01 Our sustainability approach 02 Sustainable investing 03 Active stewardship 04 Corporate sustainability 05 Appendix 04.4 Managing the environmental impact of our operations Reducing paper use office printing. Our ongoing efforts include operations, we concentrate on using water estimated to be still below the target -15% By the end of 2022, AllianzGI had sourcing sustainably certified paper for efficiently and considering the impacts of by 2025 against our 2019 baseline. achieved a reduction of 74% in paper used internal and external use (2022: 66%) and climate change. We have committed to per employee against a 2019 baseline reducing paper consumption. The latter is reduce water use in AllianzGI offices per The reductions we have achieved are (2021: 68%). So far, we have exceeded the underpinned by increasing digitalisation, employee by 15% by 2025 against a 2019 the result of reduced operation of air- reduction target set at 20% by 2025. including of subscriptions, and paperless baseline. By the end of 2022, we achieved conditioning systems post-pandemic office concepts such as the closing of a 56% reduction (2021: 4%). and the impact of office closures, Paper consumption represents less than corporate print centres. space reductions and moves to more 1% of our global carbon footprint from During 2022, the scope of our reporting sustainable buildings. We have invested in operations. We use paper mainly for Reducing water use was adapted for operational reasons. water-saving solutions in our facilities and external communications with clients, Minimising our water consumption is Considering this, the actual water kitchens and adapted cleaning measures with a smaller amount used for internal a key principle of the Allianz Group reduction achieved across all entities is across our canteens. Environmental Guideline. For office-based 3 Paper consumption in kilograms (kg) per employee Water consumption in cubic metre (m ) per employee 27.4 35.4 aper 26.0 24.9 19.4 consumption target by 2025: 22kg per ater employee consumption 9.4 3/employee target by 2025: kg/employee m 11.4 3 7.0 22m per employee 2019 2020 2021 2022 2019 2020 2021 2022 baseline baseline Target: -20% reduction by 2025 (against 2019 baseline) Target: -15% reduction by 2025 (against 2019 baseline) ctual: -% reduction 2019–2022 ctual: -5% reduction 2019–2022 Allianz Global Investors Sustainability and Stewardship Report 2022 117