Global Leading Asset Manager AllianzGI Take Bold Decision to Vote Against Companies which Fail to Include ESG Targets in Executives' Pay

Global leading asset manager Allianz Global Investors (AllianzGI) has this week pledged to vote against European companies’ pay policies in 2023 if they fail to include #ESG goals in executive pay plans.

It’s a bold step for them and for the #financialmarkets. Using their investor muscle, AllianzGI’s leaders are not only advocating for systems change but actively challenging the status quo and driving it.

AllianzGI’s new policies were announced in parallel with the company publishing its annual analysis of its AGM voting record. Noting areas for improvement and reflective of the company’s broader ambitions including #sustainable #investment and #engagement, AllianzGI has set out its stall to play the part of active investor which effects change. As Matt Christensen, Global Head of Sustainable and #Impact Investors said, the company seeks to actively “shape a more sustainable #future.”

Roman lyric poet Horace once penned: "Begin, be bold, and venture to be wise." 

As a #business leader, how might you dare?

#betterbusiness #europe #sustainability #leadership