ESG Integration Framework 03.4.6 Allianz ESG Guideline on Defense In insurance, all business related to the development, production, The defense sector plays a critical role in providing the means for maintenance and trading of controversial weapons must be referred national and regional security policies. Allianz recognizes the right of for an ESG assessment. Based on the outcome of this assessment, sovereign states to arm themselves, but applies certain restrictions Allianz restricts business with companies with confirmed involvement to business related to the defense sector. in controversial weapons. Allianz excludes investments in and does not provide insurance Likewise, any insurance business related to the transport of 1 conventional and controversial weapons to for organizations involved in the development, production, maintenance and trading of controversial weapons. For details, • countries with severe human rights abuses such as those listed please also see section 3.9.1. on the Sensitive Country List (see section 3.5), and/or Banned or controversial weapons are those that fall under the scope • zones of conflict, civil war or war of the following international conventions: must also be referred. • Anti-personnel landmines as defined in Article 2 of the Convention on the Prohibition of the Use, Stockpiling, Production and Transfer of Anti-Personnel Mines and on their Destruction (Ottawa Treaty) • Cluster munitions as defined in Article 2 of the Convention on Cluster Munitions • Biological and toxin weapons as defined in Article I of the Convention on the Prohibition of the Development, Production and Stockpiling of Bacteriological (Biological) and Toxin Weapons and on their Destruction (Biological Weapons Convention) • Chemical weapons as defined in Article II of the Convention on the Prohibition of the Development, Production, Stockpiling and Use of Chemical Weapons and on their Destruction (Chemical Weapons Convention) 1 This also includes certain investors of organizations involved in controversial weap- 16 ons.