Sustainability Report 2021 01.1 Message from the CEO 01 Introduction Every day, Allianz strives to earn the trust placed Allianz made good progress in us by our stakeholders and honor the role on climate ambition 01.1 Message from the CEO our company plays in society by truly living our 01.2 Company description and strategy purpose: Allianz is here to secure your future. 2021 was another year where the climate 01.3 Our sustainability approach predictions of science manifested in reality: 01.4 Our social approach Having stepped up to meet the challenges affecting the world is heating too fast and is becoming 01.5 Our climate approach the course of our planet, I am pleased to say less resilient to more extreme weather in the form 01.6 Our sustainability that the broad range of Allianz’s sustainability of storms, floods, heat waves and forest fires. integration approach efforts was recognized by highly respected Recent events have redoubled focus on renewable 01.7 2021 Reporting highlights external observers and through rigorous rating energy, on the importance of solving the climate methodologies. To name only one example, crisis and on the pursuit of a net-zero world 02 Measuring and we received the top rating in the 2021 Dow Jones to which Allianz has committed as part of the managing sustainability Sustainability Index. net-zero objective of Paris Climate Agreement. 03 Strengthening Over the course of 2021, a year once again But decarbonization alone is not enough – our foundation dominated by the COVID-19 pandemic and its we must address the social issues emerging from ensuing economic implications for individuals and the net-zero transition particularly in view of rising 04 Climate-related communities, Allianz stood reliably at the side of energy and food prices, further exacerbated from financial disclosure our clients, our employees, and our shareholders. the invasion of Ukraine. In February 2022, when Russia invaded the For our Allianz investments, climate was again 05 Our universal principles democratic and independent nation of Ukraine, on top of the agenda: COP26 brought together we made clear that Allianz stands with the free governments and the industry on climate world. We stand with all people who believe in and regulation is increasingly focusing on the open and free societies, with all our employees, issue. Allianz believes public-private and peer and with all people affected by these events. partnerships are key to battle the climate To underscore our support, we immediately challenges. We chair the U.N.-convened Net-Zero earmarked donation funds totaling € 10 million Asset Owner Alliance (AOA), by far the largest for humanitarian needs and promised an initiative in terms of true commitments towards additional € 2.5 million to match our employees’ a net-zero environment. The AOA was prominent and tied agents’ donations. As of March 31st 2022, at COP26 as it is the first public-private and peer our employees and tied agents have personally alliance setting short-term (2025) targets for donated over € 1 million. The generosity of our the decarbonization of investments. Within this Building people is only rivalled by their ingenuity, which is context, Allianz in January 2021 announced apparent in a range of business solutions to help concrete targets for 2025. humanitarian efforts in the affected region and confidence neighboring countries. in Allianz 05