Sustainability‐related disclosures in the financial services sector

Pursuant to Article 3(1) of the Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on the disclosure of information related to the sustainable development in the financial services sector, which provides that  the financial market participants publish on their websites information on their strategies for risks to ensure the sustainable development in the process of making investment decisions, TFI Allianz Polska S.A. hereby presents its strategy

Definitions:

• a risk to the sustainable development means an environmental, social or management situation or circumstances which, if they occur, could have a significant negative impact, real or potential, on the value of an investment
• sustainable development factors mean environmental, social and labor issues as well as issues concerning respect for the human rights and the fight against the corruption and the bribery.

Strategy concerning management of risks for the sustainable development in the investment decisions process

Risks for the sustainable development are environmental situations or circumstances which, if they occur, could have a real or potential and significant negative impact on the value of investments made by TFI Allianz Polska S.A. on behalf of its clients. Examples of risks for the sustainable development include: climate change, social issues, violation of human rights, corruption, improper treatment of employees by companies whose shares or bonds are operated by clients of TFI Allianz Polska S.A. in form of investment products provided by TFI Allianz Polska S.A.

TFI Allianz Polska S.A. belongs to the Allianz Group which is one of the initiators of the "Net-Zero Asset Owner Alliance" - UN-supported alliance aiming for reduction of the greenhouse gas emissions. The Allianz Group is involved in initiatives aimed to consider environmental, social and supervisory (ESG) factors in the course of investment decision-making processes.

When making decisions on new investment products, TFI Allianz Polska S.A. intends to consider the risks for the sustainable development. If, in the opinion of TFI Allianz Polska S.A., consideration of risks for the sustainable development in the process of making investment decisions could, in case of a particular product, noticeably reduce the risk of an incident having a significant negative impact on the investment value, TFI Allianz Polska S.A. will include those risks into the process of making the investment decisions. The inclusion shall result in, among other things, limiting the possibility to invest in securities the price of which could fall significantly if the risk related to the sustainable development materializes and the probability of risk materialization would be higher than the average for similar securities.

For the existing investment products TFI Allianz Polska S.A. intends to consider the risks for the sustainable development in the process of making the investment decisions, if consideration of the risks for the sustainable development in the process of making the investment decisions could, in case of a particular product, noticeably reduce the risk of occurrence of an incident having a significant negative impact on the investment value, and at the same time, including those risks in the process of making investment decisions would neither contradict the arrangements with the existing clients, nor violate the obligations which TFI Allianz Polska S.A. has towards the existing clients or jeopardize the fulfillment of the fiduciary duty towards the existing clients.

Pursuant to Article 4(1)(b) of Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on the disclosure of information related to the sustainable development in the financial services sector, TFI Allianz Polska S.A. informs that it does not consider the main adverse effects of investment decisions on the sustainable development factors, as the main objective of the operations of TFI Allianz Polska S.A. is to ensure the best interest of participants in funds based on the appropriate investment diversification, risk mitigation and maximization of the return on investments. TFI Allianz Polska S.A. does not plan changing its approach in the nearest future, however, in the long run it does not exclude a change of this approach. 

The TFI Allianz Polska S.A. (hereinafter “Company”) remuneration policies (Remuneration Policy, Remuneration Policy for members of collective bodies)  which is applicable to all Allianz entities addresses the integration of sustainability risks in a following ways:

1. Target setting principles: Selected key performance indicators form the basis for the financial and operational targets for the variable compensation at legal entity. These targets include, where appropriate sustainable risk - related performance indicators and are designed to avoid excessive taking of sustainable  risks.
2. Variable remuneration of Company’s Board Members – malus regulation: Variable remuneration components may not be paid, or payment may be restricted, in the case of a significant breach of law and Company’s internal regulations, including the risk management or sustainable risk management regulations, which govern the management of sustainable risks for investment transactions. 

Pursuant to Article 3(1) of the Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on the disclosure of information related to the sustainable development in the financial services sector, which provides that  the financial market participants publish on their websites information on their strategies for risks to ensure the sustainable development in the process of making investment decisions, PTE Allianz Polska S.A. hereby presents its strategy

Definitions:

• a risk to the sustainable development means an environmental, social or management situation or circumstances which, if they occur, could have a significant negative impact, real or potential, on the value of an investment
• sustainable development factors mean environmental, social and labor issues as well as issues concerning respect for the human rights and the fight against the corruption and the bribery.

Strategy concerning management of risks for the sustainable development in the investment decisions process

Risks for the sustainable development are environmental situations or circumstances which, if they occur, could have a real or potential and significant negative impact on the value of investments made by PTE Allianz Polska S.A. on behalf of its clients. Examples of risks for the sustainable development include: climate change, social issues, violation of human rights, corruption, improper treatment of employees by companies whose shares or bonds are operated by clients of PTE Allianz Polska S.A. in form of investment products provided by PTE Allianz Polska S.A.

PTE Allianz Polska S.A. belongs to the Allianz Group which is one of the initiators of the "Net-Zero Asset Owner Alliance" - UN-supported alliance aiming for reduction of the greenhouse gas emissions. The Allianz Group is involved in initiatives aimed to consider environmental, social and supervisory (ESG) factors in the course of investment decision-making processes.

When making decisions on new investment products, PTE Allianz Polska S.A. intends to consider the risks for the sustainable development. If, in the opinion of PTE Allianz Polska S.A., consideration of risks for the sustainable development in the process of making investment decisions could, in case of a particular product, noticeably reduce the risk of an incident having a significant negative impact on the investment value, PTE Allianz Polska S.A. will include those risks into the process of making the investment decisions. The inclusion shall result in, among other things, limiting the possibility to invest in securities the price of which could fall significantly if the risk related to the sustainable development materializes and the probability of risk materialization would be higher than the average for similar securities.

For the existing investment products PTE Allianz Polska S.A. intends to consider the risks for the sustainable development in the process of making the investment decisions, if consideration of the risks for the sustainable development in the process of making the investment decisions could, in case of a particular product, noticeably reduce the risk of occurrence of an incident having a significant negative impact on the investment value, and at the same time, including those risks in the process of making investment decisions would neither contradict the arrangements with the existing clients, nor violate the obligations which PTE Allianz Polska S.A. has towards the existing clients or jeopardize the fulfillment of the fiduciary duty towards the existing clients.

Pursuant to Article 4(1)(b) of Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on the disclosure of information related to the sustainable development in the financial services sector, PTE Allianz Polska S.A. informs that it does not consider the main adverse effects of investment decisions on the sustainable development factors, as the main objective of the operations of PTE Allianz Polska S.A. is to ensure the best interest of participants in funds based on the appropriate investment diversification, risk mitigation and maximization of the return on investments. PTE Allianz Polska S.A. does not plan changing its approach in the nearest future, however, in the long run it does not exclude a change of this approach. 

The PTE Allianz Polska S.A. (hereinafter “Company”) remuneration policies (Remuneration Policy, Remuneration Policy for members of collective bodies)  which is applicable to all Allianz entities addresses the integration of sustainability risks in a following ways:

1. Target setting principles: Selected key performance indicators form the basis for the financial and operational targets for the variable compensation at legal entity. These targets include, where appropriate sustainable risk - related performance indicators and are designed to avoid excessive taking of sustainable  risks.
2. Variable remuneration of Company’s Board Members – malus regulation: Variable remuneration components may not be paid, or payment may be restricted, in the case of a significant breach of law and Company’s internal regulations, including the risk management or sustainable risk management regulations, which govern the management of sustainable risks for investment transactions. 

Pursuant to Article 3(1) of the Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on the disclosure of information related to the sustainable development in the financial services sector, which provides that  the financial market participants publish on their websites information on their strategies for risks to ensure the sustainable development in the process of making investment decisions, TU Allianz Życie S.A. hereby presents its strategy

Definitions:

• a risk to the sustainable development means an environmental, social or management situation or circumstances which, if they occur, could have a significant negative impact, real or potential, on the value of an investment
• sustainable development factors mean environmental, social and labor issues as well as issues concerning respect for the human rights and the fight against the corruption and the bribery.

Strategy concerning management of risks for the sustainable development in the investment decisions process

Risks for the sustainable development are environmental situations or circumstances which, if they occur, could have a real or potential and significant negative impact on the value of investments made by TU Allianz Życie S.A. on behalf of its clients. Examples of risks for the sustainable development include: climate change, social issues, violation of human rights, corruption, improper treatment of employees by companies whose shares or bonds are operated by clients of TU Allianz Życie S.A. in form of investment products provided by TU Allianz Życie S.A.

TU Allianz Życie S.A. belongs to the Allianz Group which is one of the initiators of the "Net-Zero Asset Owner Alliance" - UN-supported alliance aiming for reduction of the greenhouse gas emissions. The Allianz Group is involved in initiatives aimed to consider environmental, social and supervisory (ESG) factors in the course of investment decision-making processes.

When making decisions on new investment products, TU Allianz Życie S.A. intends to consider the risks for the sustainable development. If, in the opinion of TU Allianz Życie S.A., consideration of risks for the sustainable development in the process of making investment decisions could, in case of a particular product, noticeably reduce the risk of an incident having a significant negative impact on the investment value, TU Allianz Życie S.A. will include those risks into the process of making the investment decisions. The inclusion shall result in, among other things, limiting the possibility to invest in securities the price of which could fall significantly if the risk related to the sustainable development materializes and the probability of risk materialization would be higher than the average for similar securities.

For the existing investment products TU Allianz Życie S.A. intends to consider the risks for the sustainable development in the process of making the investment decisions, if consideration of the risks for the sustainable development in the process of making the investment decisions could, in case of a particular product, noticeably reduce the risk of occurrence of an incident having a significant negative impact on the investment value, and at the same time, including those risks in the process of making investment decisions would neither contradict the arrangements with the existing clients, nor violate the obligations which TU Allianz Życie S.A. has towards the existing clients or jeopardize the fulfillment of the fiduciary duty towards the existing clients.

Pursuant to Article 4(1)(b) of Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on the disclosure of information related to the sustainable development in the financial services sector, TU Allianz Życie S.A. informs that it does not consider the main adverse effects of investment decisions on the sustainable development factors, as the main objective of the operations of TU Allianz Życie S.A. is to ensure the best interest of participants in UL funds based on the appropriate investment diversification, risk mitigation and maximization of the return on investments. TU Allianz Życie S.A. does not plan changing its approach in the nearest future, however, in the long run it does not exclude a change of this approach. 

The TU Allianz Życie S.A. (hereinafter “Company”) remuneration policies (Remuneration Policy, Remuneration Policy for members of collective bodies)  which is applicable to all Allianz entities addresses the integration of sustainability risks in a following ways:

1. Target setting principles: Selected key performance indicators form the basis for the financial and operational targets for the variable compensation at legal entity. These targets include, where appropriate sustainable risk - related performance indicators and are designed to avoid excessive taking of sustainable  risks.
2. Variable remuneration of Company’s Board Members – malus regulation: Variable remuneration components may not be paid, or payment may be restricted, in the case of a significant breach of law and Company’s internal regulations, including the risk management or sustainable risk management regulations, which govern the management of sustainable risks for investment transactions.