Newport Beach, California (October 16, 2019) – PIMCO, one of the world’s premier fixed income investment firms, has joined the United Nations’ Global Investors for Sustainable Development (GISD) Alliance, along with 29 other private sector organizations.
The GISD, launched today by UN Secretary-General António Guterres, consists of 30 CEOs who will focus on accelerating long-term investment into sustainable development. In partnership with investors, governments and multilateral institutions around the world, the GISD will deliver concrete solutions to scale-up long-term finance and investment which will specifically contribute to the realization of the UN’s Sustainable Development Goals (SDGs).
"Trillions of dollars are needed to bridge the funding gap between where we are now, and where we need to be to achieve the SDGs,” said Emmanuel Roman, PIMCO’s Chief Executive Officer. “We are extremely proud to be a member of the UN Secretary-General’s GISD Alliance and look forward to working with other members to help bridge that gap.”
“Fixed income markets will play a critical role in helping to finance projects that support the realization of the SDGs,” said Scott Mather, Managing Director and PIMCO’s Chief Investment Officer of U.S. Core Strategies. “This will undoubtedly offer investors opportunities to seek positive risk-adjusted returns while also contributing to positive societal impact.”
PIMCO has been active in responsible investing for decades, launching one of the first socially responsible fixed income funds in 1991. More recently, PIMCO launched a dedicated ESG platform to meet demand from investors looking for dedicated ESG focused investment solutions.