Pension savers with Legal & General Investment Management have identified remuneration as one of their top priorities when it comes to shareholder voting.
4,400 members of eight LGIM defined contribution schemes were given the chance to cast advisory votes on resolutions filed at portfolio companies as part of a trial with fintech Tumelo. Over the course of the project, which took place from September 2020 to mid-2021, the members cast almost 13,000 between them.
The voting decisions themselves were not made public, so it is unclear whether beneficiaries opted to support or oppose proposals; but those mentioning pay and climate change received the highest engagement.
Other top topics included packaging, pollution and the Paris Agreement.
LGIM and Aviva Investors have both partnered with Tumelo on the project, which seeks to shine a light on end clients’ sustainability preferences.
“This has opened up a new way for individuals to feel trul…