UN calls for action on Sustainable Development – Allianz co-chairs initiative to bring investor know-how to the table

Today, Secretary General of the United Nations António Guterres announced the Global Investors for Sustainable Development Alliance (GISD) initiative at the UN Headquarters. The initiative aims to leverage finance- and investment  know-how that will foster the 2030 Development Agenda of the United Nations. The initiative is co-chaired by Oliver Bäte, CEO of Allianz SE, and Leila Fourie, CEO of the Johannesburg Stock Exchange, and includes the CEOs of Bank of America, PIMCO, Santander, UBS and other prominent international corporations.

The UN 2030 Agenda is a commitment of the 193 UN member states to align economic growth with social and ecological needs in order to ensure good living standards for  future generations. According to the UN, achieving the Sustainable Development Goals (SDGs) requires substantial financing in sectors such as health, education, transportation, and climate change. Close collaboration of the private and public sectors, in both developing and developed countries, will be key to achieving the SDGs.

“As responsible companies, we can create long-term value by embedding sustainability into our core business. Investing in the stable development of societies across the globe is not only the right thing to do, it also provides economic opportunities,” said Oliver Bäte. “We are convinced that investments in emerging markets can foster sustainable growth without losing sight of our customers’ interests.”

GISD members commit to actions such as establishing partnerships to strengthen relations between investors, governments and multilateral institutions that foster scalable investment opportunities in developing countries. They will also roll-out and promote the use of innovative financing facilities and tools that enhance the risk-return profile of investments in sustainable development, including in sectors and countries where investment is most needed. 

For several years Allianz has been investing in emerging markets and infrastructure, building  reliable partnerships with development banks and multilateral institutions:

In October 2016, the Allianz Group and the International Finance Corporation (IFC), a member of the World Bank Group, signed a partnership under the Managed Co-Lending Portfolio Program. Under the agreement, Allianz intends to make an investment of $500 million which will be co-invested alongside IFC debt financing for infrastructure projects in emerging markets worldwide.

In April 2018, Allianz financed African infrastructure projects by investing in the Emerging Africa Infrastructure Fund (EAIF). Allianz committed 75 million euros and $25 million to the EAIF, in order to benefit from the growth potential of African economies. This creates value for Allianz’s insurance customers and fits into the international investment strategy of the Allianz Group.

The Allianz Group is one of the world's leading insurers and asset managers with more than 100 million* private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 790 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage 1.7 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are amongst the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2020, over 150,000 employees achieved total revenues of 140 billion euros and an operating profit of 10.8 billion euros for the group.

These assessments are, as always, subject to the disclaimer provided below.

*Including non-consolidated entities with Allianz customers.

Press contacts

Anja Rechenberg
Allianz SE
Christiane Hach
Allianz SE
As with all content published on this site, these statements are subject to our cautionary note regarding forward-looking statements:

Further information

Allianz sets climate targets for specific asset classes in the insured portfolio and strategically expands sustainability

Allianz announces for the first time concrete interim targets for reducing greenhouse gas emissions in its investment portfolio of policyholder funds, implementing its stated goal of climate neutrality by 2050. By 2025, emissions for selected asset classes in the portfolio of customer funds are to be reduced by 25 percent compared to 2019.

Asset Owner Alliance: Towards Net-Zero 2050

The UN-convened Net-Zero Asset Owner Alliance (AOA), of which Allianz is a founding member, has set its first target range for portfolio decarbonization until 2025. What role does this alliance aim to play in the world economy and what is the way forward?

UN calls for action on Sustainable Development – Allianz co-chairs initiative to bring investor know-how to the table

United Nations Secretary General António Guterres has announced the Global Investors for Sustainable Development Alliance (GISD) initiative at the UN headquarters. The initiative is co-chaired by Oliver Bäte, CEO of Allianz SE, and Leila Fourie, CEO of the Johannesburg Stock Exchange.