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Danone SA 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings. Page generated 02 October 2026.

51Reported items
128Asset managers
6,411Fund votes
2026-04-23Meeting date

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

Explore Danone SA in the interactive database Compare manager voting policies

How asset managers voted at the Danone SA 2025-2026 meeting

Each item below shows how the 128 asset managers that disclosed a Danone SA 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 Danone SA’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. Approve Compensation of Antoine de Saint-Affrique, CEO

COMPENSATION

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 81 asset managers below cast 100% of the shares they voted on this item FOR (136,841,095 for, 0 against).

FOR: 136,841,095 (100.0%)

Largest asset managers voting on “Approve Compensation of Antoine de Saint-Affrique, CEO” at Danone SA, 2025-2026
Asset manager	For	Vote
BlackRock	33,322,976	For
Vanguard	20,011,772	For
Fidelity	16,497,072	For
Capital Group	14,973,920	For
Goldman Sachs	8,728,390	For
FIRST EAGLE FUNDS	8,719,785	For
Dodge & Cox	7,036,200	For
EUPAC FUND	3,692,024	For
FRANKLIN MUTUAL SERIES FUNDS	2,690,320	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,534,000	For
State Street	1,861,651	For
Legg Mason	1,796,749	For
TIAA	1,772,703	For
APG Asset Management US Inc.	1,722,056	For
JPMorgan	1,545,540	For
MFS	998,314	For
Putnam	820,275	For
INTERNATIONAL GROWTH & INCOME FUND	648,292	For
Perpetual Americas Funds Trust	647,335	For
Dimensional	511,515	For
Invesco	500,407	For
JANUS INVESTMENT FUND	469,625	For
WisdomTree	460,340	For
Brighthouse	431,714	For
RBB Fund Trust	388,148	For

Showing the 25 largest of 81 asset managers. See all 81 in the interactive database.

2. Approve Remuneration Policy of Executive Corporate Officers

COMPENSATION

100% fund support · no official result

FOR 100%

The 80 asset managers below cast 100% of the shares they voted on this item FOR (131,288,051 for, 0 against).

FOR: 131,288,051 (100.0%)

Largest asset managers voting on “Approve Remuneration Policy of Executive Corporate Officers” at Danone SA, 2025-2026
Asset manager	For	Vote
BlackRock	30,395,548	For
Vanguard	20,011,772	For
Fidelity	16,497,072	For
Capital Group	14,973,920	For
Goldman Sachs	8,728,390	For
FIRST EAGLE FUNDS	8,719,785	For
Dodge & Cox	7,036,200	For
EUPAC FUND	3,692,024	For
FRANKLIN MUTUAL SERIES FUNDS	2,690,320	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,534,000	For
State Street	1,861,651	For
Legg Mason	1,796,749	For
TIAA	1,772,703	For
MFS	998,314	For
Putnam	820,275	For
INTERNATIONAL GROWTH & INCOME FUND	648,292	For
Perpetual Americas Funds Trust	647,335	For
JPMorgan	645,926	For
Dimensional	511,515	For
Invesco	500,407	For
JANUS INVESTMENT FUND	469,625	For
WisdomTree	460,340	For
Brighthouse	431,714	For
RBB Fund Trust	388,148	For
Equitable	320,200	For

Showing the 25 largest of 80 asset managers. See all 80 in the interactive database.

3. Approve Compensation of Gilles Schnepp, Chairman of the Board

COMPENSATION

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 80 asset managers below cast 100% of the shares they voted on this item FOR (136,836,185 for, 0 against).

FOR: 136,836,185 (100.0%)

Largest asset managers voting on “Approve Compensation of Gilles Schnepp, Chairman of the Board” at Danone SA, 2025-2026
Asset manager	For	Vote
BlackRock	33,322,976	For
Vanguard	20,011,772	For
Fidelity	16,497,072	For
Capital Group	14,973,920	For
Goldman Sachs	8,728,390	For
FIRST EAGLE FUNDS	8,719,785	For
Dodge & Cox	7,036,200	For
EUPAC FUND	3,692,024	For
FRANKLIN MUTUAL SERIES FUNDS	2,690,320	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,534,000	For
State Street	1,861,651	For
Legg Mason	1,796,749	For
TIAA	1,772,703	For
APG Asset Management US Inc.	1,722,056	For
JPMorgan	1,545,540	For
MFS	998,314	For
Putnam	820,275	For
INTERNATIONAL GROWTH & INCOME FUND	648,292	For
Perpetual Americas Funds Trust	647,335	For
Dimensional	511,515	For
Invesco	500,407	For
JANUS INVESTMENT FUND	469,625	For
WisdomTree	460,340	For
Brighthouse	431,714	For
RBB Fund Trust	388,148	For

Showing the 25 largest of 80 asset managers. See all 80 in the interactive database.

4. Approve Remuneration Policy of Chairman of the Board

COMPENSATION

100% fund support · no official result

FOR 100%

The 79 asset managers below cast 100% of the shares they voted on this item FOR (131,285,287 for, 0 against).

FOR: 131,285,287 (100.0%)

Largest asset managers voting on “Approve Remuneration Policy of Chairman of the Board” at Danone SA, 2025-2026
Asset manager	For	Vote
BlackRock	30,395,548	For
Vanguard	20,011,772	For
Fidelity	16,497,072	For
Capital Group	14,973,920	For
Goldman Sachs	8,728,390	For
FIRST EAGLE FUNDS	8,719,785	For
Dodge & Cox	7,036,200	For
EUPAC FUND	3,692,024	For
FRANKLIN MUTUAL SERIES FUNDS	2,690,320	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,534,000	For
State Street	1,861,651	For
Legg Mason	1,796,749	For
TIAA	1,772,703	For
MFS	998,314	For
Putnam	820,275	For
INTERNATIONAL GROWTH & INCOME FUND	648,292	For
Perpetual Americas Funds Trust	647,335	For
JPMorgan	645,926	For
Dimensional	511,515	For
Invesco	500,407	For
JANUS INVESTMENT FUND	469,625	For
WisdomTree	460,340	For
Brighthouse	431,714	For
RBB Fund Trust	388,148	For
Equitable	320,200	For

Showing the 25 largest of 79 asset managers. See all 79 in the interactive database.

5. Approve Remuneration Policy of Directors

COMPENSATION

100% fund support · no official result

FOR 100%

The 79 asset managers below cast 100% of the shares they voted on this item FOR (131,285,287 for, 0 against).

FOR: 131,285,287 (100.0%)

Largest asset managers voting on “Approve Remuneration Policy of Directors” at Danone SA, 2025-2026
Asset manager	For	Vote
BlackRock	30,395,548	For
Vanguard	20,011,772	For
Fidelity	16,497,072	For
Capital Group	14,973,920	For
Goldman Sachs	8,728,390	For
FIRST EAGLE FUNDS	8,719,785	For
Dodge & Cox	7,036,200	For
EUPAC FUND	3,692,024	For
FRANKLIN MUTUAL SERIES FUNDS	2,690,320	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,534,000	For
State Street	1,861,651	For
Legg Mason	1,796,749	For
TIAA	1,772,703	For
MFS	998,314	For
Putnam	820,275	For
INTERNATIONAL GROWTH & INCOME FUND	648,292	For
Perpetual Americas Funds Trust	647,335	For
JPMorgan	645,926	For
Dimensional	511,515	For
Invesco	500,407	For
JANUS INVESTMENT FUND	469,625	For
WisdomTree	460,340	For
Brighthouse	431,714	For
RBB Fund Trust	388,148	For
Equitable	320,200	For

Showing the 25 largest of 79 asset managers. See all 79 in the interactive database.

6. Approve Allocation of Income and Dividends of EUR 2.25 per Share

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 78 asset managers below cast 100% of the shares they voted on this item FOR (114,845,145 for, 0 against).

FOR: 114,845,145 (100.0%)

Largest asset managers voting on “Approve Allocation of Income and Dividends of EUR 2.25 per Share” at Danone SA, 2025-2026
Asset manager	For	Vote
Vanguard	20,011,772	For
Fidelity	16,497,072	For
Capital Group	14,973,920	For
BlackRock	13,955,444	For
Goldman Sachs	8,728,390	For
FIRST EAGLE FUNDS	8,719,785	For
Dodge & Cox	7,036,200	For
EUPAC FUND	3,692,024	For
FRANKLIN MUTUAL SERIES FUNDS	2,690,320	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,534,000	For
State Street	1,861,651	For
Legg Mason	1,796,749	For
TIAA	1,772,703	For
MFS	998,314	For
Putnam	820,275	For
INTERNATIONAL GROWTH & INCOME FUND	648,292	For
Perpetual Americas Funds Trust	647,335	For
JPMorgan	645,926	For
Dimensional	511,515	For
Invesco	500,407	For
JANUS INVESTMENT FUND	469,625	For
WisdomTree	460,340	For
Brighthouse	431,714	For
RBB Fund Trust	388,148	For
Equitable	320,200	For

Showing the 25 largest of 78 asset managers. See all 78 in the interactive database.

7. Approve Compensation Report of Corporate Officers

COMPENSATION

99.8% fund support · no official result

FOR 99.8%

The 78 asset managers below cast 99.8% of the shares they voted on this item FOR (114,684,545 for, 162,400 against).

FOR: 114,684,545 (99.9%)AGAINST: 162,400 (0.1%)

Largest asset managers voting on “Approve Compensation Report of Corporate Officers” at Danone SA, 2025-2026
Asset manager	For	Vote
Vanguard	20,011,772	For
Fidelity	16,497,072	For
Capital Group	14,973,920	For
BlackRock	13,955,444	For
Goldman Sachs	8,728,390	For
FIRST EAGLE FUNDS	8,719,785	For
Dodge & Cox	7,036,200	For
EUPAC FUND	3,692,024	For
FRANKLIN MUTUAL SERIES FUNDS	2,690,320	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,534,000	For
State Street	1,861,651	For
Legg Mason	1,796,749	For
TIAA	1,772,703	For
MFS	998,314	For
Putnam	820,275	For
INTERNATIONAL GROWTH & INCOME FUND	648,292	For
Perpetual Americas Funds Trust	647,335	For
JPMorgan	645,926	For
Dimensional	511,515	For
Invesco	500,407	For
JANUS INVESTMENT FUND	469,625	For
WisdomTree	460,340	For
Brighthouse	431,714	For
RBB Fund Trust	388,148	For
Equitable	320,200	For

Showing the 25 largest of 78 asset managers. See all 78 in the interactive database.

8. Approve Consolidated Financial Statements and Statutory Reports

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 78 asset managers below cast 100% of the shares they voted on this item FOR (114,845,145 for, 0 against).

FOR: 114,845,145 (100.0%)

Largest asset managers voting on “Approve Consolidated Financial Statements and Statutory Reports” at Danone SA, 2025-2026
Asset manager	For	Vote
Vanguard	20,011,772	For
Fidelity	16,497,072	For
Capital Group	14,973,920	For
BlackRock	13,955,444	For
Goldman Sachs	8,728,390	For
FIRST EAGLE FUNDS	8,719,785	For
Dodge & Cox	7,036,200	For
EUPAC FUND	3,692,024	For
FRANKLIN MUTUAL SERIES FUNDS	2,690,320	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,534,000	For
State Street	1,861,651	For
Legg Mason	1,796,749	For
TIAA	1,772,703	For
MFS	998,314	For
Putnam	820,275	For
INTERNATIONAL GROWTH & INCOME FUND	648,292	For
Perpetual Americas Funds Trust	647,335	For
JPMorgan	645,926	For
Dimensional	511,515	For
Invesco	500,407	For
JANUS INVESTMENT FUND	469,625	For
WisdomTree	460,340	For
Brighthouse	431,714	For
RBB Fund Trust	388,148	For
Equitable	320,200	For

Showing the 25 largest of 78 asset managers. See all 78 in the interactive database.

9. Approve Financial Statements and Statutory Reports

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 78 asset managers below cast 100% of the shares they voted on this item FOR (114,845,145 for, 0 against).

FOR: 114,845,145 (100.0%)

Largest asset managers voting on “Approve Financial Statements and Statutory Reports” at Danone SA, 2025-2026
Asset manager	For	Vote
Vanguard	20,011,772	For
Fidelity	16,497,072	For
Capital Group	14,973,920	For
BlackRock	13,955,444	For
Goldman Sachs	8,728,390	For
FIRST EAGLE FUNDS	8,719,785	For
Dodge & Cox	7,036,200	For
EUPAC FUND	3,692,024	For
FRANKLIN MUTUAL SERIES FUNDS	2,690,320	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,534,000	For
State Street	1,861,651	For
Legg Mason	1,796,749	For
TIAA	1,772,703	For
MFS	998,314	For
Putnam	820,275	For
INTERNATIONAL GROWTH & INCOME FUND	648,292	For
Perpetual Americas Funds Trust	647,335	For
JPMorgan	645,926	For
Dimensional	511,515	For
Invesco	500,407	For
JANUS INVESTMENT FUND	469,625	For
WisdomTree	460,340	For
Brighthouse	431,714	For
RBB Fund Trust	388,148	For
Equitable	320,200	For

Showing the 25 largest of 78 asset managers. See all 78 in the interactive database.

10. Authorize Capital Issuances for Use in Employee Stock Purchase Plans

COMPENSATION

97% fund support · no official result

FOR 97%

The 78 asset managers below cast 97% of the shares they voted on this item FOR (111,782,149 for, 3,062,996 against).

FOR: 111,782,149 (97.3%)AGAINST: 3,062,996 (2.7%)

Largest asset managers voting on “Authorize Capital Issuances for Use in Employee Stock Purchase Plans” at Danone SA, 2025-2026
Asset manager	For	Against	Vote
Vanguard	20,011,772	0	For
Fidelity	16,497,072	0	For
Capital Group	14,973,920	0	For
BlackRock	13,955,444	0	For
Goldman Sachs	8,728,390	0	For
FIRST EAGLE FUNDS	8,719,785	0	For
Dodge & Cox	7,036,200	0	For
EUPAC FUND	3,692,024	0	For
FRANKLIN MUTUAL SERIES FUNDS	2,690,320	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	0	2,534,000	Against
State Street	1,861,651	0	For
Legg Mason	1,796,749	0	For
TIAA	1,772,703	0	For
MFS	998,314	0	For
Putnam	820,275	0	For
INTERNATIONAL GROWTH & INCOME FUND	648,292	0	For
Perpetual Americas Funds Trust	647,335	0	For
JPMorgan	645,926	0	For
Dimensional	511,515	0	For
Invesco	500,407	0	For
JANUS INVESTMENT FUND	469,625	0	For
WisdomTree	460,340	0	For
Brighthouse	56,914	374,800	Against
RBB Fund Trust	388,148	0	For
Equitable	262,900	57,300	For

Showing the 25 largest of 78 asset managers. See all 78 in the interactive database.

11. Authorize Capital Issuances for Use in Employee Stock Purchase Plans Reserved for Employees of International Subsidiaries

COMPENSATION

97% fund support · no official result

FOR 97%

The 78 asset managers below cast 97% of the shares they voted on this item FOR (111,782,149 for, 3,062,996 against).

FOR: 111,782,149 (97.3%)AGAINST: 3,062,996 (2.7%)

Largest asset managers voting on “Authorize Capital Issuances for Use in Employee Stock Purchase Plans Reserved for Employees of International S” at Danone SA, 2025-2026
Asset manager	For	Against	Vote
Vanguard	20,011,772	0	For
Fidelity	16,497,072	0	For
Capital Group	14,973,920	0	For
BlackRock	13,955,444	0	For
Goldman Sachs	8,728,390	0	For
FIRST EAGLE FUNDS	8,719,785	0	For
Dodge & Cox	7,036,200	0	For
EUPAC FUND	3,692,024	0	For
FRANKLIN MUTUAL SERIES FUNDS	2,690,320	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	0	2,534,000	Against
State Street	1,861,651	0	For
Legg Mason	1,796,749	0	For
TIAA	1,772,703	0	For
MFS	998,314	0	For
Putnam	820,275	0	For
INTERNATIONAL GROWTH & INCOME FUND	648,292	0	For
Perpetual Americas Funds Trust	647,335	0	For
JPMorgan	645,926	0	For
Dimensional	511,515	0	For
Invesco	500,407	0	For
JANUS INVESTMENT FUND	469,625	0	For
WisdomTree	460,340	0	For
Brighthouse	56,914	374,800	Against
RBB Fund Trust	388,148	0	For
Equitable	262,900	57,300	For

Showing the 25 largest of 78 asset managers. See all 78 in the interactive database.

12. Authorize Repurchase of Up to 10 Percent of Issued Share Capital

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 78 asset managers below cast 100% of the shares they voted on this item FOR (114,845,145 for, 0 against).

FOR: 114,845,145 (100.0%)

Largest asset managers voting on “Authorize Repurchase of Up to 10 Percent of Issued Share Capital” at Danone SA, 2025-2026
Asset manager	For	Vote
Vanguard	20,011,772	For
Fidelity	16,497,072	For
Capital Group	14,973,920	For
BlackRock	13,955,444	For
Goldman Sachs	8,728,390	For
FIRST EAGLE FUNDS	8,719,785	For
Dodge & Cox	7,036,200	For
EUPAC FUND	3,692,024	For
FRANKLIN MUTUAL SERIES FUNDS	2,690,320	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,534,000	For
State Street	1,861,651	For
Legg Mason	1,796,749	For
TIAA	1,772,703	For
MFS	998,314	For
Putnam	820,275	For
INTERNATIONAL GROWTH & INCOME FUND	648,292	For
Perpetual Americas Funds Trust	647,335	For
JPMorgan	645,926	For
Dimensional	511,515	For
Invesco	500,407	For
JANUS INVESTMENT FUND	469,625	For
WisdomTree	460,340	For
Brighthouse	431,714	For
RBB Fund Trust	388,148	For
Equitable	320,200	For

Showing the 25 largest of 78 asset managers. See all 78 in the interactive database.

13. Ratify Change Location of Registered Office to 59-61, rue La Fayette, 75009 Paris and Amend Article 4 of Bylaws Accordingly

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 78 asset managers below cast 100% of the shares they voted on this item FOR (114,845,145 for, 0 against).

FOR: 114,845,145 (100.0%)

Largest asset managers voting on “Ratify Change Location of Registered Office to 59-61, rue La Fayette, 75009 Paris and Amend Article 4 of Bylaw” at Danone SA, 2025-2026
Asset manager	For	Vote
Vanguard	20,011,772	For
Fidelity	16,497,072	For
Capital Group	14,973,920	For
BlackRock	13,955,444	For
Goldman Sachs	8,728,390	For
FIRST EAGLE FUNDS	8,719,785	For
Dodge & Cox	7,036,200	For
EUPAC FUND	3,692,024	For
FRANKLIN MUTUAL SERIES FUNDS	2,690,320	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,534,000	For
State Street	1,861,651	For
Legg Mason	1,796,749	For
TIAA	1,772,703	For
MFS	998,314	For
Putnam	820,275	For
INTERNATIONAL GROWTH & INCOME FUND	648,292	For
Perpetual Americas Funds Trust	647,335	For
JPMorgan	645,926	For
Dimensional	511,515	For
Invesco	500,407	For
JANUS INVESTMENT FUND	469,625	For
WisdomTree	460,340	For
Brighthouse	431,714	For
RBB Fund Trust	388,148	For
Equitable	320,200	For

Showing the 25 largest of 78 asset managers. See all 78 in the interactive database.

14. Reelect Gilles Schnepp as Director

DIRECTOR ELECTIONS

99.6% fund support · no official result

FOR 99.6%

The 78 asset managers below cast 99.6% of the shares they voted on this item FOR (114,467,929 for, 377,216 against).

FOR: 114,467,929 (99.7%)AGAINST: 377,216 (0.3%)

Largest asset managers voting on “Reelect Gilles Schnepp as Director” at Danone SA, 2025-2026
Asset manager	For	Against	Vote
Vanguard	20,011,772	0	For
Fidelity	16,497,072	0	For
Capital Group	14,973,920	0	For
BlackRock	13,955,444	0	For
Goldman Sachs	8,728,390	0	For
FIRST EAGLE FUNDS	8,719,785	0	For
Dodge & Cox	7,036,200	0	For
EUPAC FUND	3,692,024	0	For
FRANKLIN MUTUAL SERIES FUNDS	2,690,320	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,534,000	0	For
State Street	1,861,651	0	For
Legg Mason	1,796,749	0	For
TIAA	1,772,703	0	For
MFS	998,314	0	For
Putnam	820,275	0	For
INTERNATIONAL GROWTH & INCOME FUND	648,292	0	For
Perpetual Americas Funds Trust	647,335	0	For
JPMorgan	645,926	0	For
Dimensional	511,515	0	For
Invesco	500,407	0	For
JANUS INVESTMENT FUND	469,625	0	For
WisdomTree	460,340	0	For
Brighthouse	422,108	9,606	For
RBB Fund Trust	388,148	0	For
Equitable	177,589	142,611	For

Showing the 25 largest of 78 asset managers. See all 78 in the interactive database.

15. Reelect Sanjiv Mehta as Director

DIRECTOR ELECTIONS

99.6% fund support · no official result

FOR 99.6%

The 78 asset managers below cast 99.6% of the shares they voted on this item FOR (114,467,929 for, 377,216 against).

FOR: 114,467,929 (99.7%)AGAINST: 377,216 (0.3%)

Largest asset managers voting on “Reelect Sanjiv Mehta as Director” at Danone SA, 2025-2026
Asset manager	For	Against	Vote
Vanguard	20,011,772	0	For
Fidelity	16,497,072	0	For
Capital Group	14,973,920	0	For
BlackRock	13,955,444	0	For
Goldman Sachs	8,728,390	0	For
FIRST EAGLE FUNDS	8,719,785	0	For
Dodge & Cox	7,036,200	0	For
EUPAC FUND	3,692,024	0	For
FRANKLIN MUTUAL SERIES FUNDS	2,690,320	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,534,000	0	For
State Street	1,861,651	0	For
Legg Mason	1,796,749	0	For
TIAA	1,772,703	0	For
MFS	998,314	0	For
Putnam	820,275	0	For
INTERNATIONAL GROWTH & INCOME FUND	648,292	0	For
Perpetual Americas Funds Trust	647,335	0	For
JPMorgan	645,926	0	For
Dimensional	511,515	0	For
Invesco	500,407	0	For
JANUS INVESTMENT FUND	469,625	0	For
WisdomTree	460,340	0	For
Brighthouse	422,108	9,606	For
RBB Fund Trust	388,148	0	For
Equitable	177,589	142,611	For

Showing the 25 largest of 78 asset managers. See all 78 in the interactive database.

16. Authorize Filing of Required Documents/Other Formalities

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 77 asset managers below cast 100% of the shares they voted on this item FOR (114,844,181 for, 0 against).

FOR: 114,844,181 (100.0%)

Largest asset managers voting on “Authorize Filing of Required Documents/Other Formalities” at Danone SA, 2025-2026
Asset manager	For	Vote
Vanguard	20,011,772	For
Fidelity	16,497,072	For
Capital Group	14,973,920	For
BlackRock	13,955,444	For
Goldman Sachs	8,728,390	For
FIRST EAGLE FUNDS	8,719,785	For
Dodge & Cox	7,036,200	For
EUPAC FUND	3,692,024	For
FRANKLIN MUTUAL SERIES FUNDS	2,690,320	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,534,000	For
State Street	1,861,651	For
Legg Mason	1,796,749	For
TIAA	1,772,703	For
MFS	998,314	For
Putnam	820,275	For
INTERNATIONAL GROWTH & INCOME FUND	648,292	For
Perpetual Americas Funds Trust	647,335	For
JPMorgan	645,926	For
Dimensional	511,515	For
Invesco	500,407	For
JANUS INVESTMENT FUND	469,625	For
WisdomTree	460,340	For
Brighthouse	431,714	For
RBB Fund Trust	388,148	For
Equitable	320,200	For

Showing the 25 largest of 77 asset managers. See all 77 in the interactive database.

17. Reelect Valerie Chapoulaud-Floquet as Director

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99.6% fund support · no official result

FOR 99.6%

The 77 asset managers below cast 99.6% of the shares they voted on this item FOR (114,466,965 for, 377,216 against).

FOR: 114,466,965 (99.7%)AGAINST: 377,216 (0.3%)

Largest asset managers voting on “Reelect Valerie Chapoulaud-Floquet as Director” at Danone SA, 2025-2026
Asset manager	For	Against	Vote
Vanguard	20,011,772	0	For
Fidelity	16,497,072	0	For
Capital Group	14,973,920	0	For
BlackRock	13,955,444	0	For
Goldman Sachs	8,728,390	0	For
FIRST EAGLE FUNDS	8,719,785	0	For
Dodge & Cox	7,036,200	0	For
EUPAC FUND	3,692,024	0	For
FRANKLIN MUTUAL SERIES FUNDS	2,690,320	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	2,534,000	0	For
State Street	1,861,651	0	For
Legg Mason	1,796,749	0	For
TIAA	1,772,703	0	For
MFS	998,314	0	For
Putnam	820,275	0	For
INTERNATIONAL GROWTH & INCOME FUND	648,292	0	For
Perpetual Americas Funds Trust	647,335	0	For
JPMorgan	645,926	0	For
Dimensional	511,515	0	For
Invesco	500,407	0	For
JANUS INVESTMENT FUND	469,625	0	For
WisdomTree	460,340	0	For
Brighthouse	422,108	9,606	For
RBB Fund Trust	388,148	0	For
Equitable	177,589	142,611	For

Showing the 25 largest of 77 asset managers. See all 77 in the interactive database.

18. APPROVAL OF THE COMPONENTS OF COMPENSATION PAID IN OR AWARDED FOR THE FISCAL YEAR ENDED DECEMBER 31ST, 2025 TO ANTOINE DE SAINT-AFFRIQUE, CHIEF EXECUTIVE OFFICER

SECTION 14A SAY-ON-PAY VOTES

90% fund support · no official result

FOR 90%10%

The 33 asset managers below cast 90% of the shares they voted on this item FOR (18,969,627 for, 2,009,775 against).

FOR: 18,969,627 (90.4%)AGAINST: 2,009,775 (9.6%)

Largest asset managers voting on “APPROVAL OF THE COMPONENTS OF COMPENSATION PAID IN OR AWARDED FOR THE FISCAL YEAR ENDED DECEMBER 31ST, 2025 TO” at Danone SA, 2025-2026
Asset manager	For	Against	Vote
BlackRock	13,845,004	2,009,775	For
BAILLIE GIFFORD OVERSEAS LTD	1,691,414	0	For
Six Circles Trust	890,177	0	For
BAILLIE GIFFORD FUNDS	373,213	0	For
Korea Investment CORP	363,124	0	For
John Hancock	342,987	0	For
AMANA MUTUAL FUNDS TRUST	320,000	0	For
Brighthouse	250,693	0	For
Siemens Fonds Invest GmbH	204,884	0	For
Northern Trust	142,558	0	For
Jackson National	114,344	0	For
OPTIMUM FUND TRUST	93,600	0	For
Foresight Global Investors, Inc.	61,642	0	For
Natixis	46,600	0	For
Bridge Builder Trust	44,051	0	For
1832 Asset Management L.P.	34,097	0	For
Advisors' Inner Circle Fund III	33,300	0	For
LONGFELLOW INVESTMENT MANAGEMENT CO LLC	21,487	0	For
GREEN CENTURY FUNDS	20,389	0	For
WESTWOOD HOLDINGS GROUP INC	17,962	0	For
SATURNA INVESTMENT TRUST	15,000	0	For
EA Series Trust	9,278	0	For
NATIONAL BANK INVESTMENTS INC.	6,217	0	For
Harbor ETF Trust	5,484	0	For
ETF Series Solutions	5,239	0	For

Showing the 25 largest of 33 asset managers. See all 33 in the interactive database.

19. APPROVAL OF THE COMPONENTS OF COMPENSATION PAID IN OR AWARDED FOR THE FISCAL YEAR ENDED DECEMBER 31ST, 2025 TO GILLES SCHNEPP, CHAIRMAN OF THE BOARD OF DIRECTORS

SECTION 14A SAY-ON-PAY VOTES

100% fund support · no official result

FOR 100%

The 32 asset managers below cast 100% of the shares they voted on this item FOR (20,957,915 for, 0 against).

FOR: 20,957,915 (100.0%)

Largest asset managers voting on “APPROVAL OF THE COMPONENTS OF COMPENSATION PAID IN OR AWARDED FOR THE FISCAL YEAR ENDED DECEMBER 31ST, 2025 TO” at Danone SA, 2025-2026
Asset manager	For	Vote
BlackRock	15,854,779	For
BAILLIE GIFFORD OVERSEAS LTD	1,691,414	For
Six Circles Trust	890,177	For
BAILLIE GIFFORD FUNDS	373,213	For
Korea Investment CORP	363,124	For
John Hancock	342,987	For
AMANA MUTUAL FUNDS TRUST	320,000	For
Brighthouse	250,693	For
Siemens Fonds Invest GmbH	204,884	For
Northern Trust	142,558	For
Jackson National	114,344	For
OPTIMUM FUND TRUST	93,600	For
Foresight Global Investors, Inc.	61,642	For
Natixis	46,600	For
Bridge Builder Trust	44,051	For
1832 Asset Management L.P.	34,097	For
Advisors' Inner Circle Fund III	33,300	For
GREEN CENTURY FUNDS	20,389	For
WESTWOOD HOLDINGS GROUP INC	17,962	For
SATURNA INVESTMENT TRUST	15,000	For
EA Series Trust	9,278	For
NATIONAL BANK INVESTMENTS INC.	6,217	For
Harbor ETF Trust	5,484	For
ETF Series Solutions	5,239	For
Pacer Funds Trust	5,015	For

Showing the 25 largest of 32 asset managers. See all 32 in the interactive database.

20. APPROVAL OF THE COMPENSATION POLICY FOR THE EXECUTIVE CORPORATE OFFICERS FOR THE 2026 FISCAL YEAR

COMPENSATION

89% fund support · no official result

FOR 89%11%

The 20 asset managers below cast 89% of the shares they voted on this item FOR (16,421,432 for, 2,030,164 against).

FOR: 16,421,432 (89.0%)AGAINST: 2,030,164 (11.0%)

Largest asset managers voting on “APPROVAL OF THE COMPENSATION POLICY FOR THE EXECUTIVE CORPORATE OFFICERS FOR THE 2026 FISCAL YEAR” at Danone SA, 2025-2026
Asset manager	For	Against	Vote
BlackRock	13,845,004	2,009,775	For
Six Circles Trust	890,177	0	For
BAILLIE GIFFORD FUNDS	373,213	0	For
John Hancock	342,987	0	For
AMANA MUTUAL FUNDS TRUST	320,000	0	For
Brighthouse	250,693	0	For
Jackson National	114,344	0	For
OPTIMUM FUND TRUST	93,600	0	For
Natixis	46,600	0	For
Bridge Builder Trust	44,051	0	For
Advisors' Inner Circle Fund III	33,300	0	For
LONGFELLOW INVESTMENT MANAGEMENT CO LLC	21,487	0	For
GREEN CENTURY FUNDS	0	20,389	Against
SATURNA INVESTMENT TRUST	15,000	0	For
EA Series Trust	9,278	0	For
Harbor ETF Trust	5,484	0	For
ETF Series Solutions	5,239	0	For
Pacer Funds Trust	5,015	0	For
GPS Funds I	4,216	0	For
Zacks Trust	1,744	0	For

21. APPROVAL OF THE INFORMATION REGARDING THE COMPENSATION OF THE CORPORATE OFFICERS REFERRED TO IN PARAGRAPH I OF ARTICLE L.22-10-9 OF THE FRENCH COMMERCIAL CODE FOR THE 2025 FISCAL YEAR

COMPENSATION

100% fund support · no official result

FOR 100%

The 20 asset managers below cast 100% of the shares they voted on this item FOR (2,596,918 for, 0 against).

FOR: 2,596,918 (100.0%)

Largest asset managers voting on “APPROVAL OF THE INFORMATION REGARDING THE COMPENSATION OF THE CORPORATE OFFICERS REFERRED TO IN PARAGRAPH I OF” at Danone SA, 2025-2026
Asset manager	For	Vote
Six Circles Trust	890,177	For
BAILLIE GIFFORD FUNDS	373,213	For
John Hancock	342,987	For
AMANA MUTUAL FUNDS TRUST	320,000	For
Brighthouse	250,693	For
Jackson National	114,344	For
OPTIMUM FUND TRUST	93,600	For
Natixis	46,600	For
Bridge Builder Trust	44,051	For
Advisors' Inner Circle Fund III	33,300	For
LONGFELLOW INVESTMENT MANAGEMENT CO LLC	21,487	For
GREEN CENTURY FUNDS	20,389	For
SATURNA INVESTMENT TRUST	15,000	For
EA Series Trust	9,278	For
Harbor ETF Trust	5,484	For
ETF Series Solutions	5,239	For
Pacer Funds Trust	5,015	For
GPS Funds I	4,216	For
Zacks Trust	1,744	For
BlackRock	101	For

22. ALLOCATION OF EARNINGS FOR THE FISCAL YEAR ENDED DECEMBER 31ST, 2025, AND SETTING OF THE DIVIDEND AT '2.25 PER SHARE

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 19 asset managers below cast 100% of the shares they voted on this item FOR (2,575,431 for, 0 against).

FOR: 2,575,431 (100.0%)

Largest asset managers voting on “ALLOCATION OF EARNINGS FOR THE FISCAL YEAR ENDED DECEMBER 31ST, 2025, AND SETTING OF THE DIVIDEND AT '2.25 PER” at Danone SA, 2025-2026
Asset manager	For	Vote
Six Circles Trust	890,177	For
BAILLIE GIFFORD FUNDS	373,213	For
John Hancock	342,987	For
AMANA MUTUAL FUNDS TRUST	320,000	For
Brighthouse	250,693	For
Jackson National	114,344	For
OPTIMUM FUND TRUST	93,600	For
Natixis	46,600	For
Bridge Builder Trust	44,051	For
Advisors' Inner Circle Fund III	33,300	For
GREEN CENTURY FUNDS	20,389	For
SATURNA INVESTMENT TRUST	15,000	For
EA Series Trust	9,278	For
Harbor ETF Trust	5,484	For
ETF Series Solutions	5,239	For
Pacer Funds Trust	5,015	For
GPS Funds I	4,216	For
Zacks Trust	1,744	For
BlackRock	101	For

23. APPROVAL OF THE COMPENSATION POLICY FOR DIRECTORS FOR THE 2026 FISCAL YEAR

COMPENSATION

100% fund support · no official result

FOR 100%

The 19 asset managers below cast 100% of the shares they voted on this item FOR (18,430,109 for, 0 against).

FOR: 18,430,109 (100.0%)

Largest asset managers voting on “APPROVAL OF THE COMPENSATION POLICY FOR DIRECTORS FOR THE 2026 FISCAL YEAR” at Danone SA, 2025-2026
Asset manager	For	Vote
BlackRock	15,854,779	For
Six Circles Trust	890,177	For
BAILLIE GIFFORD FUNDS	373,213	For
John Hancock	342,987	For
AMANA MUTUAL FUNDS TRUST	320,000	For
Brighthouse	250,693	For
Jackson National	114,344	For
OPTIMUM FUND TRUST	93,600	For
Natixis	46,600	For
Bridge Builder Trust	44,051	For
Advisors' Inner Circle Fund III	33,300	For
GREEN CENTURY FUNDS	20,389	For
SATURNA INVESTMENT TRUST	15,000	For
EA Series Trust	9,278	For
Harbor ETF Trust	5,484	For
ETF Series Solutions	5,239	For
Pacer Funds Trust	5,015	For
GPS Funds I	4,216	For
Zacks Trust	1,744	For

24. APPROVAL OF THE COMPENSATION POLICY FOR THE CHAIRMAN OF THE BOARD OF DIRECTORS FOR THE 2026 FISCAL YEAR

COMPENSATION

100% fund support · no official result

FOR 100%

The 19 asset managers below cast 100% of the shares they voted on this item FOR (18,430,109 for, 0 against).

FOR: 18,430,109 (100.0%)

Largest asset managers voting on “APPROVAL OF THE COMPENSATION POLICY FOR THE CHAIRMAN OF THE BOARD OF DIRECTORS FOR THE 2026 FISCAL YEAR” at Danone SA, 2025-2026
Asset manager	For	Vote
BlackRock	15,854,779	For
Six Circles Trust	890,177	For
BAILLIE GIFFORD FUNDS	373,213	For
John Hancock	342,987	For
AMANA MUTUAL FUNDS TRUST	320,000	For
Brighthouse	250,693	For
Jackson National	114,344	For
OPTIMUM FUND TRUST	93,600	For
Natixis	46,600	For
Bridge Builder Trust	44,051	For
Advisors' Inner Circle Fund III	33,300	For
GREEN CENTURY FUNDS	20,389	For
SATURNA INVESTMENT TRUST	15,000	For
EA Series Trust	9,278	For
Harbor ETF Trust	5,484	For
ETF Series Solutions	5,239	For
Pacer Funds Trust	5,015	For
GPS Funds I	4,216	For
Zacks Trust	1,744	For

25. APPROVAL OF THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED DECEMBER 31ST, 2025

OTHER

100% fund support · no official result

FOR 100%

The 19 asset managers below cast 100% of the shares they voted on this item FOR (2,575,431 for, 0 against).

FOR: 2,575,431 (100.0%)

Largest asset managers voting on “APPROVAL OF THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED DECEMBER 31ST, 2025” at Danone SA, 2025-2026
Asset manager	For	Vote
Six Circles Trust	890,177	For
BAILLIE GIFFORD FUNDS	373,213	For
John Hancock	342,987	For
AMANA MUTUAL FUNDS TRUST	320,000	For
Brighthouse	250,693	For
Jackson National	114,344	For
OPTIMUM FUND TRUST	93,600	For
Natixis	46,600	For
Bridge Builder Trust	44,051	For
Advisors' Inner Circle Fund III	33,300	For
GREEN CENTURY FUNDS	20,389	For
SATURNA INVESTMENT TRUST	15,000	For
EA Series Trust	9,278	For
Harbor ETF Trust	5,484	For
ETF Series Solutions	5,239	For
Pacer Funds Trust	5,015	For
GPS Funds I	4,216	For
Zacks Trust	1,744	For
BlackRock	101	For

26. APPROVAL OF THE STATUTORY FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED DECEMBER 31ST, 2025

OTHER

100% fund support · no official result

FOR 100%

The 19 asset managers below cast 100% of the shares they voted on this item FOR (2,575,431 for, 0 against).

FOR: 2,575,431 (100.0%)

Largest asset managers voting on “APPROVAL OF THE STATUTORY FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED DECEMBER 31ST, 2025” at Danone SA, 2025-2026
Asset manager	For	Vote
Six Circles Trust	890,177	For
BAILLIE GIFFORD FUNDS	373,213	For
John Hancock	342,987	For
AMANA MUTUAL FUNDS TRUST	320,000	For
Brighthouse	250,693	For
Jackson National	114,344	For
OPTIMUM FUND TRUST	93,600	For
Natixis	46,600	For
Bridge Builder Trust	44,051	For
Advisors' Inner Circle Fund III	33,300	For
GREEN CENTURY FUNDS	20,389	For
SATURNA INVESTMENT TRUST	15,000	For
EA Series Trust	9,278	For
Harbor ETF Trust	5,484	For
ETF Series Solutions	5,239	For
Pacer Funds Trust	5,015	For
GPS Funds I	4,216	For
Zacks Trust	1,744	For
BlackRock	101	For

27. AUTHORIZATION GRANTED TO THE BOARD OF DIRECTORS TO PURCHASE, RETAIN OR TRANSFER THE COMPANY'S SHARES

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 19 asset managers below cast 100% of the shares they voted on this item FOR (2,575,431 for, 0 against).

FOR: 2,575,431 (100.0%)

Largest asset managers voting on “AUTHORIZATION GRANTED TO THE BOARD OF DIRECTORS TO PURCHASE, RETAIN OR TRANSFER THE COMPANY'S SHARES” at Danone SA, 2025-2026
Asset manager	For	Vote
Six Circles Trust	890,177	For
BAILLIE GIFFORD FUNDS	373,213	For
John Hancock	342,987	For
AMANA MUTUAL FUNDS TRUST	320,000	For
Brighthouse	250,693	For
Jackson National	114,344	For
OPTIMUM FUND TRUST	93,600	For
Natixis	46,600	For
Bridge Builder Trust	44,051	For
Advisors' Inner Circle Fund III	33,300	For
GREEN CENTURY FUNDS	20,389	For
SATURNA INVESTMENT TRUST	15,000	For
EA Series Trust	9,278	For
Harbor ETF Trust	5,484	For
ETF Series Solutions	5,239	For
Pacer Funds Trust	5,015	For
GPS Funds I	4,216	For
Zacks Trust	1,744	For
BlackRock	101	For

28. DELEGATION OF AUTHORITY TO THE BOARD OF DIRECTORS TO ISSUE ORDINARY SHARES AND SECURITIES GIVING ACCESS TO THE SHARE CAPITAL, WITH CANCELLATION OF THE PREFERENTIAL SUBSCRIPTION RIGHT, IN FAVOR OF CATEGORIES OF BENEFICIARIES MADE UP OF EMPLOYEES WORKING WITHIN FOREIGN COMPANIES OF DANONE'S GROUP OR IN INTERNATIONAL MOBILITY, IN THE FRAMEWORK OF EMPLOYEE SHAREHOLDING PLANS

CAPITAL STRUCTURE

98% fund support · no official result

FOR 98%

The 19 asset managers below cast 98% of the shares they voted on this item FOR (2,520,267 for, 55,164 against).

FOR: 2,520,267 (97.9%)AGAINST: 55,164 (2.1%)

Largest asset managers voting on “DELEGATION OF AUTHORITY TO THE BOARD OF DIRECTORS TO ISSUE ORDINARY SHARES AND SECURITIES GIVING ACCESS TO THE” at Danone SA, 2025-2026
Asset manager	For	Against	Vote
Six Circles Trust	890,177	0	For
BAILLIE GIFFORD FUNDS	373,213	0	For
John Hancock	342,987	0	For
AMANA MUTUAL FUNDS TRUST	320,000	0	For
Brighthouse	250,693	0	For
Jackson National	114,344	0	For
OPTIMUM FUND TRUST	93,600	0	For
Natixis	0	46,600	Against
Bridge Builder Trust	44,051	0	For
Advisors' Inner Circle Fund III	33,300	0	For
GREEN CENTURY FUNDS	20,389	0	For
SATURNA INVESTMENT TRUST	15,000	0	For
EA Series Trust	714	8,564	Against
Harbor ETF Trust	5,484	0	For
ETF Series Solutions	5,239	0	For
Pacer Funds Trust	5,015	0	For
GPS Funds I	4,216	0	For
Zacks Trust	1,744	0	For
BlackRock	101	0	For

29. DELEGATION OF AUTHORITY TO THE BOARD OF DIRECTORS TO ISSUE ORDINARY SHARES AND SECURITIES IN FAVOR OF EMPLOYEES WHO ARE MEMBERS OF A COMPANY'S SAVINGS PLAN AND/OR TO CARRY OUT RESERVED SALES OF SECURITIES, WITHOUT PREFERENTIAL SUBSCRIPTION RIGHT OF THE SHAREHOLDERS

CAPITAL STRUCTURE

98% fund support · no official result

FOR 98%

The 19 asset managers below cast 98% of the shares they voted on this item FOR (2,520,267 for, 55,164 against).

FOR: 2,520,267 (97.9%)AGAINST: 55,164 (2.1%)

Largest asset managers voting on “DELEGATION OF AUTHORITY TO THE BOARD OF DIRECTORS TO ISSUE ORDINARY SHARES AND SECURITIES IN FAVOR OF EMPLOYEE” at Danone SA, 2025-2026
Asset manager	For	Against	Vote
Six Circles Trust	890,177	0	For
BAILLIE GIFFORD FUNDS	373,213	0	For
John Hancock	342,987	0	For
AMANA MUTUAL FUNDS TRUST	320,000	0	For
Brighthouse	250,693	0	For
Jackson National	114,344	0	For
OPTIMUM FUND TRUST	93,600	0	For
Natixis	0	46,600	Against
Bridge Builder Trust	44,051	0	For
Advisors' Inner Circle Fund III	33,300	0	For
GREEN CENTURY FUNDS	20,389	0	For
SATURNA INVESTMENT TRUST	15,000	0	For
EA Series Trust	714	8,564	Against
Harbor ETF Trust	5,484	0	For
ETF Series Solutions	5,239	0	For
Pacer Funds Trust	5,015	0	For
GPS Funds I	4,216	0	For
Zacks Trust	1,744	0	For
BlackRock	101	0	For

30. POWERS TO CARRY OUT FORMALITIES

OTHER

100% fund support · no official result

FOR 100%

The 19 asset managers below cast 100% of the shares they voted on this item FOR (2,575,431 for, 0 against).

FOR: 2,575,431 (100.0%)

Largest asset managers voting on “POWERS TO CARRY OUT FORMALITIES” at Danone SA, 2025-2026
Asset manager	For	Vote
Six Circles Trust	890,177	For
BAILLIE GIFFORD FUNDS	373,213	For
John Hancock	342,987	For
AMANA MUTUAL FUNDS TRUST	320,000	For
Brighthouse	250,693	For
Jackson National	114,344	For
OPTIMUM FUND TRUST	93,600	For
Natixis	46,600	For
Bridge Builder Trust	44,051	For
Advisors' Inner Circle Fund III	33,300	For
GREEN CENTURY FUNDS	20,389	For
SATURNA INVESTMENT TRUST	15,000	For
EA Series Trust	9,278	For
Harbor ETF Trust	5,484	For
ETF Series Solutions	5,239	For
Pacer Funds Trust	5,015	For
GPS Funds I	4,216	For
Zacks Trust	1,744	For
BlackRock	101	For

31. RATIFICATION OF THE TRANSFER OF THE REGISTERED OFFICE

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 19 asset managers below cast 100% of the shares they voted on this item FOR (2,575,431 for, 0 against).

FOR: 2,575,431 (100.0%)

Largest asset managers voting on “RATIFICATION OF THE TRANSFER OF THE REGISTERED OFFICE” at Danone SA, 2025-2026
Asset manager	For	Vote
Six Circles Trust	890,177	For
BAILLIE GIFFORD FUNDS	373,213	For
John Hancock	342,987	For
AMANA MUTUAL FUNDS TRUST	320,000	For
Brighthouse	250,693	For
Jackson National	114,344	For
OPTIMUM FUND TRUST	93,600	For
Natixis	46,600	For
Bridge Builder Trust	44,051	For
Advisors' Inner Circle Fund III	33,300	For
GREEN CENTURY FUNDS	20,389	For
SATURNA INVESTMENT TRUST	15,000	For
EA Series Trust	9,278	For
Harbor ETF Trust	5,484	For
ETF Series Solutions	5,239	For
Pacer Funds Trust	5,015	For
GPS Funds I	4,216	For
Zacks Trust	1,744	For
BlackRock	101	For

32. RENEWAL OF THE TERM OF OFFICE OF GILLES SCHNEPP AS DIRECTOR, IN ACCORDANCE WITH ARTICLE 15- II PARAGRAPH 2, OF THE BY-LAWS

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 19 asset managers below cast 100% of the shares they voted on this item FOR (2,575,431 for, 0 against).

FOR: 2,575,431 (100.0%)

Largest asset managers voting on “RENEWAL OF THE TERM OF OFFICE OF GILLES SCHNEPP AS DIRECTOR, IN ACCORDANCE WITH ARTICLE 15- II PARAGRAPH 2, OF” at Danone SA, 2025-2026
Asset manager	For	Vote
Six Circles Trust	890,177	For
BAILLIE GIFFORD FUNDS	373,213	For
John Hancock	342,987	For
AMANA MUTUAL FUNDS TRUST	320,000	For
Brighthouse	250,693	For
Jackson National	114,344	For
OPTIMUM FUND TRUST	93,600	For
Natixis	46,600	For
Bridge Builder Trust	44,051	For
Advisors' Inner Circle Fund III	33,300	For
GREEN CENTURY FUNDS	20,389	For
SATURNA INVESTMENT TRUST	15,000	For
EA Series Trust	9,278	For
Harbor ETF Trust	5,484	For
ETF Series Solutions	5,239	For
Pacer Funds Trust	5,015	For
GPS Funds I	4,216	For
Zacks Trust	1,744	For
BlackRock	101	For

33. RENEWAL OF THE TERM OF OFFICE OF SANJIV MEHTA AS DIRECTOR

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 19 asset managers below cast 100% of the shares they voted on this item FOR (2,575,431 for, 0 against).

FOR: 2,575,431 (100.0%)

Largest asset managers voting on “RENEWAL OF THE TERM OF OFFICE OF SANJIV MEHTA AS DIRECTOR” at Danone SA, 2025-2026
Asset manager	For	Vote
Six Circles Trust	890,177	For
BAILLIE GIFFORD FUNDS	373,213	For
John Hancock	342,987	For
AMANA MUTUAL FUNDS TRUST	320,000	For
Brighthouse	250,693	For
Jackson National	114,344	For
OPTIMUM FUND TRUST	93,600	For
Natixis	46,600	For
Bridge Builder Trust	44,051	For
Advisors' Inner Circle Fund III	33,300	For
GREEN CENTURY FUNDS	20,389	For
SATURNA INVESTMENT TRUST	15,000	For
EA Series Trust	9,278	For
Harbor ETF Trust	5,484	For
ETF Series Solutions	5,239	For
Pacer Funds Trust	5,015	For
GPS Funds I	4,216	For
Zacks Trust	1,744	For
BlackRock	101	For

34. RENEWAL OF THE TERM OF OFFICE OF VALERIE CHAPOULAUD-FLOQUET AS DIRECTOR

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 19 asset managers below cast 100% of the shares they voted on this item FOR (2,575,431 for, 0 against).

FOR: 2,575,431 (100.0%)

Largest asset managers voting on “RENEWAL OF THE TERM OF OFFICE OF VALERIE CHAPOULAUD-FLOQUET AS DIRECTOR” at Danone SA, 2025-2026
Asset manager	For	Vote
Six Circles Trust	890,177	For
BAILLIE GIFFORD FUNDS	373,213	For
John Hancock	342,987	For
AMANA MUTUAL FUNDS TRUST	320,000	For
Brighthouse	250,693	For
Jackson National	114,344	For
OPTIMUM FUND TRUST	93,600	For
Natixis	46,600	For
Bridge Builder Trust	44,051	For
Advisors' Inner Circle Fund III	33,300	For
GREEN CENTURY FUNDS	20,389	For
SATURNA INVESTMENT TRUST	15,000	For
EA Series Trust	9,278	For
Harbor ETF Trust	5,484	For
ETF Series Solutions	5,239	For
Pacer Funds Trust	5,015	For
GPS Funds I	4,216	For
Zacks Trust	1,744	For
BlackRock	101	For

35. Remuneration Report

COMPENSATION

100% fund support · no official result

FOR 100%

The 14 asset managers below cast 100% of the shares they voted on this item FOR (3,529,904 for, 0 against).

FOR: 3,529,904 (100.0%)

Largest asset managers voting on “Remuneration Report” at Danone SA, 2025-2026
Asset manager	For	Vote
Charles Schwab	2,385,136	For
Vanguard	428,200	For
Neuberger Berman	164,152	For
Federated Hermes	141,263	For
Russell Investments	105,920	For
SEI	90,807	For
IMPAX FUNDS SERIES TRUST I	86,539	For
Hartford	79,805	For
Venerable Variable Insurance Trust	28,796	For
GUINNESS ATKINSON FUNDS	13,325	For
Global X	2,733	For
Prudential/PGIM	1,475	For
Adviser Managed Trust	1,172	For
Brighthouse	581	For

36. Remuneration of Antoine de Saint-Affrique, CEO

COMPENSATION

100% fund support · no official result

FOR 100%

The 14 asset managers below cast 100% of the shares they voted on this item FOR (3,529,904 for, 0 against).

FOR: 3,529,904 (100.0%)

Largest asset managers voting on “Remuneration of Antoine de Saint-Affrique, CEO” at Danone SA, 2025-2026
Asset manager	For	Vote
Charles Schwab	2,385,136	For
Vanguard	428,200	For
Neuberger Berman	164,152	For
Federated Hermes	141,263	For
Russell Investments	105,920	For
SEI	90,807	For
IMPAX FUNDS SERIES TRUST I	86,539	For
Hartford	79,805	For
Venerable Variable Insurance Trust	28,796	For
GUINNESS ATKINSON FUNDS	13,325	For
Global X	2,733	For
Prudential/PGIM	1,475	For
Adviser Managed Trust	1,172	For
Brighthouse	581	For

37. Remuneration of Gilles Schnepp, Chair

COMPENSATION

100% fund support · no official result

FOR 100%

The 14 asset managers below cast 100% of the shares they voted on this item FOR (3,529,904 for, 0 against).

FOR: 3,529,904 (100.0%)

Largest asset managers voting on “Remuneration of Gilles Schnepp, Chair” at Danone SA, 2025-2026
Asset manager	For	Vote
Charles Schwab	2,385,136	For
Vanguard	428,200	For
Neuberger Berman	164,152	For
Federated Hermes	141,263	For
Russell Investments	105,920	For
SEI	90,807	For
IMPAX FUNDS SERIES TRUST I	86,539	For
Hartford	79,805	For
Venerable Variable Insurance Trust	28,796	For
GUINNESS ATKINSON FUNDS	13,325	For
Global X	2,733	For
Prudential/PGIM	1,475	For
Adviser Managed Trust	1,172	For
Brighthouse	581	For

38. Remuneration Policy (Board of Directors)

COMPENSATION

100% fund support · no official result

FOR 100%

The 14 asset managers below cast 100% of the shares they voted on this item FOR (3,529,904 for, 0 against).

FOR: 3,529,904 (100.0%)

Largest asset managers voting on “Remuneration Policy (Board of Directors)” at Danone SA, 2025-2026
Asset manager	For	Vote
Charles Schwab	2,385,136	For
Vanguard	428,200	For
Neuberger Berman	164,152	For
Federated Hermes	141,263	For
Russell Investments	105,920	For
SEI	90,807	For
IMPAX FUNDS SERIES TRUST I	86,539	For
Hartford	79,805	For
Venerable Variable Insurance Trust	28,796	For
GUINNESS ATKINSON FUNDS	13,325	For
Global X	2,733	For
Prudential/PGIM	1,475	For
Adviser Managed Trust	1,172	For
Brighthouse	581	For

39. Remuneration Policy (Chair)

COMPENSATION

100% fund support · no official result

FOR 100%

The 14 asset managers below cast 100% of the shares they voted on this item FOR (3,529,904 for, 0 against).

FOR: 3,529,904 (100.0%)

Largest asset managers voting on “Remuneration Policy (Chair)” at Danone SA, 2025-2026
Asset manager	For	Vote
Charles Schwab	2,385,136	For
Vanguard	428,200	For
Neuberger Berman	164,152	For
Federated Hermes	141,263	For
Russell Investments	105,920	For
SEI	90,807	For
IMPAX FUNDS SERIES TRUST I	86,539	For
Hartford	79,805	For
Venerable Variable Insurance Trust	28,796	For
GUINNESS ATKINSON FUNDS	13,325	For
Global X	2,733	For
Prudential/PGIM	1,475	For
Adviser Managed Trust	1,172	For
Brighthouse	581	For

40. Remuneration Policy (Executives)

COMPENSATION

99.6% fund support · no official result

FOR 99.6%

The 14 asset managers below cast 99.6% of the shares they voted on this item FOR (3,516,579 for, 13,325 against).

FOR: 3,516,579 (99.6%)AGAINST: 13,325 (0.4%)

Largest asset managers voting on “Remuneration Policy (Executives)” at Danone SA, 2025-2026
Asset manager	For	Against	Vote
Charles Schwab	2,385,136	0	For
Vanguard	428,200	0	For
Neuberger Berman	164,152	0	For
Federated Hermes	141,263	0	For
Russell Investments	105,920	0	For
SEI	90,807	0	For
IMPAX FUNDS SERIES TRUST I	86,539	0	For
Hartford	79,805	0	For
Venerable Variable Insurance Trust	28,796	0	For
GUINNESS ATKINSON FUNDS	0	13,325	Against
Global X	2,733	0	For
Prudential/PGIM	1,475	0	For
Adviser Managed Trust	1,172	0	For
Brighthouse	581	0	For

Showing the 40 reported items with the widest manager coverage, of 51 in total. View every item.

Largest Danone SA shareholders voting in 2025-2026

Ranked by the number of Danone SA shares each manager voted on the most widely held ballot item of the 2025-2026 meeting.

Top Danone SA shareholders by shares voted, 2025-2026
#	Asset manager	Shares voted
1	BlackRock	33,322,976
2	Vanguard	20,011,772
3	Fidelity	16,497,072
4	Capital Group	14,973,920
5	Goldman Sachs	8,728,390
6	FIRST EAGLE FUNDS	8,719,785
7	Dodge & Cox	7,036,200
8	EUPAC FUND	3,692,024
9	FRANKLIN MUTUAL SERIES FUNDS	2,690,320
10	HARRIS ASSOCIATES INVESTMENT TRUST	2,534,000

Shown as share counts, not percentages: no shares-outstanding figure has been matched to Danone SA for the 2025-2026 season, so there is no denominator to divide by.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, 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 02 October 2026; a live search always shows the current data.

At Danone SA's shareholder meeting held 2026-04-23, in the 2025-2026 proxy season, 128 asset managers reported how they voted in their SEC Form N-PX filings, covering 6,411 separate fund positions. Their filings are grouped here into 51 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 Compensation of Antoine de Saint-Affrique, CEO — the reporting funds cast 100% of the shares they voted in favour (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

Danone SA proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).