Allianz Global Investors

Sustainability and Stewardship Report 2023

Shaping sustainability,
delivering change

Welcome to the Allianz Global Investors Sustainability and Stewardship Report 2023.

Against the backdrop of a changing world, our vision is to make sustainability tangible and target real-world solutions for clients and other stakeholders.

To succeed as an active sustainable investor and as a responsible business, we believe in embedding sustainability throughout our business. Read about our progress in the past year.

Sustainability and Stewardship Report downloads:

Snapshot: three-page summary

Full report

Our 2023 sustainability highlights at a glance

All data as at 31 December 2023

* ESG risk-assessed is not considered sustainable according to the EU Sustainable Finance Disclosure Regulation. “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).

** Based on 2025 targets

Our progress in 2023

We have continued to focus on providing our clients with pragmatic solutions for real-world change.

Three key dimensions are core to this:


Generating strong investment returns while meeting sustainable objectives.


Sustainable product growth and best-in-class business conduct.


Fostering a fulfilling work environment.

Looking ahead, we expect the following macro trends to shape the sustainability outlook for 2024:

  • The changing political agenda could lead to delays in the financing and implementation of climate transition plans.
  • Biodiversity is set to take centre stage, with new frameworks and regulations accelerating the integration of this issue into investment processes.
  • Developments in regulation and in the concept of transition will likely see a greater focus on transition finance for the EU and UK.

2023 milestones:

  • Active management of greenhouse gas emissions (GHG) as a key performance indicator across 40 funds, while also seeking attractive returns.
  • Enhanced our ESG reporting – with carbon statistics and regulatory driven parameters.
  • Implemented our impact framework – across a range of private market assets.
  • New engagement module in our Sustainability Insights Engine (SusIE) providing increased data accessible to all investment professionals.
  • Published our first biodiversity policy statement.
  • Expanded our internal collaboration across thematic, sector and issuer research, stewardship analysts, and sustainability methodologies and analytics specialists.
  • Achieved industry recognition for our private markets activities and thought leadership.

2023 milestones:

  • 481 active engagements with 374 companies, vs 438 engagements with 355 companies in 2022.
  • Engaged with companies in 32 locations, up from 28 in 2022.
  • Voted at 9,137 shareholder meetings on over 100,000 shareholder resolutions.
  • Broader and deeper engagements around priority topics: climate, biodiversity and human rights.
  • Holding directors accountable and selectively pre-announcing our votes were key priorities in our voting strategy.

2023 milestones:

  • Achieved a 57% reduction in GHG (tCO2e) per employee as part of our achievement of all environmental key performance indicators, measured against our 2025 targets.
  • Employee engagement at its highest level for eight years, as measured in our firmwide survey.
  • In attraction and retaining diversity of talent, our workforce now represents 79 nationalities, up from 66 in 2022.
  • Doubled employee volunteering hours to over 1,600 compared to 2022.
  • Rolled out our global corporate citizenship programme to empower employees to support both local communities and global causes.

All data as at 31 December 2023

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