ALLIANZ GROUP 98 How do we apply the new Global Compact principles? Here is a representative but by no means exhaustive selection. Allianz Dresdner Asset Management (ADAM) offers private and institutional clients investment funds that are structured in ac- cordance with ethical criteria. Together with the United Nations Association Trust in London, ADAM is developing the corre- sponding standards for investment decisions. Dresdner Bank has signed the so-called Equator Principles, which were developed by the International Finance Corpora- tion, a subsidiary of the World Bank. By signing these princi- ples, banks are committed to making sure that the projects they finance respect environmental and social standards. Dresdner Bank now holds borrowers to thoroughly examine the envi- ronmental impact of their projects. They must avoid the use of dangerous substances and see to it that health, cultural prop- erty and endangered species remain protected. Our “Leadership Values” state that we respect and promote di- versity. In that, we place special emphasis on continuing edu- cation and training and a well-established feedback culture. We also launched a number of programs that make it possible to reconcile family life and working activities, for example through flexible working time models or by providing care for children or other family members. The Code of Conduct of the Allianz Group prohibits any kind of discrimination on grounds of racial origin, religion, gender or disability. The observation of the Code is enforced by means of a Compliance System. Allianz respects the freedom of association and the right to  collective bargaining within the framework of the respective  national legislation. Freedom of association and collective bargaining Diversity Equator Principles  Socially Responsible Investment  Code of Conduct  Labor Standards Human Rights Principle 1 Businesses should support and respect the pro- tection of internationally proclaimed human rights within their sphere of influence; and Principle 2 make sure that they are not complicit in human rights abuses. Principle 3 Businesses should uphold the freedom of asso- ciation and the effective recognition of the right to collective bargaining; Principle 4 the elimination of all forms of forced and com- pulsory labor; Principle 5 the effective abolition of child labor; and Principle 6 eliminate discrimination in respect of employ- ment and occupation.