LD Pensions is one of the most active investors in Europe when it comes to promoting the sustainable transition through voting at general meetings. This is shown by a new analysis from the organisation Rezonanz, which examines the voting behaviour of institutional investors in the UK, Switzerland, the Netherlands, Sweden, Germany and Denmark. In their report, *Voting for the Future*, LD Pensions is ranked as the leading pension fund in Europe when it comes to votes relating to politics and lobbying.
For LD Pensions, voting at general meetings of the companies in which we invest is a key part of our active ownership. We vote globally to promote responsible corporate governance and sustainability. In 2024, we voted on 11,763 proposals across 749 different companies – an effort that underlines our focus on being active owners.
It is important for us to exercise our shareholder rights, as general meetings provide us with a unique opportunity to promote responsible corporate governance and ensure transparency regarding companies’ lobbying activities. This is a priority in LD Pensions, and we are therefore delighted to receive this recognition.
Many of the votes relate to general issues such as the composition of the board, remuneration policies and auditing. In these cases, we follow fixed criteria set out in our voting policy. For more complex proposals, we carry out an individual assessment. In 2024, just over 1,300 votes required a specific analysis. This corresponded to approximately one in ten proposals on which we voted.
The Rezonanz report ranks LD Pensions at the very top in votes on policy and lobbying, whilst its ESG benchmark shows that we are also leading the way in votes on corporate governance and remuneration. Among 42 pension funds, LD Pensions ranks 14th overall for voting activity relating to ESG issues in 2024.
