Allianz

"Deforestation and warming climate are therefore creating a self-feeding negative loop where deforestation causes the climate to warm further and the warming climate potentially destroys more and more forest and biodiversity. Some projections even go as far as to imply that the Amazon is in serious danger of drying out during the 21st century."

"The ESG Board meets quarterly making recommendations on ESG topics for decision-making to the Allianz SE Board of Management or one of its committees (for example Group Finance and Risk Committee). Key functions of the ESG Board include [...] Reviewing and recommending ESG-related policy proposals for consideration by the Board of Management and/or relevant Board committees".

"If the company’s answers have shown significant action or willingness to improving their ESG risk management and/or solving and avoiding further ESG issues and controversies in future, the company engagement will be closed. Allianz will then either 1 continue to monitor the company’s future performance, or 2 remove the company from the future engagement list. This is depending on the level of success of the engagement’s outcome. Should answers be insufficient, the company shows no willingness to improve its ESG performance, or if the company has not responded to any of Allianz’s engagement communications over a given timeframe, the Chair of the ESG Board approves the restriction of that company from all proprietary portfolios based on the recommendation from AIM SE and the Group ESG Office. Exclusions of companies based on the engagement approach are also described in section 3.9.3. These decisions are taken once per year. Companies are reviewed and reassessed annually."

"Group-level ESG functions conducted 602 assessments based on the guidelines in 2019 (2018: 631 assessments). 53.3 percent of cases were approved, 38.7 percent were approved subject to certain mitigation measures or conditions, and 8.0 percent were declined or not pursued".