In the run up to the peak of the 2022 AGM season, the link between executive remuneration and ESG targets has increasingly come under the spotlight. On 22 February 2022, Allianz Global Investors (AllianzGI), a German asset manager which supervises approximately €565bn in assets under management, announced several amendments to its 2022 voting policy. Alongside an expectation that companies in both the UK and US will disclose a diversity approach that goes beyond gender, European large caps are also encouraged to incorporate ESG key performance indicators (KPIs) into their executive remuneration policies, with AllianzGI threatening to vote against the policies of companies that fail to do so during 2023.