Evolving our approach 03 How has AllianzGI evolved its sustainable investing approach? If 2021 set the scene, 2022 was about building momentum and developing the data architecture to support our journey. Our research capability is structured around sector, thematic and company research. We enhanced our sector frameworks, which show how different industry sectors screen across multiple sustainability factors. Each sector framework incorporates our proprietary sustainability materiality matrix. This identifies the 16 most material sustainability sub-factors, forming a core element of our proprietary rating system: Four sustainability factors 16 sub-factors Environment Climate change Natural resources Pollution/waste management Green opportunities across the value chain Social Health and safety Working conditions and environment Human capital management/development Labour relations Corporate governance Corporate/sustainability leadership and disclosure Internal controls Executive remuneration Shareholders Business behaviour Business ethics Customers Suppliers Communities Source: AllianzGI’s sustainability materiality matrix.