However, according to the figures only 26% actually do so.

Significantly, 51% don’t know where they are invested and 32% don’t know where they should invest, suggesting that a lack of investment knowledge and confidence may be a factor in this ‘intent vs action gap’.

According to Aegon UK, nationally, people are concerned about ESG issues but there is often a mismatch between intent and action. A total of 70% of those in Scotland are anxious about global warming and other environmental issues. While 66% admit that they are concerned about societal inequality and 66% worry about poor corporate governance practices.

As pension scheme default funds increasingly integrate ESG criteria into mainstream investing, the high level of investors who don’t know how they are invested suggests that many default savers may not be aware of their pension fund’s ESG credentials.

Figures also suggest that the more exposure to sustainable investments that someone has, the more likely they are to feel positive about their savings. Across the UK, over half (51%) of those who have 10% invested in sustainable investments feel savings ‘joy’ as a result, compared to a staggering 77% of people with 100% invested in sustainable investments. Similarly, 53% of those who have 10% invested in sustainable investments will feel a sense of ‘purpose’ as a result, compared to 77% of people with 100% invested in sustainable funds.

Significant numbers of those in the country also take day-to-day actions in support of their beliefs, with 81% saying they recycle, 45% avoiding-single-use plastics, and 42% buying local produce. However, the research suggests that most people don’t invest in funds that have sustainability criteria built in.

Tim Orton, Aegon’s managing director for investment solutions, said: “Our research shows that there is currently a missed opportunity for people to align their views on environmental and sustainability issues with their pension savings. By supporting people to actively engage with where their money is invested, we can not only help to tackle sustainability issues, but also increase people’s financial wellbeing, aiding broader engagement with their long-term savings plans.

“We also need to recognise that many savers don’t make active investment decisions, but do have strong views on issues of sustainability or social justice. At Aegon, we are pleased to be playing our part in this area, and recognise the importance of near-term action. For example, we will have moved over £15 billion of default assets into strategies that consider ESG credentials by Summer 2022. This is part of our commitment to make our default pension funds carbon net-zero by 2050, and to halve carbon emissions between 2019 and 2030, in line with the Paris Agreement.”