Sustainable Investing Report

Explore our latest thinking on sustainability with case studies and key topical features.

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Our Industry-Leading Approach

Time Tested

Our active ESG investment process takes the same rigorous approach applied to all PIMCO portfolios a step further by also pursuing sustainability objectives.

PIMCO’s Capabilities

We aim to be a leading sustainable investment solutions provider

$559B

Assets under management in sustainability strategies

Over 75%

PIMCO's firm-wide market value in corporate assets engaged on ESG topics (in 2022)

Sustainable Investing Report and Policy Statements

Annual Sustainable Investing Report

Case studies of engagement with bond issuers, industry groups, and clients.

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PIMCO Sustainable Investment Policy Statement

Leadership in sustainable investing is essential to deliver on our clients’ financial objectives while sustainable long-term economic growth is essential to maintain healthy markets.

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More Resources

ESG Bonds 101

An educational overview of the ESG Bond market including green, social, and sustainability-linked bonds

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PIMCO Statement on Human Rights

This statement outlines PIMCO’s approach to human rights with respect to the firm’s employees, vendors and investments.

Read Now about the PIMCO Statement on Human Rights

Guidance for Corporate Sustainable Bond Issuance

PIMCO’s ESG (environmental, social, and governance) analyst team outlines the following best practices for issuers of green, social, sustainability or sustainability-linked bonds.

Read Now Guidance for Corporate Sustainable Bond Issuance

Disclosures

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Licensed by the Securities and Futures Commission for Types 1, 4 and 9 regulated activities under the Securities and Futures Ordinance. PIMCO Asia Limited (Suite 2201, 22nd Floor, Two International Finance Centre, No. 8 Finance Street, Central, Hong Kong) is registered as a cross-border discretionary investment manager with the Financial Supervisory Commission of Korea (Registration No. 08-02-307). The asset management services and investment products are not available to persons where provision of such services and products is unauthorised.

1 As of 31 December 2023. The figure includes Third party and Allianz AUM with strategies that include (i) minimum standards that refine the investment opportunity set based on client directed exclusions criteria (“exclusionary” portfolios); (ii) a focus on enhancing the sustainable characteristics of the portfolio in comparison to its investment universe (“enhanced” portfolios) or (iii) a focus on achieving a specific environmental/ social objective in addition to a financial objective (“thematic” portfolios).

2 About 75% of PIMCO’s firm-wide market value of corporate issuers engaged on ESG topics from Jan 1-Dec 31, 2022. Includes all engagements conducted by ESG and credit analysts. Calculated as % by par-adjusted AUM as of 31 December 2022. Corporate issuers are credits covered by PIMCO’s corporate analyst team.

All investments contain risk and may lose value. Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and low interest rate environments increase this risk. Reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed.

PIMCO is committed to the integration of Environmental, Social and Governance ("ESG") factors into our broad research process and engaging with issuers on sustainability factors and our climate change investment analysis. At PIMCO, we define ESG integration as the consistent consideration of material ESG factors into our investment research process with the goal of enhancing our clients' risk-adjusted returns. Relevant factors may include, but are not limited to: climate change risks, resource efficiency, natural capital, human capital management, human rights, regulatory risks, and reputation risk at an issuer. Further information is available in PIMCO's Sustainable Investment Policy Statement.

ESG investing is qualitative and subjective by nature, and there is no guarantee that the factors utilized by PIMCO or any judgment exercised by PIMCO will reflect the opinions of any particular investor, and the factors utilized by PIMCO may differ from the factors that any particular investor considers relevant in evaluating an issuer's ESG practices. In evaluating an issuer, PIMCO is dependent upon information and data obtained through voluntary or third-party reporting that may be incomplete, inaccurate or unavailable, or present conflicting information and data with respect to an issuer, which in each case could cause PIMCO to incorrectly assess an issuer's business practices with respect to its ESG practices. Socially responsible norms differ by region, and an issuer's ESG practices or PIMCO's assessment of an issuer's ESG practices may change over time. There is no standardized industry definition or certification for certain ESG categories, for example "green bonds"; as such, the inclusion of securities in these statistics involves PIMCO's subjectivity and discretion. There is no assurance that the ESG investing strategy or techniques employed will be successful. Past performance is not a guarantee or reliable indicator of future results.

PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. Individual investors should contact their own financial professional to determine the most appropriate investment options for their financial situation. This material contains the opinions of the managers and such opinions are subject to change without notice. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO is a trademark of Allianz Asset Management of America LLC in the United States and throughout the world. ©2023, PIMCO.

CMR 2022-0204-2024840