Allianz Global Investors
Allianz Global Investors is a global investment management firm with more than 20 offices globally across the Americas, Europe, and Asia-Pacific. It joined the Net Zero Asset Managers Initiative on 29 March 2021 and its initial target disclosure was published on 1 May 2022.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
12% of total AUM (USD $88 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
Portfolio decarbonisation reference baseline
Baseline year performance is defined at portfolio level, with progress to be regularly measured.
Target(s):
Portfolio decarbonisation reference target
Listed equity and corporate bonds: 25% reduction in carbon intensity by the end of 2024
Portfolio coverage target
Direct infrastructure equity: 28% absolute emission reduction by the end of 2025
• Our target is to grow portfolio share of low emitting (i.e. low greenhouse gas emission intensity) and EU Taxonomy eligible assets.
• The low / medium / high greenhouse gas (GHG) emission categories are based on
the GHG emissions intensity of each company.
GHG scopes included:
We use Scope 1 and 2 in our carbon targets. We intend to
include Scope 3 progressively over time.
Methodology:
Net Zero Asset Owner Alliance Target Setting Protocol
Scenario(s):
The IPCC special report on global warming of 1.5°C. 25% reduction by
2025 aligns linearly with the 50% reduction by 2030.
Additional information
Proportion of AUM committed:
The first interim targets on listed equity, corporatedebt and direct infrastructure equity and debt are those set by Allianz Group for its proprietary assets based on the Group’s commitment as a member of the UN-convened Net Zero Asset Owner Alliance. Part of the Allianz proprietary assets are managed by Allianz Global Investors, which corresponds to the above reported share of AUM.
At Allianz GI we are committed to continuously working on our net-zero commitment. In the near future we will increase the scope of our assets and set intermediate targets for our third-party assets in line with our NZAM commitment. We will continue to actively engage with our institutional clients and distributors on integrating net zero objectives in their investment mandates and into our mutual funds.
Policy on coal and other fossil fuel investments:
Allianz GI has a firm-wide exclusion policy, which covers thermal coal exclusion. This Policy is applicable to mutual funds for which Allianz Global Investors is acting as management company. We review our exclusions policy at least annually.
Further information:
AllianzGI key policy document and reports here. Allianz Group’s commitment and targets as a member of NZ AOA are available in its sustainability report.