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Allianz SE

PRI reporting framework 2017

You are in Strategy and Governance » Implementation not in other modules

Implementation not in other modules

SG 12. ESG issues in strategic asset allocation (Not Completed)


SG 13. Long term investment risks and opportunity (Not Completed)


SG 14. Allocation of assets to environmental and social themed areas

New selection options have been added to this indicator. Please review your prefilled responses carefully.

14.1. Indicate if your organisation allocates assets to, or manages, funds based on specific environmental and social themed areas.

14.2. Specify which thematic area(s) you invest in, indicate the percentage of your AUM in the particular asset class and provide a brief description.

Area

% of AUM

Brief description and measures of investment

Allianz is one of the leading private investors in renewable energy, with more than EUR 4.6 billion invested.

We see renewables as an investment opportunity with an attractive risk-return profile and are expanding our investments. Investments in renewable energy projects provide sound long-term returns, which fits well with Allianz’s long-term investment strategy.

% of AUM

Brief description and measures of investment

For our real estate investments, we have a separate Allianz Real Estate ESG Group Policy based on the ESG Functional Rule and the Group’s PRI commitments.. Furthermore, Allianz Real Estate (ARE) has had a Sustainability Program in place for the last five years which aims to: create transparency through reporting by introducing common metrics such as property-related consumption and the sustainability performance of the real estate portfolio;

improve communication between ARE and tenants to improve sustainability performance, include property-specific sustainability strategies into asset business plans (such as green leases and environmental certifications); and measure, collect and report building information, implement improvements and suggest measures to further optimize sustainability performance.

ARE also applies the Green Rating system, a consistent approach to assessing, benchmarking and improving the environmental performance of buildings. The system was established by Green Rating Alliance, a European association of real estate owners, investors and other stakeholders, and covers six areas: energy, carbon, water, transport, wellbeing and waste.

Currently Allianz Group has invested EUR 3.9 billion in certified green buildings.

% of AUM

Brief description and measures of investment

We are also investing in other projects that can contribute to a low-carbon economy. For example, over four years, we have invested in low-carbon projects, generating certificates that can be used to offset our carbon footprint and become a carbon-neutral business. These Reducing Emissions from Deforestation and Degradation (REDD+) investments in Kenya, the Democratic Republic of the Congo and Indonesia are projects that not only generate CO2 certificates, but also help protect biodiversity and support local communities.

% of AUM

Brief description and measures of investment

Allianz comitted USD 0.3 billion to affordable housing project in the US (Low Income Housing Tax Credit program).

% of AUM

Brief description and measures of investment

Allianz invested EUR 0.3 billion into the Thames Tideway Tunnel Project, an under-construction 25 km tunnel through central London, which will provide capture, storage and conveyance of almost all the combined raw sewage and rainwater discharges that currently overflow into the river. The main objectives of the project are to:

  • Protect the ecology of the Tideway
  • Reduce aesthetic pollution due to sewage-derived litter
  • Protect the health of recreational water users
     
          Green bonds
        
% of AUM

Brief description and measures of investment

EUR 0.9 billion of Allianz Investments are part of the Barclays MSCI Global Green Bond Index, which means that 90% of proceeds, as measured by revenues, fall within five eligible environmental categories: Alternative Energy, Energy Efficiency, Pollution Prevention & Control, Sustainable Water, Green Building

14.3. Additional Information [Optional]

          
        

SG 15. ESG issues for internally managed assets not reported in framework (Not Applicable)


SG 16. ESG issues for externally managed assets not reported in framework (Not Completed)


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