Chris Hall

NOVEMBER 1, 2024

Here, stewardship codes can play a vital role in addressing these different types of relationships to help shape modern expectations on institutional investors. These codes provide guidance and expectations on investors’ engagement with investee companies and other stakeholders to promote long-term value.

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Chris Hall

MARCH 1, 2024

Another long-awaited announcement came from the UK’s Financial Reporting Council (FRC), which confirmed the start of its Stewardship Code 2020 review. Evolution or revolution?

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Stewardship Code Banking Value Creation Climate Change 80

Chris Hall

MAY 12, 2023

“Asset owners in Germany and Belgium were basically following the asset managers’ lead on stewardship, as there is not much pressure applied on them to exert influence,” he said. “It The code is voluntary, but many institutional investors have signed up to it as a way of demonstrating their commitment to responsible investment.

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Chris Hall

OCTOBER 1, 2022

According to figures published by The Global Sustainable Investment Alliance in 2021, Japan’s total sustainably invested assets stood at US$42,874 billion in 2020, representing a more than fivefold increase from 2016. These long-held principles of sustainability have filtered down to the world of investment. Significant progress.

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Chris Hall

MARCH 13, 2023

Despite strong progress by asset managers on stewardship since 2020, voting data disclosure and new policies “are not being matched by real-world action”, reports ShareAction. Regarding stewardship, ShareAction found high levels of transparency across voting and engagement, but noted gaps in key areas.

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Chris Hall

OCTOBER 25, 2023

This was followed in 2010 by high level reporting for the Financial Reporting Council’s (FRC) original Stewardship Code. Then in 2020, things began to change, notes Russell. The PRI’s Reporting and Assessment process became incredibly complex to complete in 2020. “The

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Chris Hall

MAY 24, 2023

I assume that the aim of the latest review is to examine ongoing issues around fiduciary duty, especially in the context of the revised UK Stewardship Code 2020, to see what obstacles (real or perceived) remain.” The paper notes that the UK Stewardship Code is “guidance and not a legal obligation”.

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Stewardship Code Sustainable Investment Climate Change 52

Chris Hall

MAY 9, 2023

Areas to be covered include the effectiveness of the FRC’s Stewardship Code in creating a market for stewardship, interaction between the code and existing stewardship-related rules in the FCA Handbook , and stewardship-related issues raised in the UK government’s updated Green Finance Strategy , released in March.

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Chris Hall

APRIL 20, 2022

They did this by analysing statements made to the stock market from 216 non-financial companies with a market value of over £500 million between March and May 2020. . In 2020, the average FTSE 100 CEO earned a base salary of £954,000 in 2020 and bonus payments and share award schemes averaging £2 million. .

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Chris Hall

JULY 7, 2022

The introduction of a toughened code has led to improved governance and resourcing of stewardship by UK-based asset managers and owners, but investment in the area faces ongoing challenges, including tensions with other staff. .

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Chris Hall

APRIL 20, 2022

As well as Statements of Investment Principles or Implementation Statements required by the UK’s Pensions Regulator, which require reporting on fund managers’ stewardship activities, trustees must ensure their funds are managed and report in line with the recommendations of the Task Force on Climate-Related Disclosures.

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Stewardship Code Net Zero Climate Change 52

Chris Hall

JULY 6, 2022

Trustees can consult the UK Stewardship Code to monitor investment managers’ stewardship progress, as well as the Pensions and Lifetime Savings Association’s (PLSA) Vote Reporting Template and the Association of Member Nominated Trustees’ (AMNT) Red Lines Voting Initiative , the DWP said. .

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Chris Hall

MAY 17, 2023

While 88% of asset managers disclosed their votes publicly (up from 55% in 2020), 42% failed to publish their rationale for votes against shareholder resolutions, the report said. Transparency is improving, but slowly.

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Chris Hall

SEPTEMBER 27, 2024

The concept of assessing what effective stewardship should look like was first introduced by the FCA in 2019 in a joint effort with the Financial Reporting Council (FRC), setting the groundwork which helped define what the minimum expectations should be for financial services firms investing on behalf of clients and beneficiaries.

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Net Zero Stewardship Code Value Creation Divestment 59

Chris Hall

JULY 17, 2024

Motivated to reinvigorate the market, the UK government gambled on updating the country’s listings regime, launching a review chaired by Lord Hill in 2020. The market has logged some notable exits, too, including Paddy Power’s owner Flutter, which shifted its main stock market listing to New York in May.

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Chris Hall

APRIL 18, 2023

The new guide highlighted that participation in collaborative stewardship initiatives increased from 68% in 2017 to 83% in 2020, with asset owners “particularly driving the change”.

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Chris Hall

JULY 18, 2022

In terms of drivers of geographic distinctions, he cited the recently strengthened UK Stewardship Code as one reason why European firms generally outperformed their US counterparts on clarity of voting policy. Digging into the data.

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Chris Hall

APRIL 29, 2022

Scanning across to the Financial Reporting Council’s UK Stewardship Code, the 2020 Code represents a mature governance regime for UK-listed businesses. It has its origins in 1992’s Cadbury report and code, which covers the financial aspects of corporate governance.

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Greenhouse Gas Protocol Stewardship Code Corporate Social Responsibility Greenwashing 52

Chris Hall

OCTOBER 17, 2024

The tool lets users generate real-time reports aligned with frameworks including the UK’s Stewardship Code 2020, the Global Reporting Initiative taxonomy and the UN Sustainable Development Goals. Gillies flagged the UK Stewardship Code as being a particular catalyst for the growth of investors’ and managers’ focus on engagement.

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Stewardship Code Sustainable Investment Banking Development 59

Chris Hall

NOVEMBER 19, 2024

Proposed revision to stewardship definition seen as potentially weakening ambition and fostering distance between investment decisions and their impacts. A tweak to the Financial Reporting Council’s (FRC) definition of stewardship in a proposed update to the UK Stewardship Code has been received with alarm by asset owners and managers.

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Chris Hall

NOVEMBER 15, 2024

Institutional investors in the UK and beyond have been near-universal in their praise for the role of the 2020 Stewardship Code in improving the quality of stewardship and engagement by asset owner and manager signatories, supporting short- and long-term investment objectives.

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Chris Hall

JULY 5, 2023

The country is also upping its game on stewardship, with New Zealand’s inaugural Stewardship Code launching last year with 17 signatories, says Simon O’Connor outgoing CEO of RIAA. “The Code was developed collaboratively by the industry and responds to our unique context in New Zealand,” he says. “I’d

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