01 Our vision of 02 Sustainable 03 Active 04 Strengthening sustainability 05 Appendices sustainability investing stewardship in our operations 01.4 A year of achievements Principle 2 4 Expanded stewardship activity. Reinforced governance and training. 5 Active stewardship continues to be a Responsible and transparent 2023 key 昀椀gures core action across our product strategies. governance is crucial to enable the 45+ professionals Engaged with In 2023, we engaged with 374 companies creation of sustainable value for all of dedicated to sustainability. 374 companies across 32 locations. We participated our stakeholders. We have therefore and voted in 9,137 in 9,137 shareholder meetings, added further sustainability expertise shareholder representing 95% of all votable meetings. outside our centralised Sustainability EUR 89bn AUM meetings. Demonstrating our focus on active team, with 10 sustainability experts now in risk-focused strategies. ownership and holding management part of the Legal, Compliance and Risk EUR 199bn AUM Greenwich Quality to account, we voted against, withheld function. By June 2023, all AllianzGI in sustainability and impact- Leader or abstained from at least one agenda employees worldwide had passed our new focused strategies combined. for institutional investment item at 71% of all meetings globally, sustainability training, demonstrating our management – 13th and opposed 22% of resolutions. As part commitment to developing sustainability 202 sustainable consecutive year in of our commitment to be more vocal know-how across our organisation. products Germany and sixth year around our engagement strategy, we (2022: 177); converted 20 in continental Europe. started to selectively pre-announce our mutual funds to a sustainable voting intentions, focusing our e昀昀orts in investing approach 100% achievement 2023 on labour rights and greenhouse gas and launched 昀椀ve new of all environmental KPIs for emissions, which is a further step towards sustainable funds. our own business operations our more activist stewardship strategy. (based on 2025 targets). New biodiversity policy. 14% of overall AUM In 2023, we published our biodiversity with a greenhouse gas (GHG) ExCo 50:50 policy statement, making the topic more emissions reduction target gender-balanced structural in bringing together our research committed to the Net Zero and stewardship activities for tackling Asset Managers initiative. biodiversity risks and incorporating the policy into investment strategies. 5 Source: Allianz Global Investors, as at 31 December 2023. Allianz Global Investors Sustainability and Stewardship Report 2023 11