01 Introduction and strategy 02 Measuring and managing sustainability 03 Climate change related disclosure 04 Strengthening our foundation 05 Our universal principles 02.1 Sustainability in insurance Sustainable solutions evaluation For a product or service to be classified as a sustainable solution, it must fulfil at least one of six environmental and social criteria, as described in the Allianz ESG Integration Framework. For products categorized as sustainable under this definition, we track and publish key metrics such as revenues and number of solutions. Environmental criteria • Supports development of sustainable technology and markets such as renewable energy, environmental goods and services, and/or green infrastructure. • Conserves natural resources or biodiversity or helps to mitigate against climate change (e.g. solutions that encourage or reward environmentally responsible behavior). • Protects against environmental risks and supports adaptation to climate change impacts (e.g. insurance or incentives to manage weather- related risks). Social criteria • Facilitates activities to tackle social challenges and issues faced by socially disadvantaged groups (e.g. insurance tailored to social value-adding products/services that would otherwise not be insured). • Specifically tailored solutions for socially disadvantaged groups (e.g. products aimed at reducing the risk of underserved groups by providing otherwise unavailable access to finance). • Raises awareness to prevent and mitigate challenges faced by socially disadvantaged groups 1 (e.g. products that include cause-related marketing or support schemes managing weather- related risks). What do we mean by sustainable solutions? Examples of Allianz products with an environmental or social added value 1 Socially disadvantaged groups are defined as populations that are excluded in their local society for reasons that may be tied to age, sex, disability, race, ethnicity, origin, religion, economic or other status. Sustainable insurance solutions Agricultural solutions Crop insurance Forest insurance Mobility solutions Electric car insurance Bonus drive app Electric bike insurance Insurance solutions with a sustainability component Environmental liability solutions Pollution liability Impairment liability Water p ollution liability Renewable energy solutions Photovoltaic insurance Wind turbine insurance Home-b ased renewable energy insurance Emerging consumers solutions Energy efficiency solutions Green home energy saving pack Energy p erformance services/certificate Allianz Group Sustainability Report 2022 35