Most superannuation account holders support funds taking active positions on environmental and social issues, according to a survey from a peak industry body.
The Association of Superannuation Funds of Australia survey found about three quarters of young people were in favour of super funds taking action on climate change.
Results released on Monday show for every person disapproving superannuation funds acting on environment, social and governance issues there were three who approved of the action.
Respondents aged 50-64 were highly supportive of super funds taking action on increasing openness of corporate governance. Those approving action outnumbered those disapproving by a factor of more than four to one.
Association chief executive Martin Fahy said funds considered environmental, social and governance factors in terms of adding to retirement savings, rather than a values perspective.
"Superannuation funds and superannuation fund members understand that there is generally only upside in actively and appropriately considering ESG factors," he said.
"The survey results indicate that superannuation account holders recognise that there is a direct correlation between actively managing ESG factors as part of the investment process and positive financial effects.
"Assessing ESG factors allow superannuation funds to manage risks and invest accordingly."
Results from the online survey of about 1400 people also showed about 75 per cent of respondents supported raising the superannuation guarantee to 12 per cent from 9.5 per cent.
A similar percentage said they would struggle to live on the age pension alone. About half of the survey's respondents said they expected to live on a combination of the pension, superannuation and savings in retirement.
Only a third of respondents were confident they would have enough super and savings to achieve a comfortable lifestyle during retirement.
Confidence was lowest among women and people aged more than 50.