01 Our vision of 02 Sustainable 03 Active 04 Strengthening sustainability 05 Appendices sustainability investing stewardship in our operations 03.4 Engagement outcomes Principle 7 9 03.4.4 Increasing • We focus on both ESG risk-based engagement in Asia engagements and thematic In 2023, we saw growing interest from engagements, such as biodiversity in the clients in our active stewardship practices food and agriculture sector or climate in Asia, where companies play a growing engagements with banks. role in global supply chains and evolving • Our deep coverage of major Asian regional regulation is embedding locations includes mainland China/ sustainability in corporate policies and Hong Kong, Japan, Taiwan, South Korea practices. With a strategic focus on Asian and South-East Asian countries. markets, our Stewardship team works • We engage bilaterally with investee with local investment teams to further companies and collaboratively through strengthen engagement with our core global initiatives such as CA100+ or the holdings, pursuing multi-year dialogues PRI Advance coalition on human rights. that target tangible outcomes: • We actively track policy and regulatory developments to strive for targeted and time-bound outcomes. Allianz Global Investors Sustainability and Stewardship Report 2023 55