IFC and Allianz Group enter partnership for 1.5°C-aligned investments in emerging markets

Today, Allianz Group and International Finance Corporation (IFC), a member of the World Bank Group, have signed a partnership under the Managed Co-Lending Portfolio Program (MCPP). The new program, MCPP One Planet is the world’s first cross-sectoral portfolio of emerging-market loans aligned with the Paris Agreement.

The partners of the new program have joint up to create a new global platform for climate smart-investment that will provide up to $3 billion to private enterprises in developing economies. The investors’ contributions will be combined with IFC’s own funds, to scale up climate-responsible financing in emerging markets.

“Our strong partnership with IFC and other engaged investors enable us to shape programs like MCPP One Planet and contribute to climate-smart economic growth in markets at scale. Huge sums need to be invested to bring emerging markets along a Paris-aligned trajectory, and we are keen to help structure these public-private collaborations and mobilize the required capital,” explained Oliver Bäte, Chief Executive Officer of Allianz SE.

The partnership with IFC underlines Allianz Group’s leading investment expertise and clear commitment to support the global transition to a low-carbon economy across markets as well as serving the customers’ interest.

Announcing MCPP One Planet at the international climate conference COP26 in Glasgow today, IFC Managing Director Makhtar Diop said: “Expanding partnerships with some of the world’s largest investors is fundamental to scaling up financial flows to emerging markets for climate-smart solutions consistent with the goals of the Paris Agreement. MCPP One Planet will create a global model for mobilization of institutional investor financing in support of the climate agenda for the most vulnerable communities on the frontlines of climate change – in emerging and developing economies.”

The Development Finance team of Allianz Global Investors has been instrumental in building the structure and will manage the vehicle on behalf of investors. IFC will originate and administer the loans on behalf of the vehicle in addition to providing a first loss protection. Deborah Zurkow, Global Head of Investments, Allianz Global Investors added: “In 2016, together with Allianz and IFC, we set up a blueprint with the MCPP on infrastructure. Today, we are proud to extend our successful partnership to the MCPP One Planet. It is a great example for effectively scaling private capital for sustainable investing as part of our Development Finance business.”

MCPP One Planet builds on successful collaboration between IFC and Allianz Group started in 2016. Then, AllianzGI established an infrastructure debt fund that co-invested with IFC in a portfolio of loans into infrastructure projects in emerging economy.

About IFC

IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2021, IFC committed a record $31.5 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of the COVID-19 pandemic. More: www.ifc.org

The Allianz Group is one of the world's leading insurers and asset managers with 126 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 767 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage nearly 1.9 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 among the leaders in the insurance  industry in the Dow Jones Sustainability Index. In 2021, over 155,000 employees achieved total revenues of 148.5 billion euros and an operating profit of 13.4 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

Stefan Lutz
Allianz Global Investors
Anja Rechenberg
Allianz SE
As with all content published on this site, these statements are subject to our cautionary note regarding forward-looking statements:
Allianz reinforces its commitment to net-zero strategy

Allianz Group is accelerating the deployment of its climate strategy and has announced new ambitious commitments in both its core business and operations. The company will limit the greenhouse gas emissions (GHG) deriving from Allianz’s sites and activities in over 70 markets to net-zero by 2030, instead of 2050 as originally planned.

Capital markets fight against climate change

The dummy UN-Convened Net-Zero Asset Owner Alliance (AOA) released the second edition of its Target Setting Protocol (TSP) in January 2022. The TSP guides members in setting climate targets aligned with keeping global warming below 1.5°C. Allianz SE board member Günther Thallinger is Chair of the Asset Owner Alliance (AOA). 

Fighting for a future free from plastic pollution

Plastic is a threat to our oceans and seas. All life on earth depends on these important ecosystems. Action is urgently needed by governments, the business community and consumers to reduce to harm to our planet.