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Allianz 2023

In this backtest, we are looking at Allianz, the German multinational financial services company headquartered in Munich. The data was pulled on 8 October 2024. Having compared Allianz's 2023 annual report to our OSMA analysis, we believe 30% could be excluded. Additionally they have not included any additional topics as per EFRAG guidance. Our OSMA analysis suggests Artificial Intelligence, Privacy, Robustness and Resilience of the company are all material for Allianz and therefore should be added.

Alignment of Topic Materiality​

Allianz 2023

Comparing the two assessments, there is significant agreement in what is material. The more significant issue is whether Allianz is over reporting, countrary to EFRAG guidance to only report on material topics.

Topic Materiality over time​

2023

2024

While there is change in the order of the most material topics year-on-year, the same topics are material to be reported on. The threshold for immaterial is between S1 Own Workforce and E2 Pollution.

Which sub-topics are showing shifts in materiality​

Emerging subtopics that may be required as IROs include S1.3 Other work-related rights, S3.3 Communities' economic rights, S3.3 Rights of indigenous peoples, and S4.3 Social inclusion of consumers.

Materiality of Non-ESRS subtopics​

Developed using SASB taxonomy and Mettle's own unique Trust, Reputation, Thematic models. The taxonomies intentionally have some overlap with each other and with the ESRS taxonomy. Key to this analysis is identifying new topics not specified in ESRS, but meeting the requirement to determine anything else that is material. In Allianz's use case, Mettle would recommend Artificial Intelligence, Privacy, Robustness and Resilience of the company be included in material topics to be reported.