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AllianzGI Pre-Announces Vote in Favour of Human Capital Disclosure ahead of AT&T AGM

13.05.2026 | Allianz Global Investors (“AllianzGI”), a leading active investment manager, today announced that it intends to vote in favour of Shareholder Proposal 8 at AT&T’s upcoming Annual General Meeting, which calls for the company to publicly disclose its consolidated EEO-1 Report. This report is a standardized disclosure that provides a breakdown of the company’s workforce by race, ethnicity and gender. AT&T is already required to submit this report each year to the U.S. Equal Employment Opportunity Commission (EEOC).

AllianzGI believes that transparent and standardized disclosure on human capital is a key element of effective corporate governance, particularly for large employers. With approximately 132,000 employees , human capital management is a financially material issue for AT&T.

Antje Stobbe

Antje Stobbe, Head of Stewardship at AllianzGI, commented: "This is a supportive and constructive vote. Continued access to reliable and comparable human capital data ultimately supports both long-term shareholder value and informed market decision-making. EEO-1 reports provide standardized, quantitative and comparable data that allow investors to better assess workforce composition and human capital risks across companies and sectors,” said AllianzGI.

AT&T’s decision not to make the report public this year comes at a time when investors are increasingly focused on transparency around workforce data. AllianzGI believes that better transparency can underscore companies’ human capital approach and provide investors information to perform cross-company analysis.


For further information please contact:

Contact

Marion Leblanc-Wohrer
Tel: +33 17305 7791
Email: Marion.leblancwohrer@allianzgi.com

 


About Allianz Global Investors:

Allianz Global Investors is a leading active asset manager with over 700 investment professionals in 22 offices worldwide and managing EUR 598 billion in assets. We invest for the long term and seek to generate value for clients every step of the way. We do this by being active – in how we partner with clients and anticipate their changing needs, and build solutions based on capabilities across public and private markets. Our focus on protecting and enhancing our clients’ assets leads naturally to a commitment to sustainability to drive positive change. Our goal is to elevate the investment experience for clients, whatever their location or objectives.

About Allianz Global Investors:

Data as at 31 March 2026. Total assets under management are assets or securities portfolios, valued at current market value, for which Allianz Global Investors companies are responsible vis-á-vis clients for providing discretionary investment management decisions and portfolio management, either directly or via a sub-advisor (these include Allianz Global Investors assets which are now sub-advised by Voya IM since 25 July 2022). This excludes assets for which Allianz Global Investors companies are primarily responsible for administrative services only. Assets under management are managed on behalf of third parties as well as on behalf of the Allianz Group.

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