Allianz Global Investors has stated that it expects EU large-caps to include ESG KPIs in executive remuneration policies and will vote against pay policies in 2023 if this is not included.

AllianzGI also strengthened its voting rules with respect to ethnic diversity in the UK and US, making it clear that it expects companies in these countries to come up with a diversity approach beyond gender.

Commenting, Matt Christensen. global head of sustainable and impact investing at Allianz Global Investors, said: “As an active investor, exercising our voting rights is one of the most powerful tools we have to effect change. In keeping with our desire to shape a more sustainable future with measurable positive outcomes, we want to ensure that our investee companies align their executive remuneration policies with ESG KPIs and we will vote against those that don’t. “

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