AXA IM: Directors must have 'proven' ESG track record to drive sustainable value

Enhances corporate governance policy

clock • 2 min read

AXA Investment Managers (AXA IM) has added further requirements to its corporate governance and voting policy for investee companies.

According to AXA, from this year, company directors must have a "proven track record" of managing both environmental and social issues in a way that drives sustainable value creation. The asset manager said it will engage companies to understand nomination committee approaches to board appointments, and will vote against renewed directorships if management of environmental and social responsibilities is deemed inadequate. It also confirmed it would vote against the re-election of nomination committee chairs at UK and US large-cap companies, should there be little evidence of ethnic re...

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