Allianz Global Investors (AGI), which manages our investment funds, is a signatory to the United Nations Principles for Responsible Investment (UNPRI) and therefore incorporates ESG issues into its investment decision-making.
As a large investor, we understand that considering environmental, social and corporate governance (ESG) issues is essential to achieving our climate goals.
€139.6 billion
Allianz Global Investors manage €139.6bn of third party assets with ESG themed strategies.
€7 billion
In 2022 we invested €7bn in renewable energy assets.
€5.6 billion
In 2022 we invested €5.6bn in green buildings assets.
€131.4 billion
In 2022 we increased our proprietary investments by €8.4bn compared to 2021, now having a total of €131.5bn in sustainable investments.
We support the global transition to clean energy by investing in sustainable projects and no longer investing in those that hinder innovation. Our ambition is to transition our global proprietary investment portfolio to net-zero by 2050.
We have a mandatory ESG screening process for all non-listed investments in real estate, infrastructure and non-listed corporations and apply an ESG scoring process to all listed assets.
We also apply exclusions to certain sectors from our portfolios, including controversial weapons, coal based business models, human rights concerns and oil and gas business models.
Global Case Study:
DECARBONISING OUR INVESTMENTS
Allianz hasn’t financed coal-based business models since 2015; no new investments have been allowed, equity stakes have been divested and fixed income investments made before 2015 are in run-off.
The exclusion thresholds for the energy generation share from coal power plants and the revenue share from coal mining will be tightened over time. We will strengthen the thresholds from the 30% in place since 2015 to 0% by 2040 the latest. As of December 31, 2022, we will reduce our thresholds to 25%.1
In May 2018, we announced a further commitment to expand the scope of coal exclusions. We currently exclude companies involved, either directly or through entities they control (indirectly, minimum of 20% stake), in coal based business models, which are defined as follows:
Energy generation from coal
- Companies deriving 30% or more of their revenues from mining thermal coal, and/or planning more than 0.5 gigawatts (GW) of thermal coal capacity additions2 which are not in line with the 2°C threshold and/or
- having to retire3 more than 50% of their generation capacities in the next ten years to be in line with the 2°C ceiling.
Coal mining
- Companies deriving 30% or more of their revenues from mining thermal coal.
