AllianzGI joins Net Zero Asset Managers initiative

Written by Adam Cadle

29/03/2021

AllianzGI has joined the Net Zero Asset Managers Initiative.

As part of the initiative, AllianzGI is committed to work in partnership with asset owner clients on decarbonisation goals, consistent with an ambition to reach net zero emissions by 2050 or sooner across all assets under management; set an interim target for the proportion of assets to be amanged in line with the attainment of net zero emissions by 2050 or sooner; and review its interim target at least every five years, with a view to ratcheting up the proportion of AUM covered until 100% of assets are included.

“Climate change is one of our planet’s most pressing challenges, and AllianzGI believes that asset managers should take a more active role,” Allianz Global Investors CEO Tobias Pross stated.

“Following our recent announcement of our new stewardship approach: Climate engagement with outcome, aimed at engaging with companies on the climate transition pathway towards a low carbon economy, we are pleased to be joining the Net Zero Asset Managers initiative. This is another milestone in our sustainability pathway, that complements the commitment made by Allianz Group in 2019.”

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