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Home › Companies › Carlsberg A/S › 2025-2026

Carlsberg A/S 2025-2026 Proxy Voting Records

At Carlsberg A/S's shareholder meeting held March 16, 2026, in the 2025-2026 proxy season, 79 asset managers reported how they voted in their SEC Form N-PX filings, covering 3,694 separate fund positions. Their filings are grouped here into 46 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 99.1% 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.

  • 46Reported items
  • 79Asset managers
  • 3,694Fund votes
  • March 16, 2026Meeting 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 2025-2026 meeting

Each item below shows how the 79 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. Reelect Bob Kunze-Concewitz as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 55 asset managers

The 55 asset managers below reported 20,151,976 for, 26,782 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: 20,151,976ABSTAIN: 26,782
Largest asset managers voting on “Reelect Bob Kunze-Concewitz as Director” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group6,097,1100 00For
MFS3,038,3770 00For
Vanguard2,696,7690 00For
BlackRock1,803,5620 00For
JANUS INVESTMENT FUND1,624,8470 00For
EUPAC FUND814,9820 00For
INTERNATIONAL GROWTH & INCOME FUND712,9940 00For
Dimensional698,6170 00For
Lord Abbett677,4160 00For
JPMorgan613,4030 00For
Eaton Vance226,8680 00For
TIAA198,9850 00For
American Century174,5270 00For
State Street166,0330 00For
Goldman Sachs94,7210 00For
Pacific Life83,2310 00For
Fidelity63,3430 00For
DWS43,9900 00For
Northern Trust29,8990 00For
Putnam22,7950 00For
MML SERIES INVESTMENT FUND21,3540 00For
Equitable15,9490 4,5520Mixed
Invesco19,7220 00For
Lincoln Financial19,1010 00For
First Trust18,1530 00For

Showing the 25 largest of 55 asset managers. All 55 are in the interactive database (link above).

2. Reelect Henrik Poulsen as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 55 asset managers

The 55 asset managers below reported 20,134,789 for, 43,969 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: 20,134,789ABSTAIN: 43,969
Largest asset managers voting on “Reelect Henrik Poulsen as Director” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group6,097,1100 00For
MFS3,038,3770 00For
Vanguard2,696,7690 00For
BlackRock1,803,5620 00For
JANUS INVESTMENT FUND1,624,8470 00For
EUPAC FUND814,9820 00For
INTERNATIONAL GROWTH & INCOME FUND712,9940 00For
Dimensional698,6170 00For
Lord Abbett677,4160 00For
JPMorgan613,4030 00For
Eaton Vance226,8680 00For
TIAA198,9850 00For
American Century174,5270 00For
State Street166,0330 00For
Goldman Sachs77,5340 17,1870Mixed
Pacific Life83,2310 00For
Fidelity63,3430 00For
DWS43,9900 00For
Northern Trust29,8990 00For
Putnam22,7950 00For
MML SERIES INVESTMENT FUND21,3540 00For
Equitable15,9490 4,5520Mixed
Invesco19,7220 00For
Lincoln Financial19,1010 00For
First Trust18,1530 00For

Showing the 25 largest of 55 asset managers. All 55 are in the interactive database (link above).

3. Reelect Jens Hjorth as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FORABSTAIN
Details: votes by 55 asset managers

The 55 asset managers below reported 16,546,934 for, 3,631,824 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: 16,546,934ABSTAIN: 3,631,824
Largest asset managers voting on “Reelect Jens Hjorth as Director” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group6,097,1100 00For
MFS3,038,3770 00For
Vanguard2,696,7690 00For
BlackRock1,803,5620 00For
JANUS INVESTMENT FUND00 1,624,8470Abstain
EUPAC FUND814,9820 00For
INTERNATIONAL GROWTH & INCOME FUND712,9940 00For
Dimensional00 698,6170Abstain
Lord Abbett00 677,4160Abstain
JPMorgan613,4030 00For
Eaton Vance226,8680 00For
TIAA00 198,9850Abstain
American Century00 174,5270Abstain
State Street166,0330 00For
Goldman Sachs94,7210 00For
Pacific Life83,2310 00For
Fidelity54,5840 8,7590Mixed
DWS00 43,9900Abstain
Northern Trust00 29,8990Abstain
Putnam22,7950 00For
MML SERIES INVESTMENT FUND21,3540 00For
Equitable15,9490 4,5520Mixed
Invesco19,7220 00For
Lincoln Financial12,1390 6,9620Mixed
First Trust00 18,1530Abstain

Showing the 25 largest of 55 asset managers. All 55 are in the interactive database (link above).

4. Reelect Lilian Fossum Biner as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 55 asset managers

The 55 asset managers below reported 20,134,789 for, 43,969 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: 20,134,789ABSTAIN: 43,969
Largest asset managers voting on “Reelect Lilian Fossum Biner as Director” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group6,097,1100 00For
MFS3,038,3770 00For
Vanguard2,696,7690 00For
BlackRock1,803,5620 00For
JANUS INVESTMENT FUND1,624,8470 00For
EUPAC FUND814,9820 00For
INTERNATIONAL GROWTH & INCOME FUND712,9940 00For
Dimensional698,6170 00For
Lord Abbett677,4160 00For
JPMorgan613,4030 00For
Eaton Vance226,8680 00For
TIAA198,9850 00For
American Century174,5270 00For
State Street166,0330 00For
Goldman Sachs77,5340 17,1870Mixed
Pacific Life83,2310 00For
Fidelity63,3430 00For
DWS43,9900 00For
Northern Trust29,8990 00For
Putnam22,7950 00For
MML SERIES INVESTMENT FUND21,3540 00For
Equitable15,9490 4,5520Mixed
Invesco19,7220 00For
Lincoln Financial19,1010 00For
First Trust18,1530 00For

Showing the 25 largest of 55 asset managers. All 55 are in the interactive database (link above).

5. Reelect Magdi Batato as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 55 asset managers

The 55 asset managers below reported 20,151,976 for, 26,782 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: 20,151,976ABSTAIN: 26,782
Largest asset managers voting on “Reelect Magdi Batato as Director” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group6,097,1100 00For
MFS3,038,3770 00For
Vanguard2,696,7690 00For
BlackRock1,803,5620 00For
JANUS INVESTMENT FUND1,624,8470 00For
EUPAC FUND814,9820 00For
INTERNATIONAL GROWTH & INCOME FUND712,9940 00For
Dimensional698,6170 00For
Lord Abbett677,4160 00For
JPMorgan613,4030 00For
Eaton Vance226,8680 00For
TIAA198,9850 00For
American Century174,5270 00For
State Street166,0330 00For
Goldman Sachs94,7210 00For
Pacific Life83,2310 00For
Fidelity63,3430 00For
DWS43,9900 00For
Northern Trust29,8990 00For
Putnam22,7950 00For
MML SERIES INVESTMENT FUND21,3540 00For
Equitable15,9490 4,5520Mixed
Invesco19,7220 00For
Lincoln Financial19,1010 00For
First Trust18,1530 00For

Showing the 25 largest of 55 asset managers. All 55 are in the interactive database (link above).

6. Reelect Majken Schultz as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FORABSTAIN
Details: votes by 55 asset managers

The 55 asset managers below reported 16,529,747 for, 3,649,011 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: 16,529,747ABSTAIN: 3,649,011
Largest asset managers voting on “Reelect Majken Schultz as Director” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group6,097,1100 00For
MFS3,038,3770 00For
Vanguard2,696,7690 00For
BlackRock1,803,5620 00For
JANUS INVESTMENT FUND00 1,624,8470Abstain
EUPAC FUND814,9820 00For
INTERNATIONAL GROWTH & INCOME FUND712,9940 00For
Dimensional00 698,6170Abstain
Lord Abbett00 677,4160Abstain
JPMorgan613,4030 00For
Eaton Vance226,8680 00For
TIAA00 198,9850Abstain
American Century00 174,5270Abstain
State Street166,0330 00For
Goldman Sachs77,5340 17,1870Mixed
Pacific Life83,2310 00For
Fidelity54,5840 8,7590Mixed
DWS00 43,9900Abstain
Northern Trust00 29,8990Abstain
Putnam22,7950 00For
MML SERIES INVESTMENT FUND21,3540 00For
Equitable15,9490 4,5520Mixed
Invesco19,7220 00For
Lincoln Financial12,1390 6,9620Mixed
First Trust00 18,1530Abstain

Showing the 25 largest of 55 asset managers. All 55 are in the interactive database (link above).

7. Reelect Punita Lal as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 55 asset managers

The 55 asset managers below reported 20,134,789 for, 43,969 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: 20,134,789ABSTAIN: 43,969
Largest asset managers voting on “Reelect Punita Lal as Director” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group6,097,1100 00For
MFS3,038,3770 00For
Vanguard2,696,7690 00For
BlackRock1,803,5620 00For
JANUS INVESTMENT FUND1,624,8470 00For
EUPAC FUND814,9820 00For
INTERNATIONAL GROWTH & INCOME FUND712,9940 00For
Dimensional698,6170 00For
Lord Abbett677,4160 00For
JPMorgan613,4030 00For
Eaton Vance226,8680 00For
TIAA198,9850 00For
American Century174,5270 00For
State Street166,0330 00For
Goldman Sachs77,5340 17,1870Mixed
Pacific Life83,2310 00For
Fidelity63,3430 00For
DWS43,9900 00For
Northern Trust29,8990 00For
Putnam22,7950 00For
MML SERIES INVESTMENT FUND21,3540 00For
Equitable15,9490 4,5520Mixed
Invesco19,7220 00For
Lincoln Financial19,1010 00For
First Trust18,1530 00For

Showing the 25 largest of 55 asset managers. All 55 are in the interactive database (link above).

8. Reelect Winnie Ma as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 55 asset managers

The 55 asset managers below reported 20,151,976 for, 26,782 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: 20,151,976ABSTAIN: 26,782
Largest asset managers voting on “Reelect Winnie Ma as Director” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group6,097,1100 00For
MFS3,038,3770 00For
Vanguard2,696,7690 00For
BlackRock1,803,5620 00For
JANUS INVESTMENT FUND1,624,8470 00For
EUPAC FUND814,9820 00For
INTERNATIONAL GROWTH & INCOME FUND712,9940 00For
Dimensional698,6170 00For
Lord Abbett677,4160 00For
JPMorgan613,4030 00For
Eaton Vance226,8680 00For
TIAA198,9850 00For
American Century174,5270 00For
State Street166,0330 00For
Goldman Sachs94,7210 00For
Pacific Life83,2310 00For
Fidelity63,3430 00For
DWS43,9900 00For
Northern Trust29,8990 00For
Putnam22,7950 00For
MML SERIES INVESTMENT FUND21,3540 00For
Equitable15,9490 4,5520Mixed
Invesco19,7220 00For
Lincoln Financial19,1010 00For
First Trust18,1530 00For

Showing the 25 largest of 55 asset managers. All 55 are in the interactive database (link above).

9. Elect Bob 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 729,087 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: 729,087
Largest asset managers voting on “Elect Bob Kunze-Concewitz” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab358,0480 00For
Principal110,0790 00For
Brinker Capital Destinations Trust66,5810 00For
Mercer Funds63,2290 00For
Hartford41,0250 00For
SEI30,7580 00For
Prudential/PGIM27,6160 00For
Empower14,0200 00For
Russell Investments11,2700 00For
Venerable Variable Insurance Trust4,2800 00For
Perpetual Americas Funds Trust1,8060 00For
Brighthouse2020 00For
Adviser Managed Trust1730 00For

10. 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 729,087 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: 729,087
Largest asset managers voting on “Elect Henrik Poulsen” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab358,0480 00For
Principal110,0790 00For
Brinker Capital Destinations Trust66,5810 00For
Mercer Funds63,2290 00For
Hartford41,0250 00For
SEI30,7580 00For
Prudential/PGIM27,6160 00For
Empower14,0200 00For
Russell Investments11,2700 00For
Venerable Variable Insurance Trust4,2800 00For
Perpetual Americas Funds Trust1,8060 00For
Brighthouse2020 00For
Adviser Managed Trust1730 00For

11. 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 665,858 for, 63,229 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: 665,858ABSTAIN: 63,229
Largest asset managers voting on “Elect Jens Hjorth” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab358,0480 00For
Principal110,0790 00For
Brinker Capital Destinations Trust66,5810 00For
Mercer Funds00 63,2290Abstain
Hartford41,0250 00For
SEI30,7580 00For
Prudential/PGIM27,6160 00For
Empower14,0200 00For
Russell Investments11,2700 00For
Venerable Variable Insurance Trust4,2800 00For
Perpetual Americas Funds Trust1,8060 00For
Brighthouse2020 00For
Adviser Managed Trust1730 00For

12. Elect Lilian Fossum Biner

No official resultsDIRECTOR ELECTIONS

96% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 701,471 for, 27,616 against. 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: 701,471AGAINST: 27,616
Largest asset managers voting on “Elect Lilian Fossum Biner” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab358,0480 00For
Principal110,0790 00For
Brinker Capital Destinations Trust66,5810 00For
Mercer Funds63,2290 00For
Hartford41,0250 00For
SEI30,7580 00For
Prudential/PGIM027,616 00Against
Empower14,0200 00For
Russell Investments11,2700 00For
Venerable Variable Insurance Trust4,2800 00For
Perpetual Americas Funds Trust1,8060 00For
Brighthouse2020 00For
Adviser Managed Trust1730 00For

13. 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 729,087 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: 729,087
Largest asset managers voting on “Elect Magdi Batato” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab358,0480 00For
Principal110,0790 00For
Brinker Capital Destinations Trust66,5810 00For
Mercer Funds63,2290 00For
Hartford41,0250 00For
SEI30,7580 00For
Prudential/PGIM27,6160 00For
Empower14,0200 00For
Russell Investments11,2700 00For
Venerable Variable Insurance Trust4,2800 00For
Perpetual Americas Funds Trust1,8060 00For
Brighthouse2020 00For
Adviser Managed Trust1730 00For

14. 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 665,858 for, 63,229 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: 665,858ABSTAIN: 63,229
Largest asset managers voting on “Elect Majken Schultz” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab358,0480 00For
Principal110,0790 00For
Brinker Capital Destinations Trust66,5810 00For
Mercer Funds00 63,2290Abstain
Hartford41,0250 00For
SEI30,7580 00For
Prudential/PGIM27,6160 00For
Empower14,0200 00For
Russell Investments11,2700 00For
Venerable Variable Insurance Trust4,2800 00For
Perpetual Americas Funds Trust1,8060 00For
Brighthouse2020 00For
Adviser Managed Trust1730 00For

15. 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 729,087 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: 729,087
Largest asset managers voting on “Elect Punita Lal” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab358,0480 00For
Principal110,0790 00For
Brinker Capital Destinations Trust66,5810 00For
Mercer Funds63,2290 00For
Hartford41,0250 00For
SEI30,7580 00For
Prudential/PGIM27,6160 00For
Empower14,0200 00For
Russell Investments11,2700 00For
Venerable Variable Insurance Trust4,2800 00For
Perpetual Americas Funds Trust1,8060 00For
Brighthouse2020 00For
Adviser Managed Trust1730 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 729,087 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: 729,087
Largest asset managers voting on “Elect Winnie Ma” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab358,0480 00For
Principal110,0790 00For
Brinker Capital Destinations Trust66,5810 00For
Mercer Funds63,2290 00For
Hartford41,0250 00For
SEI30,7580 00For
Prudential/PGIM27,6160 00For
Empower14,0200 00For
Russell Investments11,2700 00For
Venerable Variable Insurance Trust4,2800 00For
Perpetual Americas Funds Trust1,8060 00For
Brighthouse2020 00For
Adviser Managed Trust1730 00For

17. 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 7 asset managers

The 7 asset managers below reported 842,030 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: 842,030
Largest asset managers voting on “ELECTION OF MEMBER TO THE SUPERVISORY BOARD: RE-ELECTION OF BOB KUNZE-CONCEWITZ” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Bridge Builder Trust332,5130 00For
HARBOR FUNDS268,7030 00For
Six Circles Trust198,8840 00For
John Hancock27,1120 00For
Jackson National13,5900 00For
PFM Multi-Manager Series Trust8870 00For
ETF Opportunities Trust3410 00For

18. 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 7 asset managers

The 7 asset managers below reported 842,030 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: 842,030
Largest asset managers voting on “ELECTION OF MEMBER TO THE SUPERVISORY BOARD: RE-ELECTION OF HENRIK POULSEN” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Bridge Builder Trust332,5130 00For
HARBOR FUNDS268,7030 00For
Six Circles Trust198,8840 00For
John Hancock27,1120 00For
Jackson National13,5900 00For
PFM Multi-Manager Series Trust8870 00For
ETF Opportunities Trust3410 00For

19. ELECTION OF MEMBER TO THE SUPERVISORY BOARD: RE-ELECTION OF JENS HJORTH

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FORABSTAIN
Details: votes by 7 asset managers

The 7 asset managers below reported 248,903 for, 593,127 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: 248,903ABSTAIN: 593,127
Largest asset managers voting on “ELECTION OF MEMBER TO THE SUPERVISORY BOARD: RE-ELECTION OF JENS HJORTH” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Bridge Builder Trust46,2160 286,2970Mixed
HARBOR FUNDS00 268,7030Abstain
Six Circles Trust198,8840 00For
John Hancock3,4540 23,6580Mixed
Jackson National80 13,5820Abstain
PFM Multi-Manager Series Trust00 8870Abstain
ETF Opportunities Trust3410 00For

20. 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 7 asset managers

The 7 asset managers below reported 842,030 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: 842,030
Largest asset managers voting on “ELECTION OF MEMBER TO THE SUPERVISORY BOARD: RE-ELECTION OF LILIAN FOSSUM BINER” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Bridge Builder Trust332,5130 00For
HARBOR FUNDS268,7030 00For
Six Circles Trust198,8840 00For
John Hancock27,1120 00For
Jackson National13,5900 00For
PFM Multi-Manager Series Trust8870 00For
ETF Opportunities Trust3410 00For

21. 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 7 asset managers

The 7 asset managers below reported 842,030 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: 842,030
Largest asset managers voting on “ELECTION OF MEMBER TO THE SUPERVISORY BOARD: RE-ELECTION OF MAGDI BATATO” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Bridge Builder Trust332,5130 00For
HARBOR FUNDS268,7030 00For
Six Circles Trust198,8840 00For
John Hancock27,1120 00For
Jackson National13,5900 00For
PFM Multi-Manager Series Trust8870 00For
ETF Opportunities Trust3410 00For

22. 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 7 asset managers

The 7 asset managers below reported 248,903 for, 593,127 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: 248,903ABSTAIN: 593,127
Largest asset managers voting on “ELECTION OF MEMBER TO THE SUPERVISORY BOARD: RE-ELECTION OF MAJKEN SCHULTZ” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Bridge Builder Trust46,2160 286,2970Mixed
HARBOR FUNDS00 268,7030Abstain
Six Circles Trust198,8840 00For
John Hancock3,4540 23,6580Mixed
Jackson National80 13,5820Abstain
PFM Multi-Manager Series Trust00 8870Abstain
ETF Opportunities Trust3410 00For

23. 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 7 asset managers

The 7 asset managers below reported 842,030 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: 842,030
Largest asset managers voting on “ELECTION OF MEMBER TO THE SUPERVISORY BOARD: RE-ELECTION OF PUNITA LAL” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Bridge Builder Trust332,5130 00For
HARBOR FUNDS268,7030 00For
Six Circles Trust198,8840 00For
John Hancock27,1120 00For
Jackson National13,5900 00For
PFM Multi-Manager Series Trust8870 00For
ETF Opportunities Trust3410 00For

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

No official resultsCAPITAL STRUCTURECORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 55 asset managers

The 55 asset managers below reported 20,178,758 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: 20,178,758
Largest asset managers voting on “Accept Financial Statements and Statutory Reports; Approve Discharge of Management and Board” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group6,097,1100 00For
MFS3,038,3770 00For
Vanguard2,696,7690 00For
BlackRock1,803,5620 00For
JANUS INVESTMENT FUND1,624,8470 00For
EUPAC FUND814,9820 00For
INTERNATIONAL GROWTH & INCOME FUND712,9940 00For
Dimensional698,6170 00For
Lord Abbett677,4160 00For
JPMorgan613,4030 00For
Eaton Vance226,8680 00For
TIAA198,9850 00For
American Century174,5270 00For
State Street166,0330 00For
Goldman Sachs94,7210 00For
Pacific Life83,2310 00For
Fidelity63,3430 00For
DWS43,9900 00For
Northern Trust29,8990 00For
Putnam22,7950 00For
MML SERIES INVESTMENT FUND21,3540 00For
Equitable20,5010 00For
Invesco19,7220 00For
Lincoln Financial19,1010 00For
First Trust18,1530 00For

Showing the 25 largest of 55 asset managers. All 55 are in the interactive database (link above).

25. Approve Allocation of Income and Dividends of DKK 29 Per Share

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 55 asset managers

The 55 asset managers below reported 20,178,758 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: 20,178,758
Largest asset managers voting on “Approve Allocation of Income and Dividends of DKK 29 Per Share” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group6,097,1100 00For
MFS3,038,3770 00For
Vanguard2,696,7690 00For
BlackRock1,803,5620 00For
JANUS INVESTMENT FUND1,624,8470 00For
EUPAC FUND814,9820 00For
INTERNATIONAL GROWTH & INCOME FUND712,9940 00For
Dimensional698,6170 00For
Lord Abbett677,4160 00For
JPMorgan613,4030 00For
Eaton Vance226,8680 00For
TIAA198,9850 00For
American Century174,5270 00For
State Street166,0330 00For
Goldman Sachs94,7210 00For
Pacific Life83,2310 00For
Fidelity63,3430 00For
DWS43,9900 00For
Northern Trust29,8990 00For
Putnam22,7950 00For
MML SERIES INVESTMENT FUND21,3540 00For
Equitable20,5010 00For
Invesco19,7220 00For
Lincoln Financial19,1010 00For
First Trust18,1530 00For

Showing the 25 largest of 55 asset managers. All 55 are in the interactive database (link above).

26. 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 729,087 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: 729,087
Largest asset managers voting on “Accounts and Reports; Ratification of Board and Management Acts” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab358,0480 00For
Principal110,0790 00For
Brinker Capital Destinations Trust66,5810 00For
Mercer Funds63,2290 00For
Hartford41,0250 00For
SEI30,7580 00For
Prudential/PGIM27,6160 00For
Empower14,0200 00For
Russell Investments11,2700 00For
Venerable Variable Insurance Trust4,2800 00For
Perpetual Americas Funds Trust1,8060 00For
Brighthouse2020 00For
Adviser Managed Trust1730 00For

27. 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 729,087 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: 729,087
Largest asset managers voting on “Allocation of Profits/Dividends” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab358,0480 00For
Principal110,0790 00For
Brinker Capital Destinations Trust66,5810 00For
Mercer Funds63,2290 00For
Hartford41,0250 00For
SEI30,7580 00For
Prudential/PGIM27,6160 00For
Empower14,0200 00For
Russell Investments11,2700 00For
Venerable Variable Insurance Trust4,2800 00For
Perpetual Americas Funds Trust1,8060 00For
Brighthouse2020 00For
Adviser Managed Trust1730 00For

28. 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 55 asset managers

The 55 asset managers below reported 20,178,758 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: 20,178,758
Largest asset managers voting on “Authorize Editorial Changes to Adopted Resolutions in Connection with Registration with Danish Authorities” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group6,097,1100 00For
MFS3,038,3770 00For
Vanguard2,696,7690 00For
BlackRock1,803,5620 00For
JANUS INVESTMENT FUND1,624,8470 00For
EUPAC FUND814,9820 00For
INTERNATIONAL GROWTH & INCOME FUND712,9940 00For
Dimensional698,6170 00For
Lord Abbett677,4160 00For
JPMorgan613,4030 00For
Eaton Vance226,8680 00For
TIAA198,9850 00For
American Century174,5270 00For
State Street166,0330 00For
Goldman Sachs94,7210 00For
Pacific Life83,2310 00For
Fidelity63,3430 00For
DWS43,9900 00For
Northern Trust29,8990 00For
Putnam22,7950 00For
MML SERIES INVESTMENT FUND21,3540 00For
Equitable20,5010 00For
Invesco19,7220 00For
Lincoln Financial19,1010 00For
First Trust18,1530 00For

Showing the 25 largest of 55 asset managers. All 55 are in the interactive database (link above).

29. 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 729,087 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: 729,087
Largest asset managers voting on “Authorization of Legal Formalities” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab358,0480 00For
Principal110,0790 00For
Brinker Capital Destinations Trust66,5810 00For
Mercer Funds63,2290 00For
Hartford41,0250 00For
SEI30,7580 00For
Prudential/PGIM27,6160 00For
Empower14,0200 00For
Russell Investments11,2700 00For
Venerable Variable Insurance Trust4,2800 00For
Perpetual Americas Funds Trust1,8060 00For
Brighthouse2020 00For
Adviser Managed Trust1730 00For

30. Authorisation to the chair of the general meeting

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 7 asset managers

Description as filed by funds: AUTHORISATION TO THE CHAIR OF THE GENERAL MEETING

The 7 asset managers below reported 842,030 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: 842,030
Largest asset managers voting on “AUTHORISATION TO THE CHAIR OF THE GENERAL MEETING” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Bridge Builder Trust332,5130 00For
HARBOR FUNDS268,7030 00For
Six Circles Trust198,8840 00For
John Hancock27,1120 00For
Jackson National13,5900 00For
PFM Multi-Manager Series Trust8870 00For
ETF Opportunities Trust3410 00For

31. Approve Remuneration of Directors

100% of fund votes cast · no official result

FOR
Details: votes by 55 asset managers

The 55 asset managers below reported 20,178,758 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: 20,178,758
Largest asset managers voting on “Approve Remuneration of Directors” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group6,097,1100 00For
MFS3,038,3770 00For
Vanguard2,696,7690 00For
BlackRock1,803,5620 00For
JANUS INVESTMENT FUND1,624,8470 00For
EUPAC FUND814,9820 00For
INTERNATIONAL GROWTH & INCOME FUND712,9940 00For
Dimensional698,6170 00For
Lord Abbett677,4160 00For
JPMorgan613,4030 00For
Eaton Vance226,8680 00For
TIAA198,9850 00For
American Century174,5270 00For
State Street166,0330 00For
Goldman Sachs94,7210 00For
Pacific Life83,2310 00For
Fidelity63,3430 00For
DWS43,9900 00For
Northern Trust29,8990 00For
Putnam22,7950 00For
MML SERIES INVESTMENT FUND21,3540 00For
Equitable20,5010 00For
Invesco19,7220 00For
Lincoln Financial19,1010 00For
First Trust18,1530 00For

Showing the 25 largest of 55 asset managers. All 55 are in the interactive database (link above).

32. Directors' Fees

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 729,087 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: 729,087
Largest asset managers voting on “Directors' Fees” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab358,0480 00For
Principal110,0790 00For
Brinker Capital Destinations Trust66,5810 00For
Mercer Funds63,2290 00For
Hartford41,0250 00For
SEI30,7580 00For
Prudential/PGIM27,6160 00For
Empower14,0200 00For
Russell Investments11,2700 00For
Venerable Variable Insurance Trust4,2800 00For
Perpetual Americas Funds Trust1,8060 00For
Brighthouse2020 00For
Adviser Managed Trust1730 00For

33. Approve Remuneration Report (Advisory Vote)

99.1% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 56 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: 55 asset managers voting on “Approve Remuneration Report (Advisory Vote)” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group6,097,1100 00For
MFS3,038,3770 00For
Vanguard2,696,7690 00For
BlackRock1,803,5620 00For
JANUS INVESTMENT FUND1,624,8470 00For
EUPAC FUND814,9820 00For
INTERNATIONAL GROWTH & INCOME FUND712,9940 00For
Dimensional698,6170 00For
Lord Abbett677,4160 00For
JPMorgan613,4030 00For
Eaton Vance226,8680 00For
TIAA0198,985 00Against
American Century174,5270 00For
State Street166,0330 00For
Goldman Sachs94,7210 00For
Pacific Life83,2310 00For
Fidelity63,3430 00For
DWS43,9900 00For
Northern Trust29,8990 00For
Putnam22,7950 00For
MML SERIES INVESTMENT FUND21,3540 00For
Equitable20,5010 00For
Invesco19,7220 00For
Lincoln Financial19,1010 00For
First Trust18,1530 00For

Fund voting reports, all 55 managers: 19,979,773 for, 198,985 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, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock1,837,5950 00For
JPMorgan1,235,0120 00For
APG Asset Management US Inc.213,0720 00For

Institutional-manager reports, all 3 managers: 3,285,679 for.

34. Approve Remuneration Policy

99.0% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 55 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: 55 asset managers voting on “Approve Remuneration Policy” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group6,097,1100 00For
MFS3,038,3770 00For
Vanguard2,696,7690 00For
BlackRock1,803,5620 00For
JANUS INVESTMENT FUND1,624,8470 00For
EUPAC FUND814,9820 00For
INTERNATIONAL GROWTH & INCOME FUND712,9940 00For
Dimensional698,6170 00For
Lord Abbett677,4160 00For
JPMorgan613,4030 00For
Eaton Vance226,8680 00For
TIAA0198,985 00Against
American Century174,5270 00For
State Street166,0330 00For
Goldman Sachs94,7210 00For
Pacific Life83,2310 00For
Fidelity63,3430 00For
DWS43,9900 00For
Northern Trust29,8990 00For
Putnam22,7950 00For
MML SERIES INVESTMENT FUND21,3540 00For
Equitable20,5010 00For
Invesco19,7220 00For
Lincoln Financial19,1010 00For
First Trust18,1530 00For

Fund voting reports, all 55 managers: 19,979,773 for, 198,985 against. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 1 asset manager voting on “Approve Remuneration Policy” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock1,807,8450 00For

Institutional-manager reports, all 1 managers: 1,807,845 for.

35. Presentation of and advisory vote on the 2025 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 16 asset managers

Description as filed by funds: PRESENTATION OF AND ADVISORY VOTE ON THE 2025 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: 7 asset managers voting on “PRESENTATION OF AND ADVISORY VOTE ON THE 2025 REMUNERATION REPORT” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Bridge Builder Trust332,5130 00For
HARBOR FUNDS268,7030 00For
Six Circles Trust198,8840 00For
John Hancock27,1120 00For
Jackson National13,5900 00For
PFM Multi-Manager Series Trust8870 00For
ETF Opportunities Trust3410 00For

Fund voting reports, all 7 managers: 842,030 for.

Institutional-manager reports: 9 asset managers voting on “PRESENTATION OF AND ADVISORY VOTE ON THE 2025 REMUNERATION REPORT” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock2,197,5630 00For
Korea Investment CORP62,7200 00For
Northern Trust15,2530 00For
1832 Asset Management L.P.7,0800 00For
GARDNER RUSSO & QUINN LLC5,1020 00For
Madison Investment Advisors, LLC2,7700 00For
S-Bank Fund Management Ltd1,1990 00For
NATIONAL BANK INVESTMENTS INC.6060 00For
ROCKEFELLER FINANCIAL LLC100 00For

Institutional-manager reports, all 9 managers: 2,292,303 for.

36. Remuneration Policy

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 729,087 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: 729,087
Largest asset managers voting on “Remuneration Policy” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab358,0480 00For
Principal110,0790 00For
Brinker Capital Destinations Trust66,5810 00For
Mercer Funds63,2290 00For
Hartford41,0250 00For
SEI30,7580 00For
Prudential/PGIM27,6160 00For
Empower14,0200 00For
Russell Investments11,2700 00For
Venerable Variable Insurance Trust4,2800 00For
Perpetual Americas Funds Trust1,8060 00For
Brighthouse2020 00For
Adviser Managed Trust1730 00For

37. Remuneration Report

94% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 687,860 for, 41,227 against. 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: 687,860AGAINST: 41,227
Largest asset managers voting on “Remuneration Report” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab358,0480 00For
Principal110,0790 00For
Brinker Capital Destinations Trust66,5810 00For
Mercer Funds63,2290 00For
Hartford041,025 00Against
SEI30,7580 00For
Prudential/PGIM27,6160 00For
Empower14,0200 00For
Russell Investments11,2700 00For
Venerable Variable Insurance Trust4,2800 00For
Perpetual Americas Funds Trust1,8060 00For
Brighthouse0202 00Against
Adviser Managed Trust1730 00For

38. Proposals from the supervisory board proposals from the supervisory board or the shareholders: adoption of amended…

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 8 asset managers

Description as filed by funds: PROPOSALS FROM THE SUPERVISORY BOARD PROPOSALS FROM THE SUPERVISORY BOARD OR THE SHAREHOLDERS: ADOPTION OF AMENDED REMUNERATION POLICY FOR THE SUPERVISORY BOARD AND THE EXECUTIVE BOARD OFCARLSBERG A/S

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: 7 asset managers voting on “PROPOSALS FROM THE SUPERVISORY BOARD PROPOSALS FROM THE SUPERVISORY BOARD OR THE SHAREHOLDERS: ADOPTION OF AME” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Bridge Builder Trust332,5130 00For
HARBOR FUNDS268,7030 00For
Six Circles Trust198,8840 00For
John Hancock27,1120 00For
Jackson National13,5900 00For
PFM Multi-Manager Series Trust8870 00For
ETF Opportunities Trust3410 00For

Fund voting reports, all 7 managers: 842,030 for.

Institutional-manager reports: 1 asset manager voting on “PROPOSALS FROM THE SUPERVISORY BOARD PROPOSALS FROM THE SUPERVISORY BOARD OR THE SHAREHOLDERS: ADOPTION OF AME” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock2,197,5630 00For

Institutional-manager reports, all 1 managers: 2,197,563 for.

39. Ratify PricewaterhouseCoopers as Auditors; Appoint PricewaterhouseCoopers as Auditor for Sustainability Reporting

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 55 asset managers

The 55 asset managers below reported 20,178,758 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: 20,178,758
Largest asset managers voting on “Ratify PricewaterhouseCoopers as Auditors; Appoint PricewaterhouseCoopers as Auditor for Sustainability Report” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group6,097,1100 00For
MFS3,038,3770 00For
Vanguard2,696,7690 00For
BlackRock1,803,5620 00For
JANUS INVESTMENT FUND1,624,8470 00For
EUPAC FUND814,9820 00For
INTERNATIONAL GROWTH & INCOME FUND712,9940 00For
Dimensional698,6170 00For
Lord Abbett677,4160 00For
JPMorgan613,4030 00For
Eaton Vance226,8680 00For
TIAA198,9850 00For
American Century174,5270 00For
State Street166,0330 00For
Goldman Sachs94,7210 00For
Pacific Life83,2310 00For
Fidelity63,3430 00For
DWS43,9900 00For
Northern Trust29,8990 00For
Putnam22,7950 00For
MML SERIES INVESTMENT FUND21,3540 00For
Equitable20,5010 00For
Invesco19,7220 00For
Lincoln Financial19,1010 00For
First Trust18,1530 00For

Showing the 25 largest of 55 asset managers. All 55 are in the interactive database (link above).

40. 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 729,087 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: 729,087
Largest asset managers voting on “Appointment of Auditor; Appointment of Auditor for Sustainability Reporting” at Carlsberg A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab358,0480 00For
Principal110,0790 00For
Brinker Capital Destinations Trust66,5810 00For
Mercer Funds63,2290 00For
Hartford41,0250 00For
SEI30,7580 00For
Prudential/PGIM27,6160 00For
Empower14,0200 00For
Russell Investments11,2700 00For
Venerable Variable Insurance Trust4,2800 00For
Perpetual Americas Funds Trust1,8060 00For
Brighthouse2020 00For
Adviser Managed Trust1730 00For

Showing the 40 reported items with the widest manager coverage, of 46 in total. Every item is in the interactive database (link above).

Largest Carlsberg A/S shareholders voting in 2025-2026

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)”, 2025-2026
#Asset manager Shares voted
1Capital Group 6,097,110
2MFS 3,038,377
3Vanguard 2,696,769
4BlackRock 1,803,562
5JANUS INVESTMENT FUND 1,624,847
6EUPAC FUND 814,982
7INTERNATIONAL GROWTH & INCOME FUND 712,994
8Dimensional 698,617
9Lord Abbett 677,416
10JPMorgan 613,403
Institutional-manager reports: top Carlsberg A/S shareholders by shares voted on “PRESENTATION OF AND ADVISORY VOTE ON THE 2025 REMUNERATION REPORT”, 2025-2026
#Asset manager Shares voted
1BlackRock 2,197,563
2Korea Investment CORP 62,720
3Northern Trust 15,253
41832 Asset Management L.P. 7,080
5GARDNER RUSSO & QUINN LLC 5,102
6Madison Investment Advisors, LLC 2,770
7S-Bank Fund Management Ltd 1,199
8NATIONAL BANK INVESTMENTS INC. 606
9ROCKEFELLER FINANCIAL LLC 10

Shown as share counts, not percentages: no shares-outstanding figure has been matched to Carlsberg A/S for the 2025-2026 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 · 2025-2026 (this page).

Cite this page

proxyvotesnow.com, “Carlsberg A/S 2026 Annual Meeting: Vote Results & How Funds Voted”, https://proxyvotesnow.com/company/carlsberg-a-s/2026 (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.