Irish Life Investment Managers voted against almost 19% of resolutions put forward by companies it was investing in last year.
Irish Life’s dissent rate was higher than the approximately 10% of the world’s largest asset managers, as reported in the Irish Times, with many focusing on ESG issues. The total number of companies involved totalled 5369. Irish Life has more than €100 billion of assets under management with 49% in ESG funds.
ILIM’s chief executive, Patrick Burke says, “Voting is one part of our activity. Active engagement with companies is an even stronger part of what we are doing. This is particularly the case in Ireland, given our footprint in the market.”