01 Our sustainability approach 02 Sustainable investing 03 Active stewardship 04 Corporate sustainability 05 Appendix 02.6 Sustainable investing categories Principle 7 Impact investing in private markets Increased frequency of major environmental events and social Shaping sustainable pathways towards change movements has raised awareness that capital can – and should – play a role in addressing environmental and social AllianzGI’s OECD markets-focused impact offering issues. As a field, impact investing has grown steadily in the past decade with –the Allianz Impact Investment Fund (AIIF) the total market size now estimated at more than USD 1.1 trillion according to the Global Impact Investing Network (GIIN).6 Following our impact • Inclusive capitalism – investment framework, the AIIF actively in Karriere Tutor, a German digital Our Private Markets Impact teams aim to pursues direct and indirect educational business. deliver tangible real-world impact through investments that generate • Climate change – investment in direct and indirect private equity and debt Hydrostor, provider of long-duration investments and blended finance vehicles. positive environmental energy storage technology. and social outcomes and a • Planetary boundaries – investment measurable contribution to in REBIKE, first large-scale European e-bike refurbishment facility at least one UN SDG. and operations. The AIIF’s investments have made In 2022, AIIF published its inaugural strong progress on portfolio growth Annual Impact Report covering across all three impact thematic investments completed in 2021 to areas, as demonstrated by the report the impact performance of its following examples: underlying portfolio. 6 GIIN, 2022 Sizing the Impact Investing Market. Allianz Global Investors Sustainability and Stewardship Report 2022 55