01 Our sustainability approach 02 Sustainable investing 03 Active stewardship 04 Corporate sustainability 05 Appendix 02.2 Sustainability research Principle 7 Shaping sustainable pathways towards change Unlocking the S in capitalism Social issues have typically been overshadowed by other Shaping sustainable pathways towards change aspects of sustainability, such as climate change. This is beginning to change as the events food or energy) and livelihood A crisis on our plates: finding of recent years have shone a light on essentials (essentials in the modern inequalities in access to essentials and economy, such as education and potential in failing food systems opportunities. The solution calls for a digital access). The social issues new brand of capitalism. caused by such inequalities can The war in Ukraine highlighted risks in how we hold back growth and resilience of produce and consume food. In “Unlocking the S in capitalism”, economies and may be exacerbated we discussed the theme of inclusive by climate change and digitalisation. As a rising global population increases availability, affordability and resilience capitalism and highlighted lessons Inclusive capitalism provides a solution pressure, there is an urgent need to and discuss why a radical rethink is learned about the social impact of as part of a more inclusive approach to build a resilient and inclusive food needed. A long-term view is crucial but recent crises on life essentials (basic economic growth. ecosystem that meets planetary and complex, and recent stresses on food essentials to support life, such as Read our research paper. social needs. There are opportunities systems have amplified the need for for investors across the value chain investors, businesses and policymakers of global food production and to act now. Investors can play an distribution to help mitigate these risks. important role in directing capital In “The crisis on our plates: finding towards shaping a sustainable food potential in failing food systems”, ecosystem and supporting the shift to we highlight the pressures on the a more inclusive, equitable future. global food system that are reducing Read our research paper. Allianz Global Investors Sustainability and Stewardship Report 2022 36