P Planetary boundaries One of the three themes that we focus on, along with climate change and inclusive capitalism. The planetary boundary concept aims to define the environmental limits within which humanity can safely operate (beyond climate change). It covers a variety of environmental limits dealing with biodiversity and resource use (eg, water use, land management). Principal adverse impact (PAI) As a company we consider PAI as part of our Stewardship activities and our commitment to the Net Zero Asset Manager Initiative. We consider PAI in the investment process of our sustainable mutual funds by applying our sustainable minimum exclusion list and a second sustainability feature (depending on the sustainability category of the product, eg, an SRI best-in-class selection). S SDG-aligned The SDG-aligned approach is part of our Impact-focused categor y. AllianzGI concepts AllianzGI Sustainable Investing – Glossary 27