01 01.1 In conversation with Tobias Pross and Matt Christensen continued Principle 1 Introduction 01.1 I n conversation with Tobias Pross and Matt Christensen 01.2 About AllianzGI We see our stewardship activities as a critical Q How do you view your responsibilities 01.3 What sustainable investing MC element, with opportunities to help our investee beyond investment? means to us companies transition to a sustainable future. 01.4 Acting on climate risks Picking up on what Tobias outlined, we have TP It is imperative that we demonstrate commitment and opportunities adopted a Climate Engagement with Outcome to sustainability and the values we stand for 01.5 Sustainability governance (CEWO) approach in select portfolios which sees across our entire business, beyond our investment 01.6 Shaping sustainable investing us work with investee companies to understand processes. We must live up to the standards we with our clients their climate pathways, and work with them demand of the companies we invest in, and I am where necessary to identify ambitious but pleased that we continued to make significant 02 progress. In 2021, we reduced CO emissions achievable climate goals alongside a specified 2 Sustainable investing timeframe to achieve them. This is on top of our per employee to 0.9 tonnes, compared with 2.1 comprehensive approach to active engagement tonnes in 2020, helped by low levels of business 03 and proxy voting across our portfolios. travel and increased use of renewable electricity. Active stewardship In fact, 100% of the electricity used by AllianzGI 04 Proxy voting gives us a platform to influence the came from renewable, low-carbon sources. AllianzGI as a sustainable business issues that matter globally and will be key to our Building an inclusive and diverse organisation commitment to issues like inclusive capitalism is an essential part of delivering on our goal of 05 and climate change. We will continue to helping our clients reach their long-term goals Appendix encourage transition among the companies we invest in, promoting net-zero goals and pushing by generating sustainable returns. We believe firms to tackle challenges such as excessive passionately that an open and inclusive culture executive pay and board diversity. that encourages collaboration and diversity of thought ultimately benefits our clients. In terms of gender representation, we have a 50:50 male to female representation in our Executive Committee, and are implementing a plan for promoting gender equality spanning all levels of seniority. And, through participation in initiatives such as 10,000 Black Interns, we are enhancing the diversity of our workforce across other dimensions. We are proud of the track record in sustainability documented in this report across both our investing capabilities and business operations. Like the industry as a whole, we still have progress to make and we look forward to sharing future updates with you.