Acting collectively with other investors AllianzGI participates in collective engagement when this route offers the most effective way of achieving engagement objectives and is in the best interests of our clients. Collaboration with other investors in company engagements is particularly important where share ownership is dispersed, and it is difficult to have shareholder voice heard through individual engagements. AllianzGI’s decision to initiate or join a collective engagement will depend on a number of factors, including: – The specific issue of concern – Extent to which we can exert influence on our own – Trust and alignment in views and objectives with other investors – Agreement on strategy and potential escalation – Probability of success. AllianzGI’s collective engagement activities are undertaken in compliance with relevant statutory rules and guidelines from regulatory authorities, including on market abuse, insider dealing and concert party regulations. AllianzGI is a member of multiple trade associations, investor networks and other bodies that facilitate investor engagement, and we leverage these when and as appropriate. At any given time, AllianzGI may be actively involved with several investor organisations and projects that facilitate discussion, sharing of information and collective engagement at an issuer or public policy level, including, but not limited to, the following: – Association Francaise de la Gestion Financiere (French Asset Management Association) – Climate Action 100+ – Council of Institutional Investors (CII) – European Fund and Asset Management Association (EFAMA) – European Leveraged Finance Association (ELFA) – Forum per la Finanza Sostenibile (Italian Responsible Investment Forum) – Forum pour l ́Investissement Responsable (French Social Investment Forum) – German Investment Funds Association (BVI) – Hong Kong Investment Funds Association (HKIFA) – Institutional Investors Group on Climate Change (IIGCC) – International Corporate Governance Network (ICGN) – The UK Investment Association (IA) – The UK Investor Forum – UN PRI Please refer to the AllianzGI Sustainability and Stewardship Report 2021 for an overview of activities and different sustainability initiatives in which we participate. We see it as our fiduciary duty to raise and seek to address issues that can impact the long-term sustainability and performance of our investments through public policy engagement. In our approach we seek to speak with one voice across all regions and asset classes and help external stakeholders understand the rationale for our involvement and how they can address investor concerns. For this reason, all proposed public policy engagements are reviewed following a dedicated reputational risk process involving senior management as appropriate. AllianzGI Stewardship Statement 12