Few major shareholder resolutions in the past two years have been submitted without the Pensions Trust’s name on the bottom. In 2015 alone, the manager of £7.1 billion of pension assets held five giant corporations to account, forcing them to run their businesses more responsibly.
In April, the Pensions Trust - a multi-employer pension fund provider that started life catering for social workers in the UK - was part of a consortium pushing oil giant BP to amend how it communicates with shareholders on emission transparency and its future in a low-carbon economy. The resolution passed with a vote of 98%. One month later, energy firm Shell received similar attention and saw a similar result - 98% in favour of the motion.