Appendices
45
Significant votes 2024
Nordea vote
Company Name
Summary of agenda item
Rationale
Outcome of vote %
Significant vote
Implication of outcome
Tesla
AGAINST
20.6% DISSENT
Advisory Vote to Ratify Named Executive Officers´ Compensation
We do not support the proposal as it does not pro- tect or enhance long-term shareholder value creation
The vote addressed material issues in large holdings
We escalated our engagement and co-filed resolutions for
2025 on the same issues
Tesla
FOR
22.8% FOR
Shareholder proposal: Adopt a Non-Interference Policy Respecting Freedom of Association
We support the pro- posal due to materiality and concerns compa- ny's current strategy and lack of oversight
The vote addressed material issues in large holdings
We escalated our engagement and co-filed resolutions for
2025 on the same issues
Amazon
FOR
31.8 % FOR
Shareholder proposal: Commission Third Party Assessment on Company's Commitment to Freedom of Association and Collective Bargaining Shareholder proposal: Publish Human Rights Risk Assessment on the AI-Driven Targeted Ad Policies Shareholder proposal: Report on Child Safety Impacts and Actual Harm Reduction to Children
We support the proposal as the company’s current dis- closures provide insufficient transparency to properly assess the associated risks and opportunities We support the proposal as it improves transparen- cy on material ESG issues such as human rights risk We support the proposal as it improves transparency on material ESG issues such as human rights risk
The vote addressed material issues in large holdings
We escalated our engagement and co-filed resolutions for
2025 on the same issues
Alphabet
FOR
18.8% FOR
The vote addressed material issues in large holdings The vote addressed material issues in large holdings The vote addressed material issues in large holdings
We escalated and co-signed letter to Chair on the same subject
Meta
FOR
18.5% FOR
We will escalate our engagements
Viaplay
AGAINST
More than 10% voted AGAINST*
Approve Discharge of CEO Anders Jensen
We do not support the proposal as it does not protect or enhance long-term shareholder value creation
We will continue to monitor
Apple
FOR
37.5% FOR
Shareholder proposal: Report on the use of Artificial Intelligence
We support the proposal based on factors related to a material controversy or thematic issue that have not been adequately addressed We support the proposal as it improves transparency on material ESG issues such as human rights risk Voted against the Chair due to inadequate transition planning and lack of response We do not support the proposal as it is not in line with our expectations on climate We support the proposal as it improves transparency on material ESG issues such as alignment with Paris Climate Agreement goals
The vote addressed material issues in large holdings
We will escalate our engagements
Microsoft
FOR
32% FOR
Shareholder proposal: Report on Risks of Operating in Countries with Significant Human Rights Concerns
The vote addressed material issues in large holdings The vote addressed material issues in large holdings The vote addressed material issues in large holdings The vote addressed material issues in large holdings
We will escalate our engagements
Hindalco Industries
AGAINST
23.1% DISSENT
Reelect Kumar Mangalam Birla as Director
We will continue our engagements
Total Energies
AGAINST
20.3% DISSENT
Approve Report on Progress of Company’s Sustainability and Climate Transition Plan
We will continue our engagements
Toyota Motor
FOR
9.2% FOR
Shareholder proposal: Amend Articles to Report on Corporate Climate Lobbying Aligned with Paris Agreement
We will continue to monitor
* According to Swedish regulations, discharge has not been approved if more than 10% vote against. Actual numbers of votes are not dis - closed from Swedish General Meetings.
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