01 Our sustainability approach 02 Sustainable investing 03 Active stewardship 04 Corporate sustainability 05 Appendix 04.2 Creating an inclusive and supportive workplace Bringing strategy to life In line with Allianz Group targets, our ambition is to have at least 30% women in 2 senior leadership positions. Since 2020, our ExCo has been 50% female. Recruitment and Commitment to We are proud that in an industry where women have traditionally been under- development equal pay represented, a number of our key leadership positions are held by women, Examples of how we influence gender balance through Our compensation principles underscore our commitment including the Global Head of Investments, recruitment and development include: to an inclusive environment and equal pay, and is brought Global Chief Investment Officer for to life by: Equities, Global Chief Operating Officer, • Leveraging a language revision tool to review job posts and Head of Products. for inclusive language. • Engaging an external consultant to analyse compensation To make a further positive • Requiring all external search firms to comply with our and identify potential pay gaps using statistical regression impact on the gender balance at diversity clause. analysis as a standard part of the annual compensation AllianzGI, we have implemented • Partnering with diversity-focused organisations such as review process. a range of systemic measures, for 100 Women in Finance, SEO (Sponsor for Educational • Basing pay decisions on objective reasons and disregarding instance in the areas of recruiting, Opportunity), Wiser (an employer branding and early protected characteristics. development and compensation. talent agency) and ADAN (“Afro Deutsches Akademiker • Regularly discussing individual compensation at the Netzwerk”, a German network for graduates who are local level with managers, along with market references Afro-German, African and from the African continent) to where available. help attract under-represented talent. • Conducting annual functional reviews to support fair • Ensuring a gender balanced presence in executive salary decisions. development programmes. • Always including at least one female candidate in executive succession plans. 2 Senior leadership positions equal ExCo and Managing Director roles. Allianz Global Investors Sustainability and Stewardship Report 2022 106