The public health and economic consequences of the Covid-19 pandemic have exposed the extent of low pay and income inequality in the UK—and the cost of living is rising sharply. That's why we joined a group of 10 institutional investors with £2.2 trillion assets under management including Legal and General Investment Management, Fidelity International, Nest Pensions and Joseph Rowntree Foundation co-ordinated by ShareAction have filed a special shareholder resolution at Sainsbury’s calling for the company to accredit as a Living Wage employer by July 2023, and to commit to pay all workers a real Living Wage.

This document provides investors with the background to the resolution and arguments why investors should vote in support of the resolution at the AGM in July.