NETHERLANDS - Dutch pension fund manager APG has updated its corporate governance and voting policy, putting more pressure on companies to take stakeholders' interests and sustainability issues into account.
Under new voting policy, APG has made changes to its stance on remuneration, asking companies to consider factors that will have an impact on long term company value, such as sustainability when developing a remuneration policy.
Claudia Kruse, head of Ssustainability and governance at APG says the updated voting policy reflects the fact that APG exercise voting rights on behalf of its clients worldwide at approximately 4000 companies every year.
Additional investment policy changes adopted by the fund manager mean sovereign bonds issued by countries that are subject to an arms embargo by the UN Security Council will no longer be invested in.
Such changes were describes as enforcing "measures to condemn violations of international law or human rights".
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