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ESG Investing Report

Sustainable investing is entering a new era. We believe that global bond markets and fixed income investors will be a meaningful force in driving sustainable change. Read our latest views in our ESG Report.

Our Capabilities

We aim to be leader in ESG fixed income investing

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Socially responsible and ESG assets under management

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Over 80%

Holdings of corporate bond issuers engaged on ESG (in 2021)

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Scores across 4 out of the 5 relevant PRI 2021 Modules.

Related Documents

Annual ESG Investing Report
Case studies of engagement with bond issuers, industry groups, and clients.
ESG Investment Policy Statement
PIMCO’s approach to considering material ESG factors in bond markets.
Corporate Responsibility Report
Annual update on PIMCO’s progress in the critical areas of sustainability and corporate responsibility.
Guidance for Sustainable Bond Issuance - Corporate
PIMCO’s ESG portfolio management team outlines best practices for green, social, sustainability or sustainability-linked bonds.
Guidance for Sustainable Bond Issuance - Sovereign
PIMCO’s ESG portfolio management team outlines best practices for green, social, sustainability or sustainability-linked bonds.
Guidance for Sustainable Bond Issuance - Municipal
PIMCO’s ESG portfolio management team outlines best practices for green, social, sustainability or sustainability-linked bonds.


Understanding Investing
Understanding Green, Social and Sustainability Bonds
Offering a wide range of potential opportunities for active investors, sustainable bonds are an increasingly important part of global fixed income markets.
Sustainable Investing: Understanding ESG in Bonds
10 June 2019
As investors, we believe ESG fixed income – or bonds – could soon rise to a place of leadership in sustainable investing.
Understanding Investing
Can ESG Investing Drive Positive Change?
08 January 2020
As part of PIMCO’s ESG process, we believe that identifying and successfully engaging with companies that are willing to improve their ESG standing is critical for investors.

Related Insights

PIMCO’s Net Zero Framework to Decarbonize Bond Portfolios
29 September 2022
PIMCO has developed a four-pillar framework to help investors target long-term objectives to reduce portfolio exposure to greenhouse gases.
Sustainability-Linked Bonds: Coming of Age
25 October 2022
The fast-growing market for sustainability-linked bonds offers opportunities, and we believe issuers would benefit by incorporating even more ambitious performance metrics and goals.
Climate and COP27: Political Pressures, Investment Implications
30 November 2022
The recent UN Climate Change Conference helped advance initiatives important to sustainable investing, especially the global energy transition.
How can PIMCO help you?
For more information and answers to your questions, please contact us.


1 The figure includes 1) Third party ESG AUM with (i) specified ESG-linked objectives (“ESG” portfolios); or (ii) a focus on a sustainability-related theme (“thematic portfolios”). 2) third party Socially Responsible AUM (negative screened portfolios), which consists of PIMCO-sponsored funds and separate accounts with more than one client-driven values-based exclusion (“socially responsible portfolios”); and 3) Allianz ESG and Socially Responsible AUM. Source: PIMCO. As of 12/31/2022

2 Calculated as % by par-adjusted Firm AUM. Corporate issuer is defined as a non-government legal entity that develops, registers and sells securities to finance its operations. The statistic relates solely to the in-depth engagement activities by PIMCO's ESG analysts.

3 Results from PRI's 2021 reporting cycle. Reported as of December 2022. SOURCE: PIMCO, PRI.

PRI Assessment Reports are limited to signatories’ of the Principles for Responsible Investment (PRI), and consider a signatory’s responsible investment implementation across its overall investment process, among other factors. PRI Assessment scores are provided per module or asset class, with no overall organization score given. PIMCO’s scores reflect information and data reported by PIMCO to PRI in the 2021 reporting cycle (as of December 31, 2020). Please note that publication of the 2021 public transparency reports was delayed due to changes in PRI’s reporting and assessment process. PRI’s 2021 scoring methodology has changed to reflect the new Reporting Framework. Scores for the 2021 reporting cycle are not comparable to previous years. Prior to 2021, PRI assessments were awarded scores based on a scale from A+ to E, with A+ being highest score and E being the lowest. PRI Assessments awarded from 2021 onward are based on a scale of 1-5 Stars. 1 Star being the lowest score, 5 Stars being the highest. For 2021 Methodology and an overview of the PRI Reporting Framework, please refer to For additional information regarding how PRI assesses signatory reporting, please refer to

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, which may include, but are not limited to, climate change risks, diversity, inclusion and social equality, regulatory risks, human capital management, and others. Further information is available in PIMCO's Environmental, Social and Governance (ESG) Investment Policy Statement.