ESG Integration Framework 03.4.2 Allianz ESG Guideline on Animal Welfare Screening and assessment criteria Allianz supports clients in many areas of the agriculture sector Following an assessment of company, sector and country-specific including animal husbandry. The industry performs an essential role ESG risk databases, animal welfare-related transactions are for society which insurance/investment supports. screened on the following criteria: There are a wide range of opportunities for operating in a more Risks related to agricultural practices environmentally or socially responsible manner. All business activities should seek to incorporate methods or forms of sustainable • Absence of assurance or certification of farm’s management of practices in operations where feasible. This should not contravene animal welfare cultural or religious requirements for the production of animal- • Absence of mitigation of negative impacts on animal wellbeing related foodstuffs. • Animal living conditions below sector average External Standards and Sources • Animal transport (incl. loading and unloading) exceeding 8 hours The Allianz screening approach criteria are informed by • Inappropriate use of antibiotics, hormones or other growth • various national, EU and international regulations, promoting substances • standards and best practice guidance on humane treatment of • Non-adherence to regulatory requirements on GMO labeling animals and • Occurrence of routine mutilation (e.g. teeth clipping, tail • Royal Society for the Prevention of Cruelty to Animals (UK) docking, dehorning, de-budding/de-horning, mulesing or standards. beak trimming) without anesthetic or other distress reducing measures • Slaughter practices without pre-slaughter stunning Reputational risks • Negative reputational impacts on Allianz stakeholders (investors, customers, business partners, regulators, staff, ...) 12