Stewardship examples Type of Gateway PRI Indicator Dependent on Disclosure Subsection indicator to Principle Multiple, see Stewardship ISP 22 PLUS N/A PUBLIC 2 guidance examples Describe stewardship activities that you participated in during the reporting year that led to desired changes in the entity you interacted with. Include what ESG factor(s) you engaged on and whether your stewardship activities were primarily focused on managing ESG risks and opportunities or delivering sustainability outcomes. (1) Engagement type (2) Primary goal of stewardship activity c) Both managing ESG risks and (A) Example 1 a) Internally (or service provider) led delivering outcomes c) Both managing ESG risks and (B) Example 2 a) Internally (or service provider) led delivering outcomes c) Both managing ESG risks and (C) Example 3 a) Internally (or service provider) led delivering outcomes (3) The ESG factors you focused on (4) Description of stewardship activity in the stewardship activity and the desired change(s) you achieved In 2020 we continued our engagement with a consumer staples company on their child labour practices and the incidents that have been found within their supply chain. Over the past two years, Allianz Global Investors engaged the company with three specific requests, Social factor – child labour practices i.e. banning minors within the supply (A) Example 1 within the supply chain of the chain, including ESG metrics company. including child labour in executive remuneration, and increasing transparency on the supply chain overall. We appreciate that the company released a Human Rights report in 2020 for the first time and applaud them for developments in their data disclosure, but would like to see additional improvements. 53
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