01 Our sustainability approach 02 Sustainable investing 03 Active stewardship 04 Corporate sustainability 05 Appendix 04.4 Managing the environmental impact of our operations Principle 8 Driving down waste recyclable packaging, avoidance of plastic Going forward, we will continue driving We aim to minimise waste and reuse and and reduced paper consumption. the global roll-out of these initiatives and Looking ahead recycle materials. Our operations mostly work with colleagues to encourage waste We plan to include additional generate household-type waste, and our We adopted the global Allianz Group best reduction behaviours. environmental, social, and target is to drive down waste by 14% by practices for removing single-use plastic from governance-related clauses into 2025 against a 2019 baseline. our operations across all our offices. 87% of Managing sustainable procurement our contracts with suppliers. our headcount is in an office with a dedicated Our commercial relationships with Procurement will continue to combine By the end of 2022, we achieved a 45% plan to sustainably eliminate the presence suppliers and partners around the globe tools and data to further equip reduction per employee against the 2019 of single-use plastic. These initiatives include enable us to encourage the adoption of AllianzGI with meaningful insights on baseline (2021: 49%). This was driven by reusable takeaway boxes in our canteens innovative sustainable business practices, the supply base to be able to steer initiatives focused on waste centralisation and providing only reusable, refillable, or and to adopt them ourselves. it in the direction of our corporate and separation, increased use of recyclable supplies in kitchens. sustainability strategy. One role of our procurement team is to Waste output in kilograms (kg) per employee consolidate the supply base towards 149.0 preferred suppliers that meet our business and compliance requirements as well as our expectations with respect to aste output sustainability standards. The AllianzGI target by 2025: Global Procurement Policy has been 89.7 12kg per updated to harmonise and align with the We expect our 82.3 employee 75.3 Allianz Group Vendor Code of Conduct. suppliers to embed kg/employee We are also enhancing procurement sound sustainability processes to ensure sustainability is considered throughout each phase of practices within the procurement lifecycle. We expect our their organisations. suppliers to embed sound sustainability 2019 2020 2021 2022 practices within their organisation and to baseline promote similar practices within their own Target: -14% reduction by 2025 (against 2019 baseline supply chain. We do this by embedding ctual: -45% reduction 2019–2022 requirements into sourcing projects and when onboarding suppliers into our systems. Allianz Global Investors Sustainability and Stewardship Report 2022 118