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“We realised that not only do we have the financial stuff to think about, but also stewardship influence and voting rights,” Crossman added. Turning point The financial crisis in 2008 brought then brought that same debate front and centre. There is almost an industrial machinery around stewardship reporting.”
According to the UK Listings Review , the number of listed companies in the country has plummeted by a whopping 40% since 2008. A similar story is playing out on the global stage. Research by EY shows there were 551 listings that raised US$52.2
Proposals to bolster sustainable finance in Europe include recommendations for a new region-wide stewardshipcode. According to a report from five UN agencies, one in eleven people – 733 million – faced hunger in 2023, a stubbornly high level initially reached in 2020, comparable to levels of nourishment seen in 2008-2009.
This change was made amid pressure to ramp-up support for the countrys economic growth and international competitiveness, alongside adjustments to the Corporate Governance and StewardshipCodes. This appears to have backfired, however, with 2024 the worst year for departures from the e xchange since the 2008 financial crisis.
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