By focusing on the carbon emissions and energy efficiency of the buildings within the Allianz real estate portfolio, PIMCO Prime Real Estate is taking tangible steps to create attractive places for the communities that live and work in them.
"The sustainability journey will be long and complex involving hundreds of buildings in Europe, Asia-Pacific and the U.S. as well as multiple stakeholders – investors, partners, tenants and borrowers, and of course, our employees. We move forward now with great passion and a very dedicated team."
Our sustainability integration approach is broken down into these overarching themes:
ESG considerations are an integral part of our decision-making process. Our primary focus is on carbon emissions and energy efficiency, but we also look at governance and social and well-being standards. For the carbon emissions, we use CRREM data as scientific and independent approach. Under CRREM, our investments are analysed against the 1.5°C climate target, and emission pathways are defined for our decarbonisation targets.
We strive to embed sustainability in all areas of our organization. This includes measuring and reducing our consumption of resources such as electricity, water and paper, and travel policies to reduce our corporate carbon footprint.
Key to improving our portfolio is the decarbonization of our direct investments which equate to half of Allianz´s real estate investment portfolio. By improving the energy efficiency and replacing traditional energy sources with low-carbon alternatives we are transforming these buildings for the future.
We look to inspire and influence our partners and tenants to follow our lead and take an active role to bring about change. By promoting sustainable and environmentally friendly behaviors and services, by implementing them as an integral part of our processes and contracts, and by making the right joint decisions, together we can take tangible steps in the transition to a low-carbon economy.
Our approach to integrating sustainability into the investment cycle
Developed jointly between PIMCO Prime Real Estate and Allianz Climate Solutions, the Sustainability Policy incorporates the latest industry recommendations by the Finance Initiative of the United Nations Environment (UNEP FI), Framework for Sustainable Real Estate Investment and the G20 Financial Stability Board’s Task Force on Climate-Related Financial Disclosure (TCFD). The policy outlines our approach to integrating sustainability considerations into the business processes throughout the investment cycle of the assets within Allianz’s global real estate portfolio.
When introducing a property investment opportunity to PIMCO Prime Real Estate you acknowledge that we are under no obligation to accept your introduction or enter into any agreement with you. Fees, commission or other payments in respect of introductions shall only be payable where there is a signed written agreement to that effect entered into between PIMCO Prime Real Estate and the introducer. By submitting an introduction to PIMCO Prime Real Estate you shall be deemed to have accepted the aforementioned terms.
"PIMCO Prime Real Estate” is a PIMCO company that includes PIMCO Prime Real Estate GmbH, PIMCO Prime Real Estate LLC, and their subsidiaries and affiliates: PIMCO Prime Real Estate GmbH (Company No. 158768, Seidlstrasse 24–24a, 80335 Munich, Germany), PIMCO Prime Real Estate GmbH Belgium Branch (VAT No. BE 0841.512.711, Boulevard Roi Albert II, 32, 1000 Brussels, Belgium), PIMCO Prime Real Estate GmbH France Branch (SIRET No. 509 339 669 00053, 50-52 Boulevard Haussmann, 75009 Paris, France), PIMCO Prime Real Estate GmbH Italy Branch (Numero REA MI-2107576, Piazza Tre Torri, 3 20145 Milano, Italy), PIMCO Prime Real Estate GmbH Spain Branch (NIF W2760686B, Paseo de La Castellana, 200 Edificio Spaces, 28046 Madrid, Spain), PIMCO Prime Real Estate GmbH Sweden Branch (VAT No. SE516411865401, Norrlandsgatan 18, 111 43 Stockholm, Sweden), PIMCO Prime Real Estate GmbH UK Branch (Company No. FC036236, 11 Baker Street, London W1U 3AH, United Kingdom), PIMCO Prime Real Estate Asia Pacific Pte Ltd (UEN 202000233H, 12 Marina View #17-02 Asia Square Tower 2, Singapore 018961), PIMCO Prime Real Estate (Shanghai) Co, Ltd (Company No. 91310115MA1K4KBT0L, Shanghai IFC, 8 Century Avenue, Pudong, Shanghai 200120, People’s Republic of China), PIMCO Prime Real Estate Japan GK (Company No. 0104-03-022895, 1-6-2 Marunouchi, Chiyoda-ku, Tokyo 100-0005, Japan), PIMCO Prime Real Estate LLC (File No. 5234055, 1633 Broadway, New York, NY 10019-6999, USA). PIMCO Prime Real Estate LLC is a wholly-owned subsidiary of Pacific Investment Management Company LLC, and PIMCO Prime Real Estate GmbH and its affiliates are wholly-owned by PIMCO Europe GmbH. PIMCO Prime Real Estate GmbH operates separately from PIMCO. PIMCO Prime Real Estate LLC investment professionals provide investment management and other services as dual personnel through Pacific Investment Management Company LLC.
PIMCO Prime Real Estate is a trademark of PIMCO LLC and PIMCO is a trademark of Allianz Asset Management of America LLC in the United States and throughout the world.