Allianz SE

Lobbying Governance

AI Extracted Evidence Snippet Source

The AIM Sustainable Investing team oversees the engagement program and its implementation across our global operations. In all engagements, AIM represents the interests of Allianz SE and strives for well-researched, content-driven exchange. [...] Current focus topics include best practices in the mining sector, biodiversity risks, methane emission abatement, climate transition plan disclosure, and climate lobbying alignment with stated commitments. [...] Our engagements are normally initiated by sending a letter to the company's investor relations or sustainability contacts. This letter, signed by the Chief Sustainability Officer of Allianz SE and the Chief Investment Officer of AIM, outlines both our concerns and inquiries, while requesting a written explanatory response. Depending on the extent to which the company demonstrates that it is addressing the concerns, we may enter further dialogue. [...] AIM's engagement activities are reported annually in the Sustainability Statement of the Allianz Group Annual Report. The report is audited with reasonable assurance. We publish the number and topics of active corporate and asset manager engagements as well as progress on our engagement targets. Our engagement figures are aggregated and anonymous to maintain the confidentiality commitments of our program. [...] Asset managers' own public discourse, and their stewardship of corporate policy engagement is material to our portfolios and representing our long-term interests. Companies that have public commitments for performance on sustainability topics, particularly climate, inform our investment view. Therefore, we expect that companies and asset managers that have public commitments ensure that their policy engagement activities are congruent with those commitments. We ask that all our asset managers have a stewardship approach to ensure companies lobbying activities are aligned with their stated commitments. We use the NZAOA paper, "Aligning Climate Policy Engagement with Net-Zero Commitments" for the basis of our assessments.

https://www.allianz.com/content/dam/onemarketing/azcom/Allianz_com/sustainability/documents/Allianz-Investment-Management_Our-Engagement-Approach-2023.pdf

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]AllianzGI aims, either individually or in collaboration with others, to actively conduct, where necessary, dialogue with public policymakers or regulators to support the evolution of a sustainable landscape for climate change investment. We also ensure that any relevant direct and indirect policy advocacy we undertake supports achieving global net zero emissions by 2050 or sooner.

CDP Questionnaire Response 2022