01 Our sustainability approach 02 Sustainable investing 03 Active stewardship 04 Corporate sustainability 05 Appendix 01.2 Strengthening sustainability governance Principles 1 2 Allianz Global Investors – Sustainability Governance Structure The Global Head of Sustainable and The Net Zero Working Group Impact Investing reports to the Global is a dedicated AllianzGI forum Head of Investments, who is a member established in 2022 to oversee key of the ExCo. This anchors sustainable elements of our climate action and impact investing at the top of plan, including methodologies and the organisation. decarbonisation implementation plans in line with the Net Zero Asset The Investment Executive Committee Managers initiative. This working (IEC) is the decision-making body for the group comprises representatives from management of the firm’s investment across functions who meet monthly or platform and has responsibility more frequently to discuss proposals for all sustainability-related topics and implementation plans. The group within investments. evaluates climate-related decarbonisation plans, commitments, methodologies The Sustainable Investing Working and measures such as stewardship Group (SIWG) ensures high-quality and client advisory. The group makes sustainable investing and stewardship recommendations to the SIWG/IEC/ standards are applied and enables ExCo to make final decisions for cross-asset class topics to be considered. governance purposes. The SIWG includes asset class chief investment officers (CIOs) and managers The Global Proxy Voting Committee of the Sustainability Team, who share determines our global voting policy and best practices and discuss and agree handles conflicts of interest. Any major sustainable investing activities to integrate issues or changes are discussed by the sustainability into the investment process. SIWG and reported to the IEC. It also confirms the strategic orientations of our sustainable investment policy such as exclusion policy and stewardship policy. 19