LGIM, one of Europe’s largest asset managers, will vote against former resources minister Ian Macfarlane’s re-election to the Woodside Energy board, citing its disappointment over the oil and gas producer’s “lack of commitment” to emissions reduction targets.

The investment house has a 0.07 per cent stake in Woodside, and last year voted against the company’s climate report. Vision Super and Betashares have already disclosed they also intend to vote against Mr Macfarlane at the annual meeting on April 28.