Sustainability Report 2021 05.8 Independent practitioner’s report on a limited assurance engagement on sustainability information 01 Introduction 02 Measuring and To Allianz SE, Munich, well as the Standard on Quality Control 1 1 January to 31 December 2021 have not been • Evaluation of the description of the processes managing sustainability We have performed a limited assurance published by the Institut der Wirtschaftsprüfer prepared, in all material aspects, in accordance in place and activities undertaken to apply the 03 Str engthening engagement on the disclosures in the Sustainability (Institute of Public Auditors in Germany; IDW): with the relevant GRI-Criteria. TCFD Recommendations. our foundation Report of Allianz SE, Munich (hereinafter: Requirements to quality control for audit In a limited assurance engagement the assurance Assurance Conclusion ‘the Company’), for the period from 1 January to firms (IDW Qualitätssicherungsstandard 1: procedures are less in extent than for a reasonable 04 Climate-r elated 31 December 2021 (hereinafter: ‘Report’). Anforderungen an die Qualitätssicherung in assurance engagement and therefore a substantially Based on the assurance procedures performed financial disclosure der Wirtschaftsprüferpraxis - IDW QS 1) – and lower level of assurance is obtained. and assurance evidence obtained, nothing has Responsibilities of the accordingly maintains a comprehensive system come to our attention that causes us to believe 05 Our universal principles Executive Directors of quality control including documented policies The assurance procedures selected depend on the that the disclosures in the Company’s Report for and procedures regarding compliance with practitioner’s judgment. the period from 1 January to 31 December 2021 05.1 Target and achievement tables The executive directors of the Company are ethical requirements, professional standards and 05.2 How we report: transparent responsible for the preparation of the Report Within the scope of our assurance engagement, have not been prepared, in all material aspects, reporting, ratings and performance in accordance with the principles stated in the applicable legal and regulatory requirements. we performed amongst others the following in accordance with the relevant GRI-Criteria. 05.3 Materiality Sustainability Reporting Standards of the Global Practitioner’s Responsibility assurance procedures and further activities: Intended Use of the Assurance Report 05.4 Stakeholder engagement Reporting Initiative (hereinafter: ‘GRI-Criteria’). • Obtaining an understanding of the structure 05.5 Sustainability governance Our responsibility is to express a limited assurance of the sustainability organization and of the We issue this report on the basis of the 05.6 Our commitment to human rights This responsibility of Company’s executive conclusion on the disclosures in the Report based stakeholder engagement. engagement agreed with the Company. 05.7 Our impact on the U.N. Sustainable directors includes the selection and application of on the assurance engagement we have performed. The assurance engagement has been performed Development Goals appropriate methods of sustainability reporting as Within the scope of our engagement we did not • Inquiries of personnel involved in the preparation for purposes of the Company and the report is 05.8 Independent practitioner’s report well as making assumptions and estimates related perform any procedures on external sources of of the Report regarding the preparation process, solely intended to inform the Company as to the on a limited assurance engagement to individual sustainability disclosures, which are the internal control system relating to this process results of the assurance engagement. The report is on sustainability information information or expert opinions, referred to in the and selected disclosures in the Report. reasonable in the circumstances. Furthermore, Report. Furthermore, we did not perform any not intended to provide third parties with support the executive directors are responsible for such procedures on any forward-looking statements • Inspection of processes for collecting, controlling, in making (financial) decisions. Our responsibility internal control as they have considered necessary such as projections and forecasts or on the analyzing and aggregating selected data at lies solely toward the Company. We do not to enable the preparation of a Report that is free suitability of design or operating effectiveness specific sites of the Company. assume any responsibility towards third parties. from material misstatement whether due to fraud of the processes and activities described in • Identification of the likely risks of material or error. chapter ‘Climate-related financial disclosure’ misstatement of the Report under consideration of the Report. of the GRI-Criteria. Munich, 28 April 2022 Independence and Quality Control of PricewaterhouseCoopers GmbH the Audit Firm We conducted our assurance engagement in • Analytical evaluation of selected disclosures Wirtschaftsprüfungsgesellschaft We have complied with the German professional accordance with the International Standard on in the Report. provisions regarding independence as well as Assurance Engagements (ISAE) 3000 (Revised): • Comparison of selected disclosures with other ethical requirements. Assurance Engagements other than Audits or corresponding data in the consolidated financial Richard Burger Hendrik Fink Reviews of Historical Financial Information, statements and in the management report. Wirtschaftsprüfer Wirtschaftsprüfer Our audit firm applies the national legal issued by the IAASB. This Standard requires that (German Public Auditor) (German Public Auditor) requirements and professional standards – in we plan and perform the assurance engagement • Evaluation of the presentation of the selected particular the Professional Code for German to allow us to conclude with limited assurance that disclosures regarding sustainability performance. Public Auditors and German Chartered nothing has come to our attention that causes us Auditors (‘Berufssatzung für Wirtschaftsprüfer to believe that the disclosures in the Company’s und vereidigte Buchprüfer’: ‘BS WP/vBP’ as Report for the period from 110