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At our AGM this year, alstria proposed the idea of a one cent ‘green dividend’, which could be invested in environmentally beneficial projects that don’t meet our return expectations but would be supportive of global climate objectives. More than 85% of the votes cast were in favour of the proposal.
In total, the dividend would amount to €1.78m. We recognise this is a drop in the ocean, but beyond the proposal itself we were interested in the discussion and debate that it would start. While most of those discussions took place behind closed doors, proxy advisors weighed in with their recommendation to our shareholders, and we want to address one set of proxy advice in particular, as it covers most of the discussion points that we had with shareholders when engaging on the topic.
Glass Lewis said the following about o…