• The Sea Cleaners’ focus on ocean preservation and pollution
  education a natural fit with AllianzGI’s commitment to Sustainability
• Five-year partnership will offer engagement opportunities for
  AllianzGI’s clients and colleagues, and support the launch of ‘The
  Manta’, a revolutionary new ship, combining several renewable
  technologies to reduce its carbon footprint, capable of collecting
  10,000 tonnes of plastic macro-waste a year

LONDON–(BUSINESS WIRE)–Allianz Global Investors, one of the world’s leading active investment
managers, announced today that it has entered into a five-year
partnership with The Sea Cleaners, a new project designed to combat
plastic pollution in the world’s oceans. AllianzGI’s support for The Sea
Cleaners is a natural fit with the firm’s commitment to Sustainable
investing, with the partnership also set to open up new engagement
opportunities for AllianzGI’s colleagues and clients, many of whom are
already actively working to combat plastic waste.

Partnering with AllianzGI will support the development of ‘The Manta’,
The Sea Cleaners’ giant new waste collection ship. Measuring in at 70
metres long, 49 metres wide and 61 metres high, The Manta is expected to
take to the seas in 2022. It will use state-of-the-art technology to
collect plastic macro-debris in high density areas like coastlines and
estuaries before they break up and disperse and irreversibly damage
bio-diversity. As well as mass collecting discarded plastic, the ship,
powered by wind turbines, solar panels and automized rigs, will conduct
cutting-edge scientific research, with The Sea Cleaners providing open
source data. One energy recovery unit will also convert non-recyclable
plastics to run the ship and the on-board factory.

On land, The Sea Cleaners work to raise awareness among future
generations of the harm caused by plastic pollution through a wide range
of activities in schools and fairs. As part of this new partnership,
AllianzGI colleagues will have the chance to participate in events with
The Sea Cleaners’ team focused on reducing plastic pollution and leaders
from The Sea Cleaners will attend and support AllianzGI’s range of
Sustainability events.

Thorsten Heymann, Global Head of Strategy at AllianzGI, said:

”A shocking 9 million tonnes of plastic are dumped in the ocean every
year – that’s about 300kg per second. As an active, long-term investor,
with sustainable investing in our DNA, we want to play an active role in
combatting the scourge of plastic pollution, a common cause we share
with The Sea Cleaners. Together, we can help protect the oceans for
future generations.

“This partnership is something we are passionate about for two
reasons: firstly, it resonates with a critical part of our value
proposition for clients, reflecting our desire to take a truly holistic
approach to investing sustainably: and secondly, the joint journey will
provide new ways for our colleagues and clients to engage with a topic
that we know they care about a great deal.”

Yvan Bourgnon, President-Founder of The Sea Cleaners, said:

“Ocean plastic pollution is an ecological catastrophe and we are
delighted to make this partnership with AllianzGI, because their values
and sustainability scope are very closely aligned with ours. Innovation,
international and long-term action, sustainable development,
biodiversity protection, education: let’s put people back at the heart
of important ecological challenges. We are proud to work on this
exciting mission and to build together a story about saving the oceans
with a partner like AllianzGI.”

As part of a drive to reduce plastic use across its global business,
AllianzGI is running internal campaigns to reduce its use of single-use
plastics including introducing ‘Plastic Free Tuesdays’ in its London
office, while colleagues have also taken part in beach clean-up
exercises at Baker Beach in San Francisco, Lamma Island in Hong Kong and
Taiwan’s ‘Coastal Cleanup’. AllianzGI’s Hong Kong office was recently
awarded the “Hong Kong Green Organisation Certification” in recognition
of its active participation in adopting various environmental practices,
including reducing its use of plastics, and promoting a green workplace.

AllianzGI is a pioneer in Sustainable investing. For the last two years,
AllianzGI has received an A+ for its overarching approach to ESG
Strategy and Governance from the Principles for Responsible Investment
(PRI). AllianzGI recently appointed Beatrix Anton-Groenemeyer as its
first Chief Sustainability Officer. This new role, which reports
directly to CEO Andreas Utermann, further underscores the importance of
sustainability to AllianzGI and its clients.

All of AllianzGI’s EUR 535bn of Assets under Management are ESG
(Environmental, Social & Governance) informed, with AllianzGI’s
highly-developed, active programme of engagement, stewardship and
proprietary research available to all investment professionals across
AllianzGI. AllianzGI is committed to, and in the process of, embedding
ES&G factors across all of its investment strategies, with Integrated
ESG already applicable to EUR 118bn of the assets AllianzGI manages. In
addition, as well as managing EUR 22bn in dedicated SRI strategies,
AllianzGI manages around EUR 6bn of impact investments.

About Allianz Global Investors

Allianz Global Investors is a leading active asset manager with over 770
investment professionals in 25 offices worldwide and managing more than
EUR 535 billion in assets for individuals, families and institutions*.

Active is the most important word in our vocabulary. Active is how we
create and share value with clients. We believe in solving, not selling,
and in adding value beyond pure economic gain. We invest for the long
term, employing our innovative investment expertise and global
resources. Our goal is to ensure a superior experience for our clients,
wherever they are based and whatever their investment needs.

Active is: Allianz Global Investors

*Data as at 31 March 2019

About The Sea Cleaners

Created in 2016 by the skipper Yvan Bourgnon, The Sea Cleaners is a
general interest association looking after the preservation of the
oceans. The Sea Cleaners teams are dedicated to the reduction of plastic
pollution, and they have a preventive and corrective vision, acting both
on land and at sea. To succeed in this challenge, they have launched an
innovative project : The Manta ship will be the first ocean going vessel
capable of collecting and mass-treating floating ocean waste before it
breaks up. Observer Member of the UN Environment, and supported by the
Albert Foundation of Monaco, the association The Sea Cleaners has set
objectives that revolve around four areas : Environment, Circular
economy, Education and Science.

Disclaimer

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Contacts

Alastair Fairbrother
Tel. 44 020 3246 7432

Sarah Einig
Tel. 44 020 3246 7846

Vivi McDuell
Tel. 44 020 3246 7251

Email: [email protected]

David Taieb
Tel 33 661 558 401
Email: [email protected]

Antoine Rodat
Tel 33 664 626 958
Email: [email protected]