Our Pensions and Voting
One of the main ways to see if a pension provider is serious about climate is how they vote on companies they invest in. When it comes to fossil fuels, if our pensions invest in them, they should be taking a stand against companies who are still digging, drilling and destroying for new oil and gas.
Aviva and Legal & General are two of the biggest UK pension providers. They look after the pension savings of millions of people, totalling around £200 billion, and are used by thousands of UK employers to provide their staff with pensions. They see themselves as green leaders. But what does this really mean?
We’ve looked at how they voted on BP and Shell. And it paints an alarming picture. This year – as we’re set to break temperature records yet again – Aviva and L&G both voted with BP and Shell’s management 44 times out of a total 45 votes – or 98% of the time. This included signing off on the enormous pay packets for the fossil fuel CEOs.
they voted with BP and Shell
44/45 TIMES
Aviva and Legal & General look after the pension savings of millions of people, totalling around £200 billion.
Do you work at Aviva or Legal & General? Click here to send an internal email to raise your concern.
