AllianzGI Joins One Planet Asset Managers Initiative

Posted on 10/05/2021

The One Planet Asset Managers (OPAM) initiative was launched in 2019 to support the members of the One Planet Sovereign Wealth Funds (OPSWF) in their implementation of the OPSWF Framework. The OPSWF Network comprises 43 of the world’s largest institutional investors with over US$ 36 trillion in assets under management and ownership. Allianz Global Investors (AllianzGI), part of Allianz SE, joined OPAM.

Tobias Pross, CEO of Allianz Global Investors commented in a press release, “Partnering with clients to tackle the most pressing sustainability issues and create a better future for all is at the heart of what we do. We are proud to be the first German investor to be joining the OPAM. We are committed to advance the understanding of the implications of climate-related risks and opportunities within long-term investment portfolios through the sharing of investment practices. AllianzGI looks forward to contributing to the work of the One Planet Initiatives given our experience in climate finance through our investment process, strong stewardship policy, and investment solutions that contribute positively to the alignment of an asset owner’s portfolio to a low carbon economy.”

The One Planet Sovereign Wealth Fund Framework has set out three principles to accelerate the integration of climate change analysis into the management of large, long-term and diversified asset pools:

Principle 1: Alignment: Build climate change considerations, which are aligned with the SWFs’ investment horizons, into decision-making.

Principle 2: Ownership: Encourage companies to address material climate change issues in their governance, business strategy and planning, risk management and public reporting to promote value creation.

Principle 3: Integration: Integrate the consideration of climate change-related risks and opportunities into investment management to improve the resilience of long-term investment portfolios.

    Get News, People, and Transactions, Delivered to Your Inbox