01 Our sustainability approach 02 Sustainable investing 03 Active stewardship 04 Corporate sustainability 05 Appendix 05.1 UK Stewardship Code index This report should be read in its entirety to obtain a comprehensive picture of our stewardship activities during 2022. The table below provides links to the specific sections within this report that demonstrate how Allianz Global Investors (AllianzGI) applies the principles of the 2020 UK Stewardship Code. 2020 United Kingdom Stewardship Code Principle Section Page 1 Signatories’ purpose, investment beliefs, strategy, and culture enable stewardship that Leadership insights on our journey 06 – 08 creates long-term value for clients and beneficiaries leading to sustainable benefits for About Allianz Global Investors 09 – 11 the economy, the environment and society. Evolving our strategic approach 12 – 17 Strengthening sustainability governance 18 – 22 Evolving our approach to sustainable investing 32 – 33 Strengthening our corporate sustainability strategy 100 – 102 2 Signatories’ governance, resources and incentives support stewardship. Strengthening sustainability governance 18 – 20 Linking sustainability with remuneration 21 Investing in our team 21 – 22 AllianzGI Sustainability Insights Engine (SusIE) 41 – 42 How we engage 64 – 65 Ensuring a robust voting process 87 3 Signatories manage conflicts of interest to put the best interests of clients and Transparently managing conflicts of interest 95 – 96 beneficiaries first. Ensuring responsible business conduct 110 – 113 4 Signatories identify and respond to market-wide and systemic risks to promote a Our approach to sustainable investing 14 – 16 well-functioning financial system. Focusing on the material sustainability themes of today and tomorrow 16 How active asset management supports the transition to a better future 17 Sustainability methodologies and analytics 39 – 42 Climate-related risks and opportunities 43 – 44 Sustainability risk management 45 ESG risk-focused 46, 49 Industry engagement and commitments & Sustainability initiatives overview 97 – 98; 132 – 139 5 Signatories review their policies, assure their processes and assess the effectiveness of Robust review and assurance 22 their activities. Strengthening voting policy and process 88 Ensuring responsible business conduct 110 – 113 Allianz Global Investors Sustainability and Stewardship Report 2022 123