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Home › Companies › Carlsberg A/S › 2024-2025

Carlsberg A/S 2024-2025 Proxy Voting Records

At Carlsberg A/S's shareholder meeting held March 17, 2025, in the 2024-2025 proxy season, 80 asset managers reported how they voted in their SEC Form N-PX filings, covering 3,813 separate fund positions. Their filings are grouped here into 47 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — Approve Remuneration Report (Advisory Vote) — the reporting funds and managers cast 97% of the shares they voted in favour (FOR divided by FOR plus AGAINST plus WITHHELD; abstained and unvoted shares are excluded because neither took a side). Fund and manager reports are combined in it and may count the same shares twice: it adds fund reports to institutional-manager reports, which can cover the same shares. It is not the company's certified result.

Download data (CSV): ballot items · votes by manager · column guide.

Compiled from SEC Form N-PX filings. Page generated November 8, 2026.

  • 47Reported items
  • 80Asset managers
  • 3,813Fund votes
  • March 17, 2025Meeting date

Results at a glance

No official results are on file for this meeting: no Form 8-K tally (Item 5.07) from Carlsberg A/S has been matched to it. The figures below are the funds’ own votes from Form N-PX. They are not the meeting result, so they are not used to judge dissent.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore Carlsberg A/S in the interactive database Compare manager voting policies

How asset managers voted at the Carlsberg A/S 2024-2025 meeting

Each item below shows how the 80 asset managers that disclosed a Carlsberg A/S vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of Carlsberg A/S’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Elect Jens Hjorth as New Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 51 asset managers

The 51 asset managers below reported 17,644,626 for, 2,409,761 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 17,644,626ABSTAIN: 2,409,761
Largest asset managers voting on “Elect Jens Hjorth as New Director” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group7,337,6300 00For
MFS3,011,9860 00For
Vanguard2,668,7290 00For
EUPAC FUND1,176,3440 00For
Dimensional00 983,9600Abstain
JPMorgan716,0120 00For
INTERNATIONAL GROWTH & INCOME FUND662,5760 00For
TIAA00 660,3040Abstain
Lord Abbett00 527,5960Abstain
JANUS INVESTMENT FUND479,2980 00For
Lazard424,0400 00For
AllianceBernstein283,2910 00For
Fidelity282,4350 00For
State Street144,7700 00For
Pacific Life127,7270 00For
Goldman Sachs82,7550 5960For
Eaton Vance40,1360 10,2730Mixed
DWS00 48,0400Abstain
First Trust11,0800 35,1490Mixed
Northern Trust29,1890 1740For
MassMutual26,6330 00For
MML SERIES INVESTMENT FUND25,0430 00For
Equitable24,3990 00For
Prudential/PGIM23,4830 00For
AIG/SunAmerica00 23,2660Abstain

Showing the 25 largest of 51 asset managers. All 51 are in the interactive database (link above).

2. Elect Winnie Ma as New Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 51 asset managers

The 51 asset managers below reported 20,047,703 for, 6,684 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 20,047,703ABSTAIN: 6,684
Largest asset managers voting on “Elect Winnie Ma as New Director” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group7,337,6300 00For
MFS3,011,9860 00For
Vanguard2,668,7290 00For
EUPAC FUND1,176,3440 00For
Dimensional983,9600 00For
JPMorgan716,0120 00For
INTERNATIONAL GROWTH & INCOME FUND662,5760 00For
TIAA660,3040 00For
Lord Abbett527,5960 00For
JANUS INVESTMENT FUND479,2980 00For
Lazard424,0400 00For
AllianceBernstein283,2910 00For
Fidelity282,4350 00For
State Street144,7700 00For
Pacific Life127,7270 00For
Goldman Sachs83,3510 00For
Eaton Vance50,4090 00For
DWS48,0400 00For
First Trust46,2290 00For
Northern Trust29,3630 00For
MassMutual26,6330 00For
MML SERIES INVESTMENT FUND25,0430 00For
Equitable24,3990 00For
Prudential/PGIM23,4830 00For
AIG/SunAmerica23,2660 00For

Showing the 25 largest of 51 asset managers. All 51 are in the interactive database (link above).

3. Reelect Bob Kunze-Concewitz as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 51 asset managers

The 51 asset managers below reported 19,757,831 for, 296,556 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 19,757,831ABSTAIN: 296,556
Largest asset managers voting on “Reelect Bob Kunze-Concewitz as Director” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group7,337,6300 00For
MFS3,011,9860 00For
Vanguard2,668,7290 00For
EUPAC FUND1,176,3440 00For
Dimensional983,9600 00For
JPMorgan716,0120 00For
INTERNATIONAL GROWTH & INCOME FUND662,5760 00For
TIAA660,3040 00For
Lord Abbett527,5960 00For
JANUS INVESTMENT FUND479,2980 00For
Lazard424,0400 00For
AllianceBernstein00 283,2910Abstain
Fidelity282,4350 00For
State Street144,7700 00For
Pacific Life127,7270 00For
Goldman Sachs83,3510 00For
Eaton Vance50,4090 00For
DWS48,0400 00For
First Trust46,2290 00For
Northern Trust29,3630 00For
MassMutual26,6330 00For
MML SERIES INVESTMENT FUND25,0430 00For
Equitable19,1950 5,2040Mixed
Prudential/PGIM23,4830 00For
AIG/SunAmerica23,2660 00For

Showing the 25 largest of 51 asset managers. All 51 are in the interactive database (link above).

4. Reelect Henrik Poulsen as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 51 asset managers

The 51 asset managers below reported 19,740,768 for, 313,619 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 19,740,768ABSTAIN: 313,619
Largest asset managers voting on “Reelect Henrik Poulsen as Director” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group7,337,6300 00For
MFS3,011,9860 00For
Vanguard2,668,7290 00For
EUPAC FUND1,176,3440 00For
Dimensional983,9600 00For
JPMorgan716,0120 00For
INTERNATIONAL GROWTH & INCOME FUND662,5760 00For
TIAA660,3040 00For
Lord Abbett527,5960 00For
JANUS INVESTMENT FUND479,2980 00For
Lazard424,0400 00For
AllianceBernstein00 283,2910Abstain
Fidelity282,4350 00For
State Street144,7700 00For
Pacific Life127,7270 00For
Goldman Sachs83,3510 00For
Eaton Vance50,4090 00For
DWS48,0400 00For
First Trust46,2290 00For
Northern Trust29,3630 00For
MassMutual26,6330 00For
MML SERIES INVESTMENT FUND25,0430 00For
Equitable19,1950 5,2040Mixed
Prudential/PGIM23,4830 00For
AIG/SunAmerica23,2660 00For

Showing the 25 largest of 51 asset managers. All 51 are in the interactive database (link above).

5. Reelect Lilian Fossum Biner as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 51 asset managers

The 51 asset managers below reported 19,757,831 for, 296,556 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 19,757,831ABSTAIN: 296,556
Largest asset managers voting on “Reelect Lilian Fossum Biner as Director” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group7,337,6300 00For
MFS3,011,9860 00For
Vanguard2,668,7290 00For
EUPAC FUND1,176,3440 00For
Dimensional983,9600 00For
JPMorgan716,0120 00For
INTERNATIONAL GROWTH & INCOME FUND662,5760 00For
TIAA660,3040 00For
Lord Abbett527,5960 00For
JANUS INVESTMENT FUND479,2980 00For
Lazard424,0400 00For
AllianceBernstein00 283,2910Abstain
Fidelity282,4350 00For
State Street144,7700 00For
Pacific Life127,7270 00For
Goldman Sachs83,3510 00For
Eaton Vance50,4090 00For
DWS48,0400 00For
First Trust46,2290 00For
Northern Trust29,3630 00For
MassMutual26,6330 00For
MML SERIES INVESTMENT FUND25,0430 00For
Equitable19,1950 5,2040Mixed
Prudential/PGIM23,4830 00For
AIG/SunAmerica23,2660 00For

Showing the 25 largest of 51 asset managers. All 51 are in the interactive database (link above).

6. Reelect Magdi Batato as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 51 asset managers

The 51 asset managers below reported 19,757,831 for, 296,556 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 19,757,831ABSTAIN: 296,556
Largest asset managers voting on “Reelect Magdi Batato as Director” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group7,337,6300 00For
MFS3,011,9860 00For
Vanguard2,668,7290 00For
EUPAC FUND1,176,3440 00For
Dimensional983,9600 00For
JPMorgan716,0120 00For
INTERNATIONAL GROWTH & INCOME FUND662,5760 00For
TIAA660,3040 00For
Lord Abbett527,5960 00For
JANUS INVESTMENT FUND479,2980 00For
Lazard424,0400 00For
AllianceBernstein00 283,2910Abstain
Fidelity282,4350 00For
State Street144,7700 00For
Pacific Life127,7270 00For
Goldman Sachs83,3510 00For
Eaton Vance50,4090 00For
DWS48,0400 00For
First Trust46,2290 00For
Northern Trust29,3630 00For
MassMutual26,6330 00For
MML SERIES INVESTMENT FUND25,0430 00For
Equitable19,1950 5,2040Mixed
Prudential/PGIM23,4830 00For
AIG/SunAmerica23,2660 00For

Showing the 25 largest of 51 asset managers. All 51 are in the interactive database (link above).

7. Reelect Majken Schultz as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 51 asset managers

The 51 asset managers below reported 17,306,964 for, 2,747,423 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 17,306,964ABSTAIN: 2,747,423
Largest asset managers voting on “Reelect Majken Schultz as Director” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group7,337,6300 00For
MFS3,011,9860 00For
Vanguard2,668,7290 00For
EUPAC FUND1,176,3440 00For
Dimensional00 983,9600Abstain
JPMorgan716,0120 00For
INTERNATIONAL GROWTH & INCOME FUND662,5760 00For
TIAA00 660,3040Abstain
Lord Abbett00 527,5960Abstain
JANUS INVESTMENT FUND479,2980 00For
Lazard424,0400 00For
AllianceBernstein00 283,2910Abstain
Fidelity282,4350 00For
State Street144,7700 00For
Pacific Life127,7270 00For
Goldman Sachs82,7550 5960For
Eaton Vance40,1360 10,2730Mixed
DWS00 48,0400Abstain
First Trust11,0800 35,1490Mixed
Northern Trust00 29,3630Abstain
MassMutual26,6330 00For
MML SERIES INVESTMENT FUND25,0430 00For
Equitable19,1950 5,2040Mixed
Prudential/PGIM23,4830 00For
AIG/SunAmerica00 23,2660Abstain

Showing the 25 largest of 51 asset managers. All 51 are in the interactive database (link above).

8. Reelect Punita Lal as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 51 asset managers

The 51 asset managers below reported 19,757,831 for, 296,556 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 19,757,831ABSTAIN: 296,556
Largest asset managers voting on “Reelect Punita Lal as Director” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group7,337,6300 00For
MFS3,011,9860 00For
Vanguard2,668,7290 00For
EUPAC FUND1,176,3440 00For
Dimensional983,9600 00For
JPMorgan716,0120 00For
INTERNATIONAL GROWTH & INCOME FUND662,5760 00For
TIAA660,3040 00For
Lord Abbett527,5960 00For
JANUS INVESTMENT FUND479,2980 00For
Lazard424,0400 00For
AllianceBernstein00 283,2910Abstain
Fidelity282,4350 00For
State Street144,7700 00For
Pacific Life127,7270 00For
Goldman Sachs83,3510 00For
Eaton Vance50,4090 00For
DWS48,0400 00For
First Trust46,2290 00For
Northern Trust29,3630 00For
MassMutual26,6330 00For
MML SERIES INVESTMENT FUND25,0430 00For
Equitable19,1950 5,2040Mixed
Prudential/PGIM23,4830 00For
AIG/SunAmerica23,2660 00For

Showing the 25 largest of 51 asset managers. All 51 are in the interactive database (link above).

9. Elect Henrik Poulsen

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 550,574 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 550,574
Largest asset managers voting on “Elect Henrik Poulsen” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab317,4800 00For
Principal63,5390 00For
Prudential/PGIM62,3950 00For
Brinker Capital Destinations Trust51,2670 00For
Empower20,4000 00For
Mercer Funds13,3000 00For
Nationwide5,6660 00For
SEI5,3150 00For
PACE SELECT ADVISORS TRUST5,0110 00For
Russell Investments3,2650 00For
Perpetual Americas Funds Trust1,9200 00For
Morningstar Funds Trust8960 00For
Adviser Managed Trust1200 00For

10. Elect Jens Hjorth

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 550,574 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 550,574
Largest asset managers voting on “Elect Jens Hjorth” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab317,4800 00For
Principal63,5390 00For
Prudential/PGIM62,3950 00For
Brinker Capital Destinations Trust51,2670 00For
Empower20,4000 00For
Mercer Funds13,3000 00For
Nationwide5,6660 00For
SEI5,3150 00For
PACE SELECT ADVISORS TRUST5,0110 00For
Russell Investments3,2650 00For
Perpetual Americas Funds Trust1,9200 00For
Morningstar Funds Trust8960 00For
Adviser Managed Trust1200 00For

11. Elect Lilian Fossum Biner

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 550,574 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 550,574
Largest asset managers voting on “Elect Lilian Fossum Biner” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab317,4800 00For
Principal63,5390 00For
Prudential/PGIM62,3950 00For
Brinker Capital Destinations Trust51,2670 00For
Empower20,4000 00For
Mercer Funds13,3000 00For
Nationwide5,6660 00For
SEI5,3150 00For
PACE SELECT ADVISORS TRUST5,0110 00For
Russell Investments3,2650 00For
Perpetual Americas Funds Trust1,9200 00For
Morningstar Funds Trust8960 00For
Adviser Managed Trust1200 00For

12. Elect Magdi Batato

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 550,574 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 550,574
Largest asset managers voting on “Elect Magdi Batato” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab317,4800 00For
Principal63,5390 00For
Prudential/PGIM62,3950 00For
Brinker Capital Destinations Trust51,2670 00For
Empower20,4000 00For
Mercer Funds13,3000 00For
Nationwide5,6660 00For
SEI5,3150 00For
PACE SELECT ADVISORS TRUST5,0110 00For
Russell Investments3,2650 00For
Perpetual Americas Funds Trust1,9200 00For
Morningstar Funds Trust8960 00For
Adviser Managed Trust1200 00For

13. Elect Majken Schultz

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 550,574 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 550,574
Largest asset managers voting on “Elect Majken Schultz” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab317,4800 00For
Principal63,5390 00For
Prudential/PGIM62,3950 00For
Brinker Capital Destinations Trust51,2670 00For
Empower20,4000 00For
Mercer Funds13,3000 00For
Nationwide5,6660 00For
SEI5,3150 00For
PACE SELECT ADVISORS TRUST5,0110 00For
Russell Investments3,2650 00For
Perpetual Americas Funds Trust1,9200 00For
Morningstar Funds Trust8960 00For
Adviser Managed Trust1200 00For

14. Elect Punita Lal

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 550,574 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 550,574
Largest asset managers voting on “Elect Punita Lal” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab317,4800 00For
Principal63,5390 00For
Prudential/PGIM62,3950 00For
Brinker Capital Destinations Trust51,2670 00For
Empower20,4000 00For
Mercer Funds13,3000 00For
Nationwide5,6660 00For
SEI5,3150 00For
PACE SELECT ADVISORS TRUST5,0110 00For
Russell Investments3,2650 00For
Perpetual Americas Funds Trust1,9200 00For
Morningstar Funds Trust8960 00For
Adviser Managed Trust1200 00For

15. Elect Robert Kunze-Concewitz

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 550,574 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 550,574
Largest asset managers voting on “Elect Robert Kunze-Concewitz” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab317,4800 00For
Principal63,5390 00For
Prudential/PGIM62,3950 00For
Brinker Capital Destinations Trust51,2670 00For
Empower20,4000 00For
Mercer Funds13,3000 00For
Nationwide5,6660 00For
SEI5,3150 00For
PACE SELECT ADVISORS TRUST5,0110 00For
Russell Investments3,2650 00For
Perpetual Americas Funds Trust1,9200 00For
Morningstar Funds Trust8960 00For
Adviser Managed Trust1200 00For

16. Elect Winnie Ma

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 550,574 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 550,574
Largest asset managers voting on “Elect Winnie Ma” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab317,4800 00For
Principal63,5390 00For
Prudential/PGIM62,3950 00For
Brinker Capital Destinations Trust51,2670 00For
Empower20,4000 00For
Mercer Funds13,3000 00For
Nationwide5,6660 00For
SEI5,3150 00For
PACE SELECT ADVISORS TRUST5,0110 00For
Russell Investments3,2650 00For
Perpetual Americas Funds Trust1,9200 00For
Morningstar Funds Trust8960 00For
Adviser Managed Trust1200 00For

17. ELECTION OF MEMBER TO THE SUPERVISORY BOARD: ELECTION OF JENS HJORTH

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FORABSTAIN
Details: votes by 11 asset managers

The 11 asset managers below reported 1,863,010 for, 668,523 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,863,010ABSTAIN: 668,523
Largest asset managers voting on “ELECTION OF MEMBER TO THE SUPERVISORY BOARD: ELECTION OF JENS HJORTH” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock1,805,0650 00For
Bridge Builder Trust5,5640 338,4100Abstain
HARBOR FUNDS00 290,0910Abstain
John Hancock3,4540 23,9140Mixed
Six Circles Trust24,9900 00For
ETF Series Solutions00 15,6980Abstain
Allianz7,3460 00For
MASTER INVESTMENT PORTFOLIO7,1480 00For
Jackson National4,5850 4100Mixed
Lincoln Financial3,5810 00For
RBB FUND, INC.1,2770 00For

18. ELECTION OF MEMBER TO THE SUPERVISORY BOARD: ELECTION OF WINNIE MA

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 11 asset managers

The 11 asset managers below reported 2,531,533 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,531,533
Largest asset managers voting on “ELECTION OF MEMBER TO THE SUPERVISORY BOARD: ELECTION OF WINNIE MA” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock1,805,0650 00For
Bridge Builder Trust343,9740 00For
HARBOR FUNDS290,0910 00For
John Hancock27,3680 00For
Six Circles Trust24,9900 00For
ETF Series Solutions15,6980 00For
Allianz7,3460 00For
MASTER INVESTMENT PORTFOLIO7,1480 00For
Jackson National4,9950 00For
Lincoln Financial3,5810 00For
RBB FUND, INC.1,2770 00For

19. ELECTION OF MEMBER TO THE SUPERVISORY BOARD: RE-ELECTION OF BOB KUNZE-CONCEWITZ

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 11 asset managers

The 11 asset managers below reported 2,531,533 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,531,533
Largest asset managers voting on “ELECTION OF MEMBER TO THE SUPERVISORY BOARD: RE-ELECTION OF BOB KUNZE-CONCEWITZ” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock1,805,0650 00For
Bridge Builder Trust343,9740 00For
HARBOR FUNDS290,0910 00For
John Hancock27,3680 00For
Six Circles Trust24,9900 00For
ETF Series Solutions15,6980 00For
Allianz7,3460 00For
MASTER INVESTMENT PORTFOLIO7,1480 00For
Jackson National4,9950 00For
Lincoln Financial3,5810 00For
RBB FUND, INC.1,2770 00For

20. ELECTION OF MEMBER TO THE SUPERVISORY BOARD: RE-ELECTION OF HENRIK POULSEN

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 11 asset managers

The 11 asset managers below reported 2,531,533 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,531,533
Largest asset managers voting on “ELECTION OF MEMBER TO THE SUPERVISORY BOARD: RE-ELECTION OF HENRIK POULSEN” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock1,805,0650 00For
Bridge Builder Trust343,9740 00For
HARBOR FUNDS290,0910 00For
John Hancock27,3680 00For
Six Circles Trust24,9900 00For
ETF Series Solutions15,6980 00For
Allianz7,3460 00For
MASTER INVESTMENT PORTFOLIO7,1480 00For
Jackson National4,9950 00For
Lincoln Financial3,5810 00For
RBB FUND, INC.1,2770 00For

21. ELECTION OF MEMBER TO THE SUPERVISORY BOARD: RE-ELECTION OF LILIAN FOSSUM BINER

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 11 asset managers

The 11 asset managers below reported 2,531,533 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,531,533
Largest asset managers voting on “ELECTION OF MEMBER TO THE SUPERVISORY BOARD: RE-ELECTION OF LILIAN FOSSUM BINER” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock1,805,0650 00For
Bridge Builder Trust343,9740 00For
HARBOR FUNDS290,0910 00For
John Hancock27,3680 00For
Six Circles Trust24,9900 00For
ETF Series Solutions15,6980 00For
Allianz7,3460 00For
MASTER INVESTMENT PORTFOLIO7,1480 00For
Jackson National4,9950 00For
Lincoln Financial3,5810 00For
RBB FUND, INC.1,2770 00For

22. ELECTION OF MEMBER TO THE SUPERVISORY BOARD: RE-ELECTION OF MAGDI BATATO

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 11 asset managers

The 11 asset managers below reported 2,531,533 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,531,533
Largest asset managers voting on “ELECTION OF MEMBER TO THE SUPERVISORY BOARD: RE-ELECTION OF MAGDI BATATO” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock1,805,0650 00For
Bridge Builder Trust343,9740 00For
HARBOR FUNDS290,0910 00For
John Hancock27,3680 00For
Six Circles Trust24,9900 00For
ETF Series Solutions15,6980 00For
Allianz7,3460 00For
MASTER INVESTMENT PORTFOLIO7,1480 00For
Jackson National4,9950 00For
Lincoln Financial3,5810 00For
RBB FUND, INC.1,2770 00For

23. ELECTION OF MEMBER TO THE SUPERVISORY BOARD: RE-ELECTION OF MAJKEN SCHULTZ

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FORABSTAIN
Details: votes by 11 asset managers

The 11 asset managers below reported 1,863,010 for, 668,523 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,863,010ABSTAIN: 668,523
Largest asset managers voting on “ELECTION OF MEMBER TO THE SUPERVISORY BOARD: RE-ELECTION OF MAJKEN SCHULTZ” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock1,805,0650 00For
Bridge Builder Trust5,5640 338,4100Abstain
HARBOR FUNDS00 290,0910Abstain
John Hancock3,4540 23,9140Mixed
Six Circles Trust24,9900 00For
ETF Series Solutions00 15,6980Abstain
Allianz7,3460 00For
MASTER INVESTMENT PORTFOLIO7,1480 00For
Jackson National4,5850 4100Mixed
Lincoln Financial3,5810 00For
RBB FUND, INC.1,2770 00For

24. ELECTION OF MEMBER TO THE SUPERVISORY BOARD: RE-ELECTION OF PUNITA LAL

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 11 asset managers

The 11 asset managers below reported 2,531,533 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,531,533
Largest asset managers voting on “ELECTION OF MEMBER TO THE SUPERVISORY BOARD: RE-ELECTION OF PUNITA LAL” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock1,805,0650 00For
Bridge Builder Trust343,9740 00For
HARBOR FUNDS290,0910 00For
John Hancock27,3680 00For
Six Circles Trust24,9900 00For
ETF Series Solutions15,6980 00For
Allianz7,3460 00For
MASTER INVESTMENT PORTFOLIO7,1480 00For
Jackson National4,9950 00For
Lincoln Financial3,5810 00For
RBB FUND, INC.1,2770 00For

25. Approve DKK 32 Million Reduction in Share Capital via Share Cancellation

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 51 asset managers

The 51 asset managers below reported 20,054,387 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 20,054,387
Largest asset managers voting on “Approve DKK 32 Million Reduction in Share Capital via Share Cancellation” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group7,337,6300 00For
MFS3,011,9860 00For
Vanguard2,668,7290 00For
EUPAC FUND1,176,3440 00For
Dimensional983,9600 00For
JPMorgan716,0120 00For
INTERNATIONAL GROWTH & INCOME FUND662,5760 00For
TIAA660,3040 00For
Lord Abbett527,5960 00For
JANUS INVESTMENT FUND479,2980 00For
Lazard424,0400 00For
AllianceBernstein283,2910 00For
Fidelity282,4350 00For
State Street144,7700 00For
Pacific Life127,7270 00For
Goldman Sachs83,3510 00For
Eaton Vance50,4090 00For
DWS48,0400 00For
First Trust46,2290 00For
Northern Trust29,3630 00For
MassMutual26,6330 00For
MML SERIES INVESTMENT FUND25,0430 00For
Equitable24,3990 00For
Prudential/PGIM23,4830 00For
AIG/SunAmerica23,2660 00For

Showing the 25 largest of 51 asset managers. All 51 are in the interactive database (link above).

26. Cancellation of Shares

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 550,574 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 550,574
Largest asset managers voting on “Cancellation of Shares” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab317,4800 00For
Principal63,5390 00For
Prudential/PGIM62,3950 00For
Brinker Capital Destinations Trust51,2670 00For
Empower20,4000 00For
Mercer Funds13,3000 00For
Nationwide5,6660 00For
SEI5,3150 00For
PACE SELECT ADVISORS TRUST5,0110 00For
Russell Investments3,2650 00For
Perpetual Americas Funds Trust1,9200 00For
Morningstar Funds Trust8960 00For
Adviser Managed Trust1200 00For

27. Accept Financial Statements and Statutory Reports; Approve Discharge of Management and Board

No official resultsCAPITAL STRUCTURECORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 51 asset managers

The 51 asset managers below reported 20,054,387 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 20,054,387
Largest asset managers voting on “Accept Financial Statements and Statutory Reports; Approve Discharge of Management and Board” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group7,337,6300 00For
MFS3,011,9860 00For
Vanguard2,668,7290 00For
EUPAC FUND1,176,3440 00For
Dimensional983,9600 00For
JPMorgan716,0120 00For
INTERNATIONAL GROWTH & INCOME FUND662,5760 00For
TIAA660,3040 00For
Lord Abbett527,5960 00For
JANUS INVESTMENT FUND479,2980 00For
Lazard424,0400 00For
AllianceBernstein283,2910 00For
Fidelity282,4350 00For
State Street144,7700 00For
Pacific Life127,7270 00For
Goldman Sachs83,3510 00For
Eaton Vance50,4090 00For
DWS48,0400 00For
First Trust46,2290 00For
Northern Trust29,3630 00For
MassMutual26,6330 00For
MML SERIES INVESTMENT FUND25,0430 00For
Equitable24,3990 00For
Prudential/PGIM23,4830 00For
AIG/SunAmerica23,2660 00For

Showing the 25 largest of 51 asset managers. All 51 are in the interactive database (link above).

28. Approve Allocation of Income and Dividends of DKK 27 Per Share

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 51 asset managers

The 51 asset managers below reported 20,054,387 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 20,054,387
Largest asset managers voting on “Approve Allocation of Income and Dividends of DKK 27 Per Share” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group7,337,6300 00For
MFS3,011,9860 00For
Vanguard2,668,7290 00For
EUPAC FUND1,176,3440 00For
Dimensional983,9600 00For
JPMorgan716,0120 00For
INTERNATIONAL GROWTH & INCOME FUND662,5760 00For
TIAA660,3040 00For
Lord Abbett527,5960 00For
JANUS INVESTMENT FUND479,2980 00For
Lazard424,0400 00For
AllianceBernstein283,2910 00For
Fidelity282,4350 00For
State Street144,7700 00For
Pacific Life127,7270 00For
Goldman Sachs83,3510 00For
Eaton Vance50,4090 00For
DWS48,0400 00For
First Trust46,2290 00For
Northern Trust29,3630 00For
MassMutual26,6330 00For
MML SERIES INVESTMENT FUND25,0430 00For
Equitable24,3990 00For
Prudential/PGIM23,4830 00For
AIG/SunAmerica23,2660 00For

Showing the 25 largest of 51 asset managers. All 51 are in the interactive database (link above).

29. Accounts and Reports; Ratification of Board and Management Acts

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 550,574 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 550,574
Largest asset managers voting on “Accounts and Reports; Ratification of Board and Management Acts” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab317,4800 00For
Principal63,5390 00For
Prudential/PGIM62,3950 00For
Brinker Capital Destinations Trust51,2670 00For
Empower20,4000 00For
Mercer Funds13,3000 00For
Nationwide5,6660 00For
SEI5,3150 00For
PACE SELECT ADVISORS TRUST5,0110 00For
Russell Investments3,2650 00For
Perpetual Americas Funds Trust1,9200 00For
Morningstar Funds Trust8960 00For
Adviser Managed Trust1200 00For

30. Allocation of Profits/Dividends

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 550,574 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 550,574
Largest asset managers voting on “Allocation of Profits/Dividends” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab317,4800 00For
Principal63,5390 00For
Prudential/PGIM62,3950 00For
Brinker Capital Destinations Trust51,2670 00For
Empower20,4000 00For
Mercer Funds13,3000 00For
Nationwide5,6660 00For
SEI5,3150 00For
PACE SELECT ADVISORS TRUST5,0110 00For
Russell Investments3,2650 00For
Perpetual Americas Funds Trust1,9200 00For
Morningstar Funds Trust8960 00For
Adviser Managed Trust1200 00For

31. Authorize Editorial Changes to Adopted Resolutions in Connection with Registration with Danish Authorities

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 51 asset managers

The 51 asset managers below reported 20,054,387 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 20,054,387
Largest asset managers voting on “Authorize Editorial Changes to Adopted Resolutions in Connection with Registration with Danish Authorities” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group7,337,6300 00For
MFS3,011,9860 00For
Vanguard2,668,7290 00For
EUPAC FUND1,176,3440 00For
Dimensional983,9600 00For
JPMorgan716,0120 00For
INTERNATIONAL GROWTH & INCOME FUND662,5760 00For
TIAA660,3040 00For
Lord Abbett527,5960 00For
JANUS INVESTMENT FUND479,2980 00For
Lazard424,0400 00For
AllianceBernstein283,2910 00For
Fidelity282,4350 00For
State Street144,7700 00For
Pacific Life127,7270 00For
Goldman Sachs83,3510 00For
Eaton Vance50,4090 00For
DWS48,0400 00For
First Trust46,2290 00For
Northern Trust29,3630 00For
MassMutual26,6330 00For
MML SERIES INVESTMENT FUND25,0430 00For
Equitable24,3990 00For
Prudential/PGIM23,4830 00For
AIG/SunAmerica23,2660 00For

Showing the 25 largest of 51 asset managers. All 51 are in the interactive database (link above).

32. Authorization of Legal Formalities

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 550,574 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 550,574
Largest asset managers voting on “Authorization of Legal Formalities” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab317,4800 00For
Principal63,5390 00For
Prudential/PGIM62,3950 00For
Brinker Capital Destinations Trust51,2670 00For
Empower20,4000 00For
Mercer Funds13,3000 00For
Nationwide5,6660 00For
SEI5,3150 00For
PACE SELECT ADVISORS TRUST5,0110 00For
Russell Investments3,2650 00For
Perpetual Americas Funds Trust1,9200 00For
Morningstar Funds Trust8960 00For
Adviser Managed Trust1200 00For

33. Approve Remuneration of Directors

100% of fund votes cast · no official result

FOR
Details: votes by 51 asset managers

The 51 asset managers below reported 20,054,387 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 20,054,387
Largest asset managers voting on “Approve Remuneration of Directors” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group7,337,6300 00For
MFS3,011,9860 00For
Vanguard2,668,7290 00For
EUPAC FUND1,176,3440 00For
Dimensional983,9600 00For
JPMorgan716,0120 00For
INTERNATIONAL GROWTH & INCOME FUND662,5760 00For
TIAA660,3040 00For
Lord Abbett527,5960 00For
JANUS INVESTMENT FUND479,2980 00For
Lazard424,0400 00For
AllianceBernstein283,2910 00For
Fidelity282,4350 00For
State Street144,7700 00For
Pacific Life127,7270 00For
Goldman Sachs83,3510 00For
Eaton Vance50,4090 00For
DWS48,0400 00For
First Trust46,2290 00For
Northern Trust29,3630 00For
MassMutual26,6330 00For
MML SERIES INVESTMENT FUND25,0430 00For
Equitable24,3990 00For
Prudential/PGIM23,4830 00For
AIG/SunAmerica23,2660 00For

Showing the 25 largest of 51 asset managers. All 51 are in the interactive database (link above).

34. Directors' Fees

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 550,574 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 550,574
Largest asset managers voting on “Directors' Fees” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab317,4800 00For
Principal63,5390 00For
Prudential/PGIM62,3950 00For
Brinker Capital Destinations Trust51,2670 00For
Empower20,4000 00For
Mercer Funds13,3000 00For
Nationwide5,6660 00For
SEI5,3150 00For
PACE SELECT ADVISORS TRUST5,0110 00For
Russell Investments3,2650 00For
Perpetual Americas Funds Trust1,9200 00For
Morningstar Funds Trust8960 00For
Adviser Managed Trust1200 00For

35. Approve Remuneration Report (Advisory Vote)

97% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 53 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 51 asset managers voting on “Approve Remuneration Report (Advisory Vote)” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group7,337,6300 00For
MFS3,011,9860 00For
Vanguard2,668,7290 00For
EUPAC FUND1,176,3440 00For
Dimensional983,9600 00For
JPMorgan716,0120 00For
INTERNATIONAL GROWTH & INCOME FUND662,5760 00For
TIAA0660,304 00Against
Lord Abbett527,5960 00For
JANUS INVESTMENT FUND479,2980 00For
Lazard424,0400 00For
AllianceBernstein283,2910 00For
Fidelity282,4350 00For
State Street144,7700 00For
Pacific Life127,7270 00For
Goldman Sachs83,3510 00For
Eaton Vance50,4090 00For
DWS48,0400 00For
First Trust46,2290 00For
Northern Trust29,3630 00For
MassMutual26,6330 00For
MML SERIES INVESTMENT FUND25,0430 00For
Equitable24,3990 00For
Prudential/PGIM23,4830 00For
AIG/SunAmerica23,2660 00For

Fund voting reports, all 51 managers: 19,394,083 for, 660,304 against. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 3 asset managers voting on “Approve Remuneration Report (Advisory Vote)” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
JPMorgan2,692,7940 00For
APG Asset Management US Inc.201,2860 00For
Desjardins Global Asset Management Inc.50,6460 00For

Institutional-manager reports, all 3 managers: 2,944,726 for.

36. Presentation of and advisory vote on the 2024 remuneration report

No official resultsFund totals may overlapSECTION 14A SAY-ON-PAY VOTES

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: description as filed, votes by 19 asset managers

Description as filed by funds: PRESENTATION OF AND ADVISORY VOTE ON THE 2024 REMUNERATION REPORT

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 11 asset managers voting on “PRESENTATION OF AND ADVISORY VOTE ON THE 2024 REMUNERATION REPORT” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock1,805,0650 00For
Bridge Builder Trust343,9740 00For
HARBOR FUNDS290,0910 00For
John Hancock27,3680 00For
Six Circles Trust24,9900 00For
ETF Series Solutions15,6980 00For
Allianz7,3460 00For
MASTER INVESTMENT PORTFOLIO7,1480 00For
Jackson National4,9950 00For
Lincoln Financial3,5810 00For
RBB FUND, INC.1,2770 00For

Fund voting reports, all 11 managers: 2,531,533 for.

Institutional-manager reports: 9 asset managers voting on “PRESENTATION OF AND ADVISORY VOTE ON THE 2024 REMUNERATION REPORT” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock2,952,0920 00For
Northern Trust58,6580 00For
Korea Investment CORP58,0310 00For
NATIONAL BANK TRUST INC.9,4940 00For
1832 Asset Management L.P.7,4930 00For
GARDNER RUSSO & QUINN LLC6,2020 00For
South Dakota Investment Council5,4000 00For
Madison Investment Advisors, LLC2,3830 00For
XPONANCE, INC.10 00For

Institutional-manager reports, all 9 managers: 3,099,754 for.

37. Remuneration Report

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 550,574 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 550,574
Largest asset managers voting on “Remuneration Report” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab317,4800 00For
Principal63,5390 00For
Prudential/PGIM62,3950 00For
Brinker Capital Destinations Trust51,2670 00For
Empower20,4000 00For
Mercer Funds13,3000 00For
Nationwide5,6660 00For
SEI5,3150 00For
PACE SELECT ADVISORS TRUST5,0110 00For
Russell Investments3,2650 00For
Perpetual Americas Funds Trust1,9200 00For
Morningstar Funds Trust8960 00For
Adviser Managed Trust1200 00For

38. Ratify PricewaterhouseCoopers as Auditors

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 51 asset managers

The 51 asset managers below reported 20,054,387 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 20,054,387
Largest asset managers voting on “Ratify PricewaterhouseCoopers as Auditors” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group7,337,6300 00For
MFS3,011,9860 00For
Vanguard2,668,7290 00For
EUPAC FUND1,176,3440 00For
Dimensional983,9600 00For
JPMorgan716,0120 00For
INTERNATIONAL GROWTH & INCOME FUND662,5760 00For
TIAA660,3040 00For
Lord Abbett527,5960 00For
JANUS INVESTMENT FUND479,2980 00For
Lazard424,0400 00For
AllianceBernstein283,2910 00For
Fidelity282,4350 00For
State Street144,7700 00For
Pacific Life127,7270 00For
Goldman Sachs83,3510 00For
Eaton Vance50,4090 00For
DWS48,0400 00For
First Trust46,2290 00For
Northern Trust29,3630 00For
MassMutual26,6330 00For
MML SERIES INVESTMENT FUND25,0430 00For
Equitable24,3990 00For
Prudential/PGIM23,4830 00For
AIG/SunAmerica23,2660 00For

Showing the 25 largest of 51 asset managers. All 51 are in the interactive database (link above).

39. Appointment of Auditor; Appointment of Auditor for Sustainability Reporting

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 550,574 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 550,574
Largest asset managers voting on “Appointment of Auditor; Appointment of Auditor for Sustainability Reporting” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab317,4800 00For
Principal63,5390 00For
Prudential/PGIM62,3950 00For
Brinker Capital Destinations Trust51,2670 00For
Empower20,4000 00For
Mercer Funds13,3000 00For
Nationwide5,6660 00For
SEI5,3150 00For
PACE SELECT ADVISORS TRUST5,0110 00For
Russell Investments3,2650 00For
Perpetual Americas Funds Trust1,9200 00For
Morningstar Funds Trust8960 00For
Adviser Managed Trust1200 00For

40. IN ACCORDANCE WITH THE AUDIT COMMITTEE'S RECOMMENDATION, THE SUPERVISORY BOARD PROPOSES THAT PRICEWATERHOUSECOOPERS…

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 11 asset managers

Description as filed by funds: IN ACCORDANCE WITH THE AUDIT COMMITTEE'S RECOMMENDATION, THE SUPERVISORY BOARD PROPOSES THAT PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB (CVR NO. 3377 1231), BE RE-ELECTED. IT IS PROPOSED BY THE SUPERVISORY BOARD THAT PRICEWATERHOUSECOOPERS STATSAUTORISERETREVISIONSPARTNERSELSKABS AUDIT ASSIGNMENT ALSO INCLUDES THE ISSUE OF AN ASSURANCE REPORT ON THE SUSTAINABILITY REPORTING IN THE MANAGEMENT REVIEW. THE AUDIT COMMITTEE HAS NOT BEEN INFLUENCED BY ANY THIRD PARTY AND HAS NOT BEEN BOUND BY ANY THIRD-PARTY AGREEMENT, RESTRICTING THE GENERAL MEETING'S CHOICE OF AUDITOR TO CERTAIN AUDITORS OR AUDIT FIRMS. RE-ELECTION OF THE AUDITOR PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB (PWC)

The 11 asset managers below reported 2,531,533 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,531,533
Largest asset managers voting on “IN ACCORDANCE WITH THE AUDIT COMMITTEE'S RECOMMENDATION, THE SUPERVISORY BOARD PROPOSES THAT PRICEWATERHOUSECO” at Carlsberg A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock1,805,0650 00For
Bridge Builder Trust343,9740 00For
HARBOR FUNDS290,0910 00For
John Hancock27,3680 00For
Six Circles Trust24,9900 00For
ETF Series Solutions15,6980 00For
Allianz7,3460 00For
MASTER INVESTMENT PORTFOLIO7,1480 00For
Jackson National4,9950 00For
Lincoln Financial3,5810 00For
RBB FUND, INC.1,2770 00For

Showing the 40 reported items with the widest manager coverage, of 47 in total. Every item is in the interactive database (link above).

Largest Carlsberg A/S shareholders voting in 2024-2025

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported.

Fund voting reports: top Carlsberg A/S shareholders by shares voted on “Approve Remuneration Report (Advisory Vote)”, 2024-2025
#Asset manager Shares voted
1Capital Group 7,337,630
2MFS 3,011,986
3Vanguard 2,668,729
4EUPAC FUND 1,176,344
5Dimensional 983,960
6JPMorgan 716,012
7INTERNATIONAL GROWTH & INCOME FUND 662,576
8TIAA 660,304
9Lord Abbett 527,596
10JANUS INVESTMENT FUND 479,298
Institutional-manager reports: top Carlsberg A/S shareholders by shares voted on “PRESENTATION OF AND ADVISORY VOTE ON THE 2024 REMUNERATION REPORT”, 2024-2025
#Asset manager Shares voted
1BlackRock 2,952,092
2Northern Trust 58,658
3Korea Investment CORP 58,031
4NATIONAL BANK TRUST INC. 9,494
51832 Asset Management L.P. 7,493
6GARDNER RUSSO & QUINN LLC 6,202
7South Dakota Investment Council 5,400
8Madison Investment Advisors, LLC 2,383
9XPONANCE, INC. 1

Shown as share counts, not percentages: no shares-outstanding figure has been matched to Carlsberg A/S for the 2024-2025 season, so there is no denominator to divide by.

Related

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.

Carlsberg A/S proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

Cite this page

proxyvotesnow.com, “Carlsberg A/S 2025 Annual Meeting: Vote Results & How Funds Voted”, https://proxyvotesnow.com/company/carlsberg-a-s/2025 (version of November 8, 2026). Derived from SEC Form N-PX and Form 8-K filings; tables licensed CC BY 4.0. Licence: CC BY 4.0.