01 01.2 About AllianzGI continued Principles 1 4 6 Introduction 01.1 In conversation with Tobias Pross and Matt Christensen 01.2 About AllianzGI Evolving our strategic approach 01.3 W hat sustainable investing Creating long-term, sustainable value 3 Foster a fulfilling work environment Sustainability is at the forefront of our decision-making means to us Our mission is to help our clients reach their long-term and activities. With the appointment of Matt Christensen 01.4 Acting on climate risks goals by generating sustainable returns. Our clients for employees as our Head of Sustainable and Impact Investing in and opportunities are our centre of gravity. We generate value for them We motivate our people by fostering a merit- December 2020, we accelerated our progress in anchoring 01.5 Sustainability governance – and with them – by partnering to meet their needs based, values-driven, inclusive culture and sustainability into our investment process. 01.6 Shaping sustainable investing and those of wider society. Together with our clients, providing the right technology and support. with our clients we aim to drive lasting change across the investment The annual global Allianz Engagement We take a structured approach to identifying the major value chain using our expertise, influence and impact- Survey is our main tool for assessing employee long-term opportunities for our clients. Our annual 02 focused investing. satisfaction. The results highlight what is Investment Positioning Dialogues (IPD), instigated in Sustainable investing working well and where we need to improve 2020, bring together our senior investors and distribution 03 We focus on five principal business objectives: (see section 04.3). leads globally to discuss the most significant risks and Active stewardship opportunities for clients. First, we convene the two groups 1 separately to sound out their latest thinking and reflect 04 Generate strong investment returns the views on risk and opportunity from the different AllianzGI as a sustainable business for our clients 4 Grow our company organically regions, client types and areas of the market. Then the We measure our strategies’ asset-weighted and sustainably entire group meets to develop a final list of priority topics. 05 performance against their benchmarks over We measure our growth in terms of revenues The outcome is a set of deeply interconnected “investable Appendix one-year and three-year periods. We also track and net cash flow to gauge the extent to themes” that provide a guiding focus for our business, how strategies are performing against peers. which we are offering clients the most relevant currently Achieving Sustainability; Navigating Rates; and and attractive capabilities. Appreciating China. These themes drive our research and product development effort. 2 Provide excellent client service We repeat the IPD process annually to revalidate the list 5 Generate profitable growth and revise and add themes as needed. In 2022, we will We measure client satisfaction through an for our shareholders add a fourth theme – Embracing Disruption – to reflect the annual survey carried out by independent All five objectives are interlinked. By serving evolution of a trend that began in the technology sector consultants Coalition Greenwich. It assesses our clients well and motivating our employees but increasingly pervades every aspect of our lives and is how our institutional and intermediary clients to excel, our company will grow sustainably closely aligned with sustainability. view our investment and client services. and deliver strong results for our shareholders We aim to achieve first-quartile performance The insights of our Global Investment Council (GIC) are a and we use the feedback to identify areas over the long term. critical input. Led by our Economics and Strategy team, the where we can strengthen our offerings. Since GIC provides a forum where our strategists can share their 2018, Coalition Greenwich has also conducted view on macro risks and opportunities with our investment client interviews to measure clients’ perception teams, allowing these insights to be implemented within of our sustainable investing capabilities (see our investment processes as appropriate. The GIC is held page 17). Through our client forums in select monthly and additionally on an ad hoc basis as market markets, we promote two-way feedback and events dictate. shared learnings.