01 Our sustainability approach 02 Sustainable investing 03 Active stewardship 04 Corporate sustainability 05 Appendix 03.4 Engagement outcomes Principles 7 9 Shaping sustainable pathways towards change Biodiversity engagement with a cosmetics company Shaping sustainable pathways towards change Among several biodiversity-themed of preservatives. Besides focusing on engagements in Asia, we spoke with progress, we explored its future plans a leading Chinese cosmetics producer and commitments. We shared global Engaging a Taiwanese company to understand progress and urge it best practices from the cosmetics to take more action. We discussed industry to encourage the company on gender diversity the impacts and dependencies that to form longer-term visions. the cosmetic industry can generate Given the historical imbalance, gender female employees and efforts to on biodiversity and raised questions With board-level oversight, the company diversity is among the most critical establish a sound talent pipeline. about its use of Roundtable on committed to tackle biodiversity social issues worthy of attention We also discussed quantitative short- Sustainable Palm Oil (RSPO)- challenges in collaboration with its in many major Asian markets. and mid-term plans to raise female certified products among all palm supply chain companies. It showed an Our conversation with a Taiwanese managers’ participation and targets oil materials it uses. We also asked interest in applying stricter standards company began with questions about on recruitment. whether plastic microbeads have been than minimum domestic requirements how the company’s policies guide a phased out and what substitutes are on chemical safety. We will follow up top-down approach and whether there Recognising investors’ expectations, being used, and explored its choice with the company on future progress. is board-level oversight on gender the company committed to raise diversity-related measures. female senior management participation to more than 30% level We wanted to understand granular in the short term. We see it as an diversity indicators to assess the important milestone that the company company’s performance as well as appointed its first-ever female director internal initiatives and training for to the board in 2022. Allianz Global Investors Sustainability and Stewardship Report 2022 78