C _ Group Management Report Social matters Information on our Tax Strategy and our approach to taxes is provided to stakeholders through section 03.5 of the Group This section describes the impact of social matters on our business Sustainability Report 2021, and the Tax Transparency Report 2021. activities and relationships and the impact of the Allianz Group´s For further insights into our concepts, see section 01.4 of our activities and relationships on society. We describe the concepts and Group Sustainability Report 2021 www.allianz.com/sustainability. achievements related to the management of these impacts with a focus on social impact and responsible consumer/sales policies. Social impact Our Social Impact Strategy aligns with our company purpose “We Secure Your Future”, and we continued to evolve our Next Generation We believe business can only thrive as part of an equitable society. Strategy throughout 2021. We decided to prioritize United Nations With our global footprint, Allianz has an opportunity to create positive Sustainable Development Goal 8 (Decent work and economic growth) impact using its expertise as an investor and insurer around the world. for our group-wide corporate citizenship activities. Our long-term approach as an investor and insurer is an opportunity We are committed to strengthening our efforts for our two main to offer measures that can mitigate future risks and shape societies for beneficiary groups – next generations (children and youth) and people generations, for example through pension systems, environmental and with disabilities, in alignment with the Allianz Group´s global diversity climate protection. As a global insurer, we uphold the principle of and inclusion strategy. solidarity. Pooling risks is at the heart of our business model, and we In the first half of 2022, we aim to publish our renewed Social have a keen interest in supporting stable communities. This also Impact Strategy and will set targets for 2022 and beyond. We are also includes taxes, which are a meaningful contribution to the economic in the process of developing detailed guidance and financial support and social development of the countries in which we operate. We have for local entities to embed our global to local approach. a role to play in ensuring next generations can overcome the economic For more information on our Social Impact, please see and social impacts of the pandemic and other systematic social risks. section 03.1 of our Group Sustainability Report 2021 www.allianz.com/sustainability. Targets and achievements: societal impact Topic Targets 2021 Achievements 2021 Targets 2022 Social Impact Strategy Continue with the implementation of In 2021, we continued to evolve our Continue with the implementation of the the new strategy. Social Impact Strategy and approach. new strategy and roll out of the impact We published our Guidance on measurement framework. Corporate Citizenship Activities and Guidance on Social Impact Measurement for Corporate Citizenship Activities. Corporate citizenship activities Continue to contribute to society In 2021, the Allianz Group contributed Continue to contribute to society through corporate giving and through Corporate Giving and through corporate giving and employee employee volunteering in alignment employee volunteering as well as volunteering in alignment with our with our strategy. activities through its 12 corporate strategy. foundations. We had corporate Identify and launch activities that would citizenship activities benefiting be supported through the Allianz Social communities worldwide. We launched Impact Fund. the Allianz Social Impact Fund to foster OEs to carry out local activities in line with our strategy. Long-term global partnerships Increase the resilience and equal In 2021, our partnership with SOS CVI Continued review of our global opportunities of children and young with a focus on Emergency partnership and development of a people in 2021 by focusing specifically Preparedness & Response and Youth partnership framework for local on Emergency Preparedness & Employability programs (e.g., Corporate Citizenship activities. Response and Youth Employability YouthCan!) continued. As planned, the programs. partnership came to an end after six years at the end of 2021. 64 Annual Report 2021 − Allianz Group