Sustainability Report 2021 GRI GRI 102-46 GRI 102-54 05.2 How we report: transparent reporting, ratings and performance 01 Introduction To increase trust and Details on our reporting standards, scope and Non-Financial Statement An increasing number of Allianz subsidiaries now transparency in our activities, materiality can be found in section 05.2. In compliance with the German implementation publish their own sustainability reports. These are 02 Measuring and Our annual U.N. Global Compact (UNGC) of the E.U. Non-Financial Reporting Directive available for download on local Allianz websites. managing sustainability we aim to reflect our values Communication on Progress can be found on (2014/95/EU), we publish relevant non-financial Reporting parameters of integrity, competence and our website and the UNGC website. information within our Group Annual Report. The content of this report is focused on the 03 Str engthening Our GRI Content Index is available on This so-called Non-Financial Statement our foundation resilience in our sustainability is approved by the Supervisory Board of key requirements of our stakeholders and reporting. We actively promote our website. Allianz SE and assured with reasonable sustainability rating and benchmarking providers. 04 Climate-r elated World Economic Forum Stakeholder assurance by PricewaterhouseCoopers GmbH The primary target audience are rating providers, financial disclosure the development of global Wirtschaftsprüfungsgesellschaft (PwC). analysts, investors and NGOs. Our report also Capitalism Metrics For further details please see our Group contains key insights for other stakeholder groups, 05 Our universal principles sustainability reporting In January 2021, Allianz became one of the initial Annual Report 2021. such as customers and employees and makes 05.1 Target and achievement tables standards to simplify the endorsing companies of the (WEF) Stakeholder links to other documents which disclose our 05.2 How we report: transparent Capitalism Metrics. Drawn from existing Data and assurance approach and report on progress. reporting, ratings and performance reporting landscape and standards, the Stakeholder Capitalism Metrics 05.3 Materiality are a set of metrics that can be reported on by To enhance the quality and reliability of our Material topics and aspects 05.4 Stakeholder engagement drive transparency and all companies, regardless of industry or region. reporting, PricewaterhouseCoopers GmbH Key topics included in this Sustainability Report 05.5 Sustainability governance comparability of corporate We actively encourage our stakeholders and Wirtschaftsprüfungsgesellschaft (PwC) has were shaped by our 2021 materiality analysis 05.6 Our commitment to human rights business partners to consider adopting the WEF conducted limited assurance reviews of our which satisfies the GRI Principles for defining 05.7 Our impact on the U.N. Sustainable reporting and performance. metrics in their own reporting. sustainability reports, processes and data report content (sustainability context, materiality, Development Goals since the 2016 reporting year. PwC regularly completeness and stakeholder inclusiveness). 05.8 Independent practitioner’s report Allianz bases its management approach and As part of our commitment to transparent undertakes onsite reviews of a sample of on a limited assurance engagement reporting on voluntary international standards and comparable reporting, we have included operating entities of Allianz SE, selected based on For further details about our 2021 materiality on sustainability information and guidelines such as the Global Reporting assessment process and outcomes, Initiative (GRI) and recognized sustainability an overview of our disclosures based on the their impact on the Group’s sustainability activities. see section 05.3. indices. We continually monitor developments in Stakeholder Capitalism Metrics in this report. The implementation of recommendations is reporting standards and regulations including We have included additional indicators on direct monitored by the Global Sustainability and Group Scope of reporting initiatives by the World Economic Forum (WEF), economic value generated and distributed. Accounting and Reporting functions. st the European Commission (EC), the Sustainability The remaining indicators will be published in our Please see the 2021 Independent This is our 21 annual Sustainability Report. Accounting Standards Board (SASB) and the 2022 report. We do not consider some metrics Practitioner’s Report on a Limited Assurance Our Sustainability Report 2021 relates to the International Sustainability Standards Board to be material for us as a financial services Engagement on Sustainability Information entire Allianz Group. Unless otherwise stated, (ISSB). Our engagement aims to support the company and explanations for these omissions (section 05.8). all measures, activities and key figures refer to the development of a high-quality and globally are provided. 2021 fiscal year (01 January 2021 to 31 December consistent reporting system that adequately Our WEF Content Index available as an Our reporting ecosystem 2021) and we take operational control as the meets stakeholders’ information demands in a appendix to this report, is accessible through boundary for reporting. timely manner. For example, we are a member our website. We focus on reporting online, cross-linking to the of the European Financial Reporting Advisory sustainability section of our website, People Fact Group (EFRAG) Project Task Force on European For further details on the Stakeholder Book, Tax Transparency Report and Analyst’s Sustainability Reporting Standards (PTF-ESRS). Capitalism Metrics, please see the Presentation and Non-Financial Supplement, WEF website. which offers further extra financial information. An overview of our reporting ecosystem can be found on page 03. 99