01 Introduction and strategy 02 Measuring and managing sustainability 03 Climate change related disclosure 04 Str engthening our foundation 05 Our universal principles 01.8 Our sustainability governance We are committed to clear and transparent governance principles. This extends to our governance of sustainability matters as we work to embed and deliver sustainable objectives across our global business and organization. Allianz has increased the importance of sustainability with the ambition to fully integrate sustainability acr oss the company. The Board of Management at Allianz SE is ultimately resp onsible for all matters related to sustainability and is supported by the Sustainability Board (formerly known as ESG Board). In 2021, Allianz established the Group Center Global Sustainability and the Sustainability C ommittee within the Supervisory Board to enable the sustainability strategy integration and implementation. Global Sustainability leads, coordinates and supports the Group functions and operating entities to effectively integrate the Group’s strategic sustainability approach and related objectives into their strategies and activities. Sustainability-related performance is integrated in our comp ensation systems through relevant targets incentivizing board members to act and decide according to E, S and G priorities. A fuller description of our sustainability governance can be found in section 05.4. Supervisory Board (incl. Sustainability Committee) Board of Management Group Sustainability Board Five BoM members Functional Heads: Global Sustainability Group Risk Group Communication Group Compliance • Regular reporting to SE Board of Management • Advising and aligning on all relevant Group Sustainability matters • Further elevate Sustainability topics in governance and decision-making processes of the Group Global Sustainability Full-time support to Sustainability Board Sustainability integration into organization and business Regular exchange and alignment with committees and Heads of Group functions on sustainability matters Regular exchange and alignment with repr esentatives from operating entities on sustainability matters 21 Allianz Group Sustainability Report 2022