ALLIANZ HOLDINGS PLC

Policies described

Freedom of workers to terminate employment Freedom of movement Freedom of association Prohibits any threat of violence, harassment and intimidation Prohibits the use of worker-paid recruitment fees Prohibits compulsory overtime Prohibits child labour Prohibits discrimination Prohibits confiscation of workers' original identification documents Provides access to remedy, compensation and justice for victims of modern slavery

Training described

Your whole organisation

Worker engagement and working conditions

Your suppliers Trade unions or worker representative groups Workers within your organisation Workers within your supply chain

Grievance mechanisms

Using anonymous whistleblowing services, such as a helpline or mobile phone app Through trade unions or other worker representative groups

Other monitoring

We have Group-wide risk management system in place covering own operations and supply chain under the German Supply Chain Act.

Actions addressing ILO indicators

Change in policy Change in training

Demonstrated progress

All colleagues engaged in human rights due diligence receive regular training on the foundational protected principles, including modern slavery, as well as the associated due diligence processes. Additionally, all Allianz employees are provided with training and support to embody the principles outlined in our Group Code of Conduct, which explicitly requires them to uphold and respect human rights in their roles at Allianz.

Reported risks and mitigations

• Risk: Occupational health & safety risks particularly work overload
• Area: Within your own operations
• Group: Women Other vulnerable groups
• Mitigation: Plans to address the mentioned risks vary from country to country. Some put in place time management systems so the employer is notified of working hours above the allowed limit.
• Risk: Equal treatment: in some locations, some workers face different treatment based on religious beliefs, gender, race, etc.
• Mitigation: Plans to address the mentioned risks vary from country to country. Some put in place anonymous surveys so employees can voice their opinions to top management.
• Risk: Freedom of association: In some countries, local law does not allow for trade unions e.g., China. In those countries, there are additional measures in place to counteract the lack of trade unions.
• Mitigation: Plans to address the mentioned risks vary from country to country. Some put in place remediation plans in the short-term for all employees to reach minimum living wages.