Sustainability Report 2021 05.5 Sustainability governance 01 Introduction Sustainability management In June 2021, Allianz created a Sustainable The network includes: On 01 January 2021, responsibility for Allianz’s Operations function within Group Operations • Sustainability Leads responsible for 02 Measuring and sustainability agenda shifted to a new Global and IT. The ambition of the new function is coordinating and leading sustainability managing sustainability Sustainability function, headed by the Chief to strengthen the sustainability approach of integration in our operating entities; Sustainability Officer (CSO) who reports to the Allianz’s operating entities with a primary focus 03 Str engthening Chairperson of the Group Sustainability Board. on IT infrastructure and applications, facility • Local Environment Officers responsible for our foundation Global Sustainability supports Allianz’s group management, procurement and business travel. managing the environmental footprint of centers and operating entities to effectively Sustainable Operations monitors and promotes our operations; 04 Climate-r elated integrate the Group’s strategic sustainability the progress of Allianz’s sustainability activities • Non-Financial Data Coordinators responsible financial disclosure approach and policies into their business in these areas. It also steers and coordinates for sustainability reporting; processes. The function drives the integration of sustainable operations initiatives and enables • Corporate Citizenship Leads who drive CSR 05 Our universal principles sustainability-related matters in the organization best practice sharing across Allianz entities. activities and partnerships; and 05.1 Target and achievement tables and business, aiming at Allianz taking a shaping Embedding sustainability 05.2 How we report: transparent role on sustainability in the societies and • Sustainability/ESG experts and centers reporting, ratings and performance economies Allianz operates in. Responsibility across our global organization of competence in our business functions 05.3 Materiality for sustainability reporting shifted to Group We strive towards integration of sustainability in at group-level (P&C, L&H, investments, 05.4 Stakeholder engagement Accounting and Reporting which collaborates every decision made at Allianz. This means that asset management) as well as in our group 05.5 Sustainability governance closely with Global Sustainability to produce all business and support functions, should embed centers (procurement, operations, etc.). 05.6 Our commitment to human rights this report. sustainability in their strategies and approaches. 05.7 Our impact on the U.N. Sustainable Development Goals To support this ambition, Group Sustainability 05.8 Independent practitioner’s report works with an expansive network of sustainability on a limited assurance engagement experts located across Allianz’s operating entities on sustainability information globally. They support the implementation of the group-wide sustainability approach and helps share best practice and scale positive impacts across the organization. 107