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.

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.

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Sponsorships and Partnerships

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Our history

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Allianz Global Investors

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