In response to the publication of ShareAction’s Voting Matters report today, which found a decline in the proportion of shareholder resolutions passed, down from 21% in 2021 to 3% in 2023,
Clare Reilly, Chief Engagement Officer at PensionBee, a leading online pension provider, said: “PensionBee has offered its customers the ability to back key environmental and social shareholder resolutions across the majority of its plan ranges since May last year, including those referenced in the ShareAction report.
We urge other pension providers to consider introducing this or other directed voting options, to give their customers more of a say in the way the companies behind their pensions are run, so that they can support or reject resolutions about the way these companies are run, in accordance with their values.”
PensionBee votes on behalf of its customers across 86% of its plan range. It votes using the Socially Responsible Investment (SRI) policy set by Institutional Shareholder Services (ISS). All our voting updates are published here.