03.3 Targets Climate-related targets Table TCFD-4 Targets and achievements: Climate Change Strategy continued 01 Introduction and strategy 02 Measuring and managing sustainability 03 Climate change related disclosure 04 Strengthening our foundation 05 Our universal principles Topic Objectives Progr ess and actions 2022 Net-Zero Insur ance Alliance • We will activ ely contribute to the establishment of the U.N.-convened Net-Zero Insurance Alliance alongside other insurance firms around the world. • Transitioning all operational and at tributable GHG emissions from its insurance and reinsurance underwriting portfolios to net-zero GHG emissions by 2050, c onsistent with a maximum temperature rise of 1.5°C above pre- industrial levels. • Launch of the NZIA Target-Setting Protocol is expected at the latest in January 2023. First individual intermediate targets for 2030 are expected to be released by mid-2023 at the latest . Allianz co-founded the U.N.-convened Net-Zero Underwriting Alliance alongside other insurance firms around the world. For the Climate-related tar gets for our business operations, please see section 02.6. Allianz Group Sustainability Report 2022 101