Allianz Global Investors has increased the value of its ESG funds from 25bn to 165 bn euros over the past three years.

AllianzGI’s latest sustainability report also says that sustainably managed assets grew by 14% in 2019 with the firm adopting 28 new sustainability strategies for its funds.

Tobias Pross, CEO of Allianz Global Investors, said in the report, “with the advent of the UN Sustainable Development Goals, we play a critical role in directing funds towards investments that support and enable these targets. As a leading investor in alternatives investments, we can also identify and access opportunities in private-market investments – including renewable energy – that are at the frontier of change on the journey towards a more sustainable future.”