01 Our sustainability approach 02 Sustainable investing 03 Active stewardship 04 Corporate sustainability 05 Appendix 03.8 Transparently managing conflicts of interest Principles 3 7 In 2022, the Proxy Voting Committee Type Description and approach taken to manage conflicts of interest convened twice to decide on proxy Voting shares of our parent company Context: voting decisions that constituted a AllianzGI is owned by Allianz, a global insurance and financial group. Several of our funds may potential conflict of interest. As in invest in Allianz securities. A potential conflict of interest arises between the interest of these funds previous years, this concerned voting and those of our parent company when voting on our shares. matters relating to our parent company, Allianz. The Committee confirmed our Mitigating policies and procedures: analysts’ proposals. While research, analysis and alignment follow the usual processes, we instituted procedures to make sure that shares of our parent company are voted in the best interest of our clients. AllianzGI has also imposed strict controls and information barriers designed to insulate our decision- making process from improper influence and to ensure that we are able to carry out our investment decisions and stewardship activities in a manner consistent with the interests of our clients. In particular, all suggested proxy voting decisions are directed to the Proxy Voting Committee for review and decision making that ensures that our fiduciary duties are respected. Voting shares of our main distribution partner Context: We may invest in a company that is also a significant distributor of our products. Mitigating policies and procedures: While research, analysis and alignment follow the usual processes, we instituted procedures to make sure that shares of a key distributor we are invested in are voted in the best interest of our clients. In case of a significant Against vote in line with our proxy voting policy recommendation and considering the size of our holdings, the vote proposal would be directed to the Proxy Voting Committee for review and decision making ensure that we comply with our fiduciary duties. Information on our voting behaviour is available in real time on our website. Proxy Voting Dashboard | AllianzGI. Allianz Global Investors Sustainability and Stewardship Report 2022 96