PLSA Stewardship & Voting Guidelines 2023

The Pensions and Lifetime Savings Association (PLSA) has published its Stewardship & Voting Guidelines 2023. The guidelines set out the PLSA's views on key issues and its voting recommendations on those issues.

Key areas covered by the 2023 Guidelines include:

• Workforce – a new section addresses how companies should approach issues such as employee wellbeing (including mental health support), workforce diversity and tackling modern slavery;
• Executive remuneration – the PLSA reiterates its call for restraint when setting executive remuneration in light of the on-going cost of living crisis and the economic pressures being experienced by the wider workforce;
• Climate – climate change continues to be an area of focus. In particular, the PLSA notes that growing attention is being paid to transition plans, which should be underpinned by credible targets, with clear interim milestones and accountability mechanisms; and