01 Our sustainability approach 02 Sustainable investing 03 Active stewardship 04 Corporate sustainability 05 Appendix 04.4 Managing the environmental impact of our operations We strive to be a role model transparent reporting of environmental include GHG emissions from flexible employee in 2022 against the 2019 baseline in achieving our own targets impacts, and improves environmental working as well as certain cloud-based (2021: 77%). on climate change and management governance practices. systems in our footprint. environmental impact These practices and processes are oriented The decrease against the 2019 baseline towards ISO14001. Implementation and Our strategy focuses on a variety of is a result of progressive efforts and alongside the targets we set compliance with the EMS are monitored initiatives including energy-efficient investments in the efficiency of our for our investments. by Allianz Group through the Group planning, construction and operation operations and improved energy Environmental Officer (part of the Global of buildings, sourcing green electricity, management in a time of post-pandemic Our efforts contribute to the operational Sustainability team) and supported by the using carbon-efficient means of transport, return to offices. Changes in our business environmental goals of Allianz Group, Board of Management of Allianz. as well as reducing air travel. We achieved structure also led to the ceasing of our which include reducing GHG emissions in a 59% reduction in GHG emissions per business activity in the US market. over 70 markets where the Group has a Reducing GHG emissions In line with the latest climate science, GHG emissions – breakdown by source and proportions in tons (t) of CO presence to net zero by 2030, earlier than 2 2050 as originally targeted, and reducing AllianzGI has decided to advance its equivalents per employee GHG emissions per employee by 50% climate targets based on the science 3.8 versus 2019 by 2025. underpinning the Paris Agreement climate Read more about the Allianz Group goal. We are committed to reducing Climate Change Strategy. our GHG emissions per employee by 1.8 52% by 2025 (against a 2019 baseline), Our environmental management system further elevating our previous target of For the reporting, monitoring and decreasing GHG emissions per employee 0.0 2.0 management of our environmental by 38%. e…employee2 1.6 GHG target performance and footprint, we apply the 1.5 by 2025: environmental management system (EMS) Our carbon reduction strategy focuses on t CO 2.1 0.9 0. 1.8 t CO2e reducing GHG emissions from material 0.01 per employee of Allianz Group. It guides the monitoring 0.02 0.5 and management of our carbon footprint, sources across Scope 1, Scope 2, and 0.5 0.01 0.8 selected parts of Scope 3 (with a focus on 0. use of energy and natural resources such 2019 2020 2021 2022 as water, and efforts to reduce waste. business travel and energy consumption), baseline The EMS provides all Allianz entities with against a 2019 baseline. To reflect clear standards and controls, supports infrastructure changes as our way of Travel aper Energy (total environmental data collection, promotes working continues to evolve, we now Target: 52 re­€‚tion by 2025 (against 2019 baseline. ƒ‚t€al: 59 re­€‚tion 2019–2022. Allianz Global Investors Sustainability and Stewardship Report 2022 114