PIMCO Recognized as One of the 50 Most Community-Minded Companies in the United States
Newport Beach, California (19 June, 2018) – PIMCO, one of the world’s premier fixed income investment managers, has been recognized as one of America’s most community-minded companies in the 2018 Civic 50 list. This annual initiative from Points of Light – the world’s largest organization dedicated to volunteer service – identifies the top 50 companies who invest their time, skills and other resources to improve the quality of life in the communities where they do business. PIMCO was first included in this list in 2016.
The Civic 50 winners were announced at the Points of Light Conference on Volunteering and Service in Atlanta where leaders from across sectors gathered to discuss social innovation, civic engagement and cross-sector collaboration.
“We are honored to be recognized in the Civic 50 again this year,” said Emmanuel Roman, PIMCO’s Chief Executive Officer. “We have a strong culture of service at PIMCO and believe in the transformative impact that can be achieved through giving back. To be included alongside other leading community engagement champions is something we are immensely proud of.”
“The Civic 50 truly highlights the commitment of community and civic engagement of America’s leading brands,” said Natalye Paquin, president and CEO, Points of Light. “Points of Light believes that people drive change in addressing society’s growing and most profound challenges. The business community plays an important role in creating and delivering innovative solutions that drive social good in the communities where they live and work.”
The Civic 50 winners are public and private companies with U.S. operations and are selected based on four dimensions of their community engagement:
- Investment in the local community
- Integration of community engagement into broader business functions
- Institutionalization of community engagement through organizational policies and systems
The Civic 50 survey was administered by True Impact, a company specializing in helping organizations maximize and measure their social and business value. The Civic 50 is the only survey and ranking system that exclusively measures corporate involvement in communities.
PIMCO is one of the world’s premier fixed income investment managers. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 45+ years since, we have continued to bring innovation and expertise to our partnership with clients seeking the best investment solutions. Today we have offices across the globe and 2,150+ professionals united by a single purpose: creating opportunities for investors in every environment. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.
About Points of Light
Points of Light, the world’s largest organization dedicated to volunteer service, mobilizes millions of people to take action that is changing the world. Through affiliates in more than 200 cities and partnerships with thousands of nonprofits and corporations, Points of Light engages four million volunteers in 20 million hours of service each year. We bring the power of people where it’s needed most. For more information, visit www.pointsoflight.org.
Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO's sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.