Research by Legal and General Investment Management has reveled the top ten ESG issues that matter most to DC pension funds with pay topping the list.

The research is based on 13,000 votes that have been cast by individual members of DC pension schemes administered by LGIM. Pay is the most voted-on issue ranging from resolutions approving board remuneration to the context of supply chains or staff wages. Climate was in second place while plastic and packaging also appeared as concerns. The top ten ESG concerns as voted on by LGIM DC scheme members are:

Pay

Climate

Rights

Lobbying

Plastic

Packaging

Paris Agreement

Diversity

Racial

Pollution

The data also demonstrates that DC pension scheme members are engaged on social and governance issues. Resolutions referencing “rights” (usually referring to human and social rights but also animal rights) and “lobbying” were in strong third and fourth places by number of votes. Diversity is also a clear priority for members.