A Article 8 classified funds Consistent with AllianzGI’s commitment to offering clients a high standard of sustainable investment products, our approach to Article 8 goes beyond the minimum regulatory requirements. Strategies we classify as Article 8 will always have two binding elements: our sustainable minimum exclusion policy plus one of our sustainable investment approaches (eg, SRI best-in-class , KPI-based approach , CEWO , Multi Asset and Sustainability Strategy ). C Climate Engagement with Outcome (CEWO) The Climate Engagement with Outcome (CEWO) approach is part of our Sustainability-focused categor y. CEWO: – applies our sustainable minimum exclusions – focuses on engaging with high emitting companies on a decarbonisation pathway with specific milestones. The engagement is scoped by a review of data on a company’s climate profile, credible but ambitious decarbonisation “outcomes” with timetables are identified and engagement is conducted annually to ensure align to these. AllianzGI concepts AllianzGI Sustainable Investing – Glossary 22