01 Introduction 02 Workplace 03 Workforce 04 Marketplace 05 Next steps 03.2 Ensuring fair and equal pay for everyone Our compensation principles underscore our commitment to an inclusive environment and equal pay. We understand equal pay is essential to It matters to our business. We provide our business because: an appropriate level of compensation to attract and retain our employees who It matters to our clients. Our clients we need to deliver long-term sustainable expect us to reflect their values and returns for our clients and shareholder. priorities in how we invest and operate. As a sustainable business, we are • We engage third-party consultants to committed to fair and inclusive analyse employee pay and identify pay decisions, as part of our social potential pay gaps using statistical and economic responsibility for our regression analysis as a standard employees, clients and communities. undertaking in the yearly compensation review process. It matters to our employees. We want • We support unbiased compensation employees to have visibility into how pay proposals by: is managed and governed at AllianzGl, – Basing pay decisions on objective but also confidence that pay decisions reasons and not taking into account are consistent and free from bias. protected characteristics. It matters to our leaders. We are – Regularly discussing individual pay at committed to ensuring employees across local level with managers along with the globe are rewarded in a way that market references where available. is free from discrimination on the basis – Conducting yearly functional reviews of our own commitment to inclusion to support fair pay decisions. and diversity. Allianz Global Investors Diversity, Equity and Inclusion Report 2022 20