ESG Integration Framework Reputational risks 03.4.10.1 Exclusions regarding investments in and insurance • Negative reputational impacts on Allianz stakeholders of coal-related mining activities (investors, customers, business partners, regulators, staff, ...) In May and September 2018, Allianz announced that it would Resettlement risks expand its exclusion approach regarding coal-related mining activities. For details about Allianz’s restrictions on coal investment • Incidents of physical harm in relation to resettlement and insurance see section 03.9.2. • Relocation of people and land/water/property rights (incl. native peoples) • Resettled persons not duly consulted Workforce risks • Disregard for labor rights including collective bargaining and unionization rights • Incidents of physical harm or inappropriate conduct of security personnel • Involvement in child labor • Involvement in forced labor or human trafficking • Sub-standard working conditions (e.g. health and safety standards, wages, etc.) 22