AllianzGI calls for UK and EU large caps to link pay to ESG

Boards are well supported

clock • 2 min read
The decision follows annual analysis of how the firm voted at AGMs around the world
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The decision follows annual analysis of how the firm voted at AGMs around the world

AllianzGI has announced that it will vote against UK and European large caps that do not link executive remuneration to ESG (environmental, social & governance) key performance indicators (KPIs).

It follows annual analysis of how it voted at AGMs around the world, with the active manager voting on almost 110,000 shareholder and management proposals last year. In 2021, AllianzGI participated in 10,190 shareholder meetings and voted against, withheld or abstained from at least one agenda item at 68% of all meetings globally. In the UK, the asset manager opposed just 4% of all proposals down from 5% in 2020 and part of a gradual decline in recent years. It said this trend highlights strong corporate governance standards in the UK and shows boards are well supported. ESG Blog: ...

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