APG ready to confront Asian companies on ESG
The Dutch pension fund says it will push for improvements in ESG practices of its portfolio companies in South Korea and Japan with active engagement, including lobbying the government and the media and using its voting rights.
Companies in South Korea and Japan are slow in adopting good environmental, social, and governance (ESG) standards in their business practices - an issue that APG, a major Dutch-based pension fund, is prepared to confront publicly to seek improvements.
This includes lobbying the respective governments of these companies, highlighting the companies' shortcomings to the media, and exercising its voting rights at shareholder meetings, said Yoo-Kyung Park, APG's head of sustainable in…
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