Allianz : Günther Thallinger joins new United Nations Advisory Council focused on accelerating climate action

Media Release: Günther Thallinger Joins New United Nations Advisory Council Focused on Accelerating Climate Action

United Nation's Secretary-General Forms High-Level Expert Group to Bring Credibility and Accountability to Net-Zero Pledges

Munich, April 1, 2022

Allianz is pleased to support the announcement by UN Secretary-General António Guterres regarding the launch of the High-Level Expert Group on the Net-Zero Emissions Commitments of Non-State Entities (HLEG). The Group consist of 16 experts. Günther Thallinger, AZ SE Board

Member, is one of these experts. The HLEG will report directly to the UN Secretary-General and will provide recommendations for standardizing the criteria for defining and implementing net-zero pledges in order to reach the goal of keeping global temperature rise to 1.5 degrees

Celsius.

HLEG will focus on the role of non-state actors in reversing climate change. Since the adoption of the Paris Agreement in 2015, the world has seen an increasing number of net-zero commitments and pledges from non-state actors, including private sector corporations and private financial institutions. In announcing the HLEG formation, the Secretary-General addressed how the growth in these pledges has been accompanied by a proliferation of criteria and benchmarks to set net-zero commitments, with varying levels of robustness.

Commenting on his new role, Thallinger said: "I am honored to have been appointed to such an important task. It will be a great opportunity to work with such a distinguished group of experts who share a sense of urgency to act on decarbonization."

Allianz SE	Chairman of the Supervisory Board: Michael Diekmann. Board of Management: Oliver
Koeniginstr. 28	Bäte, Chairman; Sergio Balbinot, Andreas Wimmer, Sirma Boshnakova,
80802 Munich; Germany	Dr. Barbara Karuth-Zelle, Dr. Klaus-Peter Röhler, Ivan de la Sota, Giulio Terzariol,
Phone: [phone]	Dr. Günther Thallinger, Christopher Townsend, Renate Wagner (Release / Stand 01.2022).
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Günther Thallinger is also chair of the UN-convened Net-Zero Asset Owner Alliance (AOA), an organization of 71 asset owners, including some of the world's largest pension and sovereign wealth funds, with more than $10 trillion in assets under management. "The AOA members are not only committed to transitioning their portfolios to net-zero greenhouse gas (GHG) emissions by 2050. 29 of the 71 members have already set interim targets for 2025. More members are working on short term targets," Thallinger said. "Such short term and interim targets are necessary to enforce the integration of climate impact in decision making. With such enhanced decision making, asset owners can help drive the necessary transformation of the economy."

Adding, "I hope some of the learnings of asset owners will help to support the work of the

HLEG."

For further information please contact:

Christiane Hach

Tel. [phone]

e-mail:[e-mail]

About Allianz

The Allianz Group is one of the world's leading insurers and asset managers with more than 126 million* private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world's largest investors, managing around 809 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage 2.0 trillion euros of third-party assets. Thanks to our systematic integration of ecological, social and governance criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2021, over 155,000 employees achieved total revenues of 148.5 billion euros and an operating profit of 13.4 billion euros for the group.

These assessments are, as always, subject to the disclaimer provided below.

* Including non-consolidated entities with Allianz customers.

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Allianz SE	Chairman of the Supervisory Board: Michael Diekmann. Board of Management: Oliver
Koeniginstr. 28	Bäte, Chairman; Sergio Balbinot, Andreas Wimmer, Sirma Boshnakova,
80802 Munich; Germany	Dr. Barbara Karuth-Zelle, Dr. Klaus-Peter Röhler, Ivan de la Sota, Giulio Terzariol,
Phone: [phone]	Dr. Günther Thallinger, Christopher Townsend, Renate Wagner (Release / Stand 01.2022).
Fax: [phone]	For VAT-Purposes: VAT-Registration Number: DE 129 274 114; Insurance services are
www.allianz.com/news	exempt from VAT. Allianz SE, Munich, Comm.Reg.: Munich HRB 164232

development of loss expenses, (v) mortality and morbidity levels and trends, (vi) persistency levels, (vii) the extent of credit defaults, (viii) interest rate levels, (ix) currency exchange rates, most notably the EUR/USD exchange rate, (x)

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Allianz SE	Chairman of the Supervisory Board: Michael Diekmann. Board of Management: Oliver
Koeniginstr. 28	Bäte, Chairman; Sergio Balbinot, Andreas Wimmer, Sirma Boshnakova,
80802 Munich; Germany	Dr. Barbara Karuth-Zelle, Dr. Klaus-Peter Röhler, Ivan de la Sota, Giulio Terzariol,
Phone: [phone]	Dr. Günther Thallinger, Christopher Townsend, Renate Wagner (Release / Stand 01.2022).
Fax: [phone]	For VAT-Purposes: VAT-Registration Number: DE 129 274 114; Insurance services are
www.allianz.com/news	exempt from VAT. Allianz SE, Munich, Comm.Reg.: Munich HRB 164232