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C _ Group Management Report have implemented disaster risk management and transfer projects through our strategic alliance with the German Development Agency (GIZ). Enabling the net-zero economy Promoting the transition to a low-carbon economy and playing our part in limiting global warming to 1.5°C are among our key concerns, while at the same time offering business opportunities as an investor but also as an insurer. We provide insurance solutions for renewable energy and energy-efficiency solutions. We also invest in low-carbon technologies such as renewables and energy efficiency. We work with policymakers and regulators to support sustainable financing and achieve the goals laid down in the Paris Climate Agreement. We also promote transparency through climate-related disclosures by aligning our strategy and reporting with the recommendations of the G20 Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD), and expecting the same from our investee companies and commercial clients. For more details on the TCFD, please refer to our Group Sustainability Report 2021 section 04 www.allianz.com/sustainability. Annual Report 2021 − Allianz Group 61

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