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

Boards are well supported

clock • 2 min read

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: ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on ESG

FE fundinfo's head of ESG Breier: The hidden benefits of SDR
ESG

FE fundinfo's head of ESG Breier: The hidden benefits of SDR

Strengthening investors' trust

Matthias Breier
clock 07 February 2024 • 4 min read
Partner Content: Join us Thursday: Unlocking portfolio potential
ESG

Partner Content: Join us Thursday: Unlocking portfolio potential

Podcast Live! discussion with LGIM

Sarka Halas
clock 06 February 2024 • 1 min read
Morningstar: Janus Henderson and Man Group have 'room to improve' on ESG commitments
ESG

Morningstar: Janus Henderson and Man Group have 'room to improve' on ESG commitments

ESG Commitment Level report

clock 01 February 2024 • 2 min read
Trustpilot