01 Our vision of 02 Sustainable 03 Active 04 Strengthening sustainability 05 Appendices sustainability investing stewardship in our operations 04.2 Creating an inclusive and supportive workplace Recruitment and development Commitment to equal pay • Engage third party consultants to • Regularly discuss individual pay at a We have rules in place to ensure a gender- Our compensation principles underscore analyse employee pay and identify local level with managers, along with balanced succession pipeline for senior our commitment to an inclusive potential pay gaps. market references, where available. roles. In 2023, 34% of our managers were environment and equal pay. To put them • Base pay decisions on objective • Conduct annual functional reviews female. We also restarted graduate into practice, we: reasons and disregarding to support fair pay decisions. programmes, which are an important protected characteristics. source of female talent for the 昀椀rm. Female graduates comprised 47% of the 2023 intake compared with 36% of the Women in leadership Nationalities and age 1,364 applications and represented 11 Workforce ratio 49 nationalities in 2023. % female managers % women in senior No. of nationalities Employees under 2023: 50 51 We work with universities that have a 2023: leadership positions 2023: 35 years focus on female graduate programmes 2023: 2023: and ensure our brand communications 57% 34% 26% 79 25% help attract female talent. To improve male managing directors talent retention, we deep-dive into 2022: 32% 2022: 66 engagement survey results by gender to 2021: 32% 2022: 26% 2021: 63 2022: 25% identify what drives engagement with 43% 2021: 23% those populations, and target attraction female and retention actions accordingly. 50% 2022: male 58%/ female 42% ExCo members 2022: 50% 2021:50% Source: Allianz Global Investors, as at 31 December 2023. 49 This refers to the 昀椀rst level of leadership where managers have at least one direct report. 50 In line with Allianz Group targets, our ambition is to have at least 30% women in senior leadership positions (managing directors and ExCo members). 51 In line with Allianz Group targets, we aim to have balanced generational representation where at least 25% of our workforce is below 35 years of age. Allianz Global Investors Sustainability and Stewardship Report 2023 79