01 Our vision of 02 Sustainable 03 Active 04 Strengthening sustainability 05 Appendices sustainability investing stewardship in our operations 03.3 Engagement in numbers Principle 7 9 Percentage of engagements per location Europe and UK Asia Paci昀椀c Americas Germany France Europe other Switzerland China and Hong Kong Japan USA 11% 10% 8% 10% 15% 11% 12% UK 10% Spain Italy Sweden 3% 2% 2% Taiwan Asia Paci昀椀c 4% other Denmark 2% Americas other 1% 2% Other 2% Source: Allianz Global Investors, as at 31 December 2023. Engagement by geography In Europe, we engaged most frequently The locations of engagements re昀氀ect with companies in Germany, France and the main markets we invest in and the size the UK. In Asia, we continued to expand Sustainable investing is evolving across the Asia Pacific of individual holdings in those markets our engagements, with a particular – both assets under management and focus on China, Hong Kong, Japan and region. Our strong presence here includes dedicated relative share of the holding. As such, Taiwan. We have a signi昀椀cant number sustainability expertise, enabling us to think both we target issuers globally, with a focus of portfolio managers in Asia and globally and locally in supporting our clients for a on Europe, the US and our major dedicated stewardship resources, and more sustainable future.” markets in Asia. We engaged in 32 have broadened and deepened our locations globally in 2023 (2022: 28). engagement approach in this region. Desmond Ng Head of Asia Paci昀椀c Allianz Global Investors Sustainability and Stewardship Report 2023 47