused category (also known as the integrated ESG investment approach) is not considered sustainable according to EU Sustainable Finance Disclosure Regulation.

Active stewardship

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.

2023 highlights

481 engagements

with 374 companies in 32 locations

9,137

shareholder meetings where we participated

71%

of shareholder meetings where we voted against, withheld or abstained from at least one agenda item

We use two primary levers to motivate sustainable outcomes at investee companies:

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.

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.

As part of our commitment to full transparency of our proxy voting activities, we publish the following:

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.

The number of engagement topics is also up – from corporate governance and business strategy topics to environmental and social impacts.

Engagement across asset classes
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.

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.

Examples of the investor groups we work alongside include Climate Action 100+, Ceres Food Emissions 50, the 30% Club France Investor Group and the PRI Advance Coalition on Human Rights. 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.

We provide extensive details of our stewardship activities and outcomes in our annual Sustainability and Stewardship Report.

Policies and reporting

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Sustainability - Home

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Sustainability insights

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  • Announcement for SFC Authorized Funds: Read More (https://hk.allianzgi.com/-/media/allianzgi/ap/hongkong/pdf/en/announcements/20220518-agihk-announcement-for-sfc-authorized-funds-en)

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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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