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 In 2023, we engaged with 374 companies In 2023, we completed 85 climate on 481 occasions, mostly via virtual engagements related to our former Climate 38 engagement meetings. This is an almost Engagement with Outcome programme. 10% increase in engagements compared These engagements entailed speci昀椀c to 2022, on top of an approximate questions relating to the companies’ 50% increase from 2021 to 2022, climate strategy, incorporating governance, and re昀氀ects our continuous ambition planetary and social oversights. A total of to integrate stewardship outcomes into 25 of these were conducted through calls, the investment process. and the rest through detailed responses See case studies starting on page 50. with follow-ups, where necessary. They are Engagements covered 1,055 topics included within our engagement statistics. (2022: 996). We often engaged on more In addition, we signed or sent around than one topic per company, and the year- 240 engagement letters via collaborative on-year increase is driven by our continued engagement initiatives that we joined or reporting of more granular sub-topics. co-founded. They are not included within our engagement 昀椀gures. Continued expansion of our engagement activities in 2023 481 Engagements 438 299 374 Companies 355 engaged 238 51 Stewardship 38 outcomes 28 2023 2022 2021 Source: Allianz Global Investors, as at 31 December 2023. 38 Our Climate Engagement with Outcome (CEWO) was decommissioned in early 2023 as we evolved our approach to climate transition encompassing data and measurability using KPIs. Allianz Global Investors Sustainability and Stewardship Report 2023 46