01 04.5 Managing the environmental impact of our operations continued Introduction 02 Sustainable investing 03 Increasing use of renewable electricity Cutting GHG emissions from business travel Active stewardship As a signatory of the RE100 initiative, Allianz has While business travel accounted for 40% of GHG Prioritising digital: In 2021, we decided to cancel committed to source 100% renewable electricity (RE) emissions from operations in 2021 (2020: 25%), all newspaper and print periodical subscriptions 04 for its group-wide operations by 2023. In 2020, Allianz overall emissions associated with travel are decreasing. at our main offices in Germany. Our subscriptions AllianzGI as a sustainable business started to embed RE in the management targets of our Covid-19 measures played a material role in reducing had grown over time and no longer reflected 04.1 B uilding our approach to Board of Management and CEOs of Allianz entities. In business travel emissions along with our new Global the current demand and prioritisation of digital sustainable investing 2021, 100% of the electricity used by AllianzGI came Travel Policy that prioritises client-facing business travel options, especially during Covid-19. Colleagues 04.2 Developing a shared vision for from renewable, low-carbon sources. This was achieved over travel for internal reasons. can now subscribe to more environmentally inclusion and diversity through agreements with suppliers on “green tariffs” friendly and cost-effective online solutions. 04.3 P romoting employee health (51%) and first-time sourcing of “unbundled” renewable GHG emissions caused by business travel and wellbeing in a hybrid energy attribute certificates (49%). tonnes of GHG per employee work environment 04.4 Business conduct and The purchase of energy attribute certificates (EACs) Reducing water use operational risk management plays an important role in the short to medium term in 2021 0.4 Minimising our water consumption is a key principle 04.5 Managing the environmental delivering on our goals, especially in countries where 2020 0.5 of the Allianz Group Environmental Guideline. Our impact of our operations renewable power cannot yet be readily sourced. office-based operations do not result in significant water 04.6 Corporate citizenship Allianz has opted to take a centralised approach to usage, but we reflect the growing importance of using ensure it sources credible EACs based on operating 20191 2.1 05 water efficiently and considering the impacts of climate Appendix entities’ specific needs and operating regions. We see change. We have committed to reduce water use in this as a temporary solution while we target real-world Reducing paper use our offices by 15% by 2025 against a 2019 baseline. renewable energy solutions to achieve our RE100 target. We use paper mainly for external communications with By the end of 2021, we achieved a reduction of 4% by clients, with a smaller amount used for internal office applying water-saving measures in our facilities and printing. Our efforts to reduce paper consumption are office kitchens. underpinned by the shift to digital communication and reduced paper use in our offices. By the end of 2021, Water consumption AllianzGI had achieved a reduction of 66% (target: 20%) 3 m per employee in paper use per employee against a 2019 baseline (2020: 29%). 2021 24.9 2 Paper consumption 2020 35.4 kg per employee 2019 26.0 2021 9.4 2020 19.4 2019 27.4 1 Business travel data (old absolute: 1.9 tonnes) has been restated for 2019. 2 Water consumption (old absolute: 20.9 m³) has been restated for 2020.