PI Partnership – Allianz Global Investors


Climate change is one of our planet’s most pressing challenges. We at Allianz- GI believe that asset managers should take a more active role in shaping the fu- ture. Since 1999 we meet this responsibil- ity with commitment, dedication and far- sighted actions. We are happy to announce that 74 equity, fixed income and multi-asset funds will join our current sustainable investment offering.

What is the actual significance of the European Sustainable Finance Disclo- sure Regulation? On 10 March 2020, the Sustainable Fi- nance Disclosure Regulation (SFDR) came into force¹ to: – Redirect capital flows towards sustaina- ble investments Favouring a sustaina- ble and inclusive growth.

– Integrate sustainability into risk management.

– Promote transparency and long-term nature of financial and economic activities.

The basis: The United Nations’ 17 Sus- tainable Development Goals (SDGs) The regulation is based on the 17 SDGs formulated by the United Nations in 2015². These goals also include the key conventions of the Paris Agreement aim- ing at counteracting the dangerous change in climate conditions. On the basis of these targets the Europe- an Union adopted the Green Deal com- prising several climate and energy goals including:

– The reduction of greenhouse gas emis- sions by 40% by 2030, compared to 1999.

– An increase of the share of renewable energy by 27%.

Sustainable investments: Various strat- egies and a common goal More and more people want to integrate sustainable criteria into their investment decisions. Sustainable investments can pursue different objectives – the reduc- tion of risks, the exploration of alpha-gen- eration-potentials or the unfolding of ben- eficial social and environmental effects.

Following the SFDR there are in principle three distinguishable product categories: 1. Products that do not promote environ- mental or social characteristics and that do not pursue any sustainable goal (arti- cle 6 of the SFDR) 2. Products that promote environmental or social characteristics (ESG criteria like the exclusion of producers of controver- sial weapons, fair working conditions and workers’ protection measures) (article 8 of the SFDR) 3. Products that pursue a measurable sus- tainable goal and provide a financial added value (article 9 of the SFDR).

Sustainable investments pay off Allianz Global Investors is committed, as an active manager with a long-term out- look, to actively safeguard the clients’ in- terests. For a number of funds, Allianz Global Investors will set the bar even higher to support the company’s and cli- ents’ ambitions on addressing change. Al- lianz Global Investors recognizes the ur- gency of this global challenge and the power of the so-called engagement-ap-

proach (active perception of investors’ in- terests in a critical dialogue with companies). With the newly established approach “Cli- mate Engagement with Outcome” (result- oriented climate engagement) Allianz Global Investors therefore demands and fosters the transition pathway towards a low carbon economy. From now on, the company will engage in a critical dialogue with the 10 largest CO₂ emitters in each portfolio (Scope 1 and 2) to work together, for example, towards a reduction in greenhouse gas emissions. Sustainable investments in future-orien- tated companies that use their high inno- vation potential to make the energy and the soils we use and the air we breathe cleaner or that make water and other vital resources available for all, are invest- ments in a world we all love to live in. Now and in the future. Allianz Global Investors integrates envi- ronmental and social engagement and its responsibility for finances in its sustaina- ble investments. The overall goal is to achieve a full climate neutrality of the EU by 2050. Achieving these objectives re- quires joint actions and efforts. The finan- cial sector plays a central and crucial role here and bears a special responsibility: af- ter all, financing is a decisive factor in en- suring a quick and consistent incorpora- tion of sustainability criteria into economic, operational and company decisions.

Learn more at –

Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector. 1) The implementation status of the sustainable finance disclosure regulation is based on the current understanding of the regulation and is subject to change as the level 2 requi- rements are not published yet and feedback from European Supervisory Authorities (ESAs) on product classification is outstanding. 2) Allianz Global Investors supports the United Nations Sustainable Development Goals (SDGs) The UN Sustainable Development Goals, established in 2015, are 17 global goals aiming to guide the path of sustainable development in the world. The Paris Agreement is a legally binding international treaty on climate change. It was adopted by 196 Parties at COP 21 in Paris, on 12 December 2015 and entered into force on 4 November 2016. This is a marketing communication issued by Allianz Global Investors GmbH,, an investment company with limited liability, incorporated in Germany, with its registered office at Bockenheimer Landstrasse 42-44, 60323 Frankfurt/M, registered with the local court Frankfurt/M under HRB 9340, authorised by Bundesanstalt für Finanz- dienstleistungsaufsicht ( Allianz Global Investors GmbH has established a branch in the United Kingdom, Allianz Global Investors GmbH, UK branch, 199 Bi- shopsgate, London, EC2M 3TY,, deemed authorised and regulated by the Financial Conduct Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website (www. Details about the extent of our regulation by the Financial Conduct Authority are available from us on request. Admaster: 1575312

30 | portfolio institutional | April 2021 | issue 102

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