01 Our sustainability approach 02 Sustainable investing 03 Active stewardship 04 Corporate sustainability 05 Appendix 01.2 Strengthening sustainability governance Principles 1 2 Responsible and transparent In 2021, Allianz established a centralised governance is crucial to enable Global Sustainability function which the creation of sustainable value supports the Sustainability Board in for all our stakeholders. integrating sustainability into the business. Also in 2021, the Sustainability Committee was created within the Supervisory We are committed to clear and Board of Allianz SE to drive sustainability transparent governance principles strategy integration and implementation. and this commitment extends to our Sustainability-related performance is governance of sustainable investing integrated in compensation systems and stewardship. Sustainability is through relevant targets, incentivising embedded throughout AllianzGI and our board members to act and make decisions sustainability ambition is set by senior according to E, S and G priorities. management as part of the overall For more information, see the Allianz strategy of the business. As part of the Group Sustainability Report 2022. Allianz Group, we are subject to its governance requirements relating 01.2.1 Our sustainability to ESG matters. governance structure AllianzGI has clearly established lines Allianz has increased the importance of responsibility for sustainability, of sustainability with the ambition to which enables effective oversight fully integrate sustainability across the and accountability: company. The Board of Management at Allianz SE is ultimately responsible for The Executive Committee (ExCo) is the all matters related to sustainability and central governance and decision-making is supported by the Group Sustainability body for AllianzGI and other relevant Board (formerly known as the ESG Board). committees on sustainability issues. 18