Responsibility for Sustainability in the Board of Management

Established in 2012, the Group Sustainability Board consists of Allianz SE Board Members and leaders of selected functions who meet quarterly. The Sustainability Board is responsible for integrating ESG into all business lines and core processes dealing with insurance and investment decisions. The Board Members assume responsibility for specific sustainability topics, and functional departments provide regular updates on sustainability issues directly to the Sustainability Board which in turn reports to the Board of Management.