01 05.1 UK Stewardship Code index Introduction 02 Sustainable investing 03 This report should be read in its entirety to obtain a comprehensive picture of our stewardship activities during 2021. The table below provides links to the specific sections within Active stewardship this report that demonstrate how AllianzGI applies the principles of the 2020 UK Stewardship Code. Confirmation of our compliance is now pending approval by the FRC. 04 2020 United Kingdom Stewardship Code Principle Section Page AllianzGI as a sustainable business 1 Signatories’ purpose, investment beliefs, strategy, and culture enable stewardship In conversation with Tobias Pross and Matt Christensen 3 – 5 05 that creates long-term value for clients and beneficiaries leading to sustainable About AllianzGI 6 – 7 Appendix benefits for the economy, the environment and society. 05.1 UK Stewardship Code index What sustainable investing means to us 8 – 10 05.2 Engagements Sustainability governance 13 – 15 05.3 Sustainability Building our approach 62 initiatives overview 05.4 U N Sustainable Development 2 Signatories’ governance, resources and incentives support stewardship. Sustainability governance 13 – 15 Goals key Investing in our team 14 Linking sustainability with remuneration 15 Our advisory capabilities 18 Looking ahead to 2022 22 3 Signatories manage conflicts of interest to put the best interests of clients and Conflicts of Interest 58 beneficiaries first. Business conduct and operational risk management 67 – 68 4 Signatories identify and respond to market-wide and systemic risks to promote a Evolving our strategic approach 7 well-functioning financial system. Focusing on material sustainability themes 9 Acting on climate risks and opportunities 11 – 12 Sustainability risk management 29 Industry engagement and commitments 59 – 60; 76 – 81 5 Signatories review their policies, assure their processes and assess the effectiveness Review and assurance 15 of their activities. Review of voting policies and of the voting process 53 Business conduct and operational risk management 67 – 68 6 Signatories take account of client and beneficiary needs and communicate Provide excellent client service 7 the activities and outcomes of their stewardship and investment to them. Supporting the transition to a better future 10 Shaping sustainable investing with our clients 16 – 20