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UK Stewardship Code to Benefit from Fine-tuning

Chris Hall

A review of the UK Stewardship Code 2020 should prompt evolution rather than revolution, according to industry experts, who want to see refinement aimed at further improving outcomes. But some have queried the extent of the code’s effectiveness so far.

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Government Delay of ARGA Leaves FRC Toothless

Chris Hall

“Two sides of the same coin” During the consultation on the UK Corporate Governance Code, stakeholders also raised concerns about the UK Stewardship Code, the FRC said in its statement. The UK Stewardship Code has over 250 signatories, including UK pension schemes Brunel Pension Partnership and Railpen.

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Phoenix Champions Human Rights Stewardship

Chris Hall

Asset owner makes progress on climate and asset manager information-sharing in first year as Stewardship Code signatory. Last year, Phoenix also became a signatory of the Financial Reporting Council’s UK Stewardship Code. Piani described the code as being “pivotal” to the development of the firm’s engagement strategy. “It

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Stewardship Tools Evolve to Meet Rising Demand

Chris Hall

Enhanced resourcing Maanch’s Engagement Tracker platform was launched in June 2022, initially developed in collaboration with Swiss private bank UBP to trace the impact of engagements over time and monitor escalations that can support investment decision-making. The code currently counts 289 signatories, collectively accounting for £50.3

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Engagement is More Than “Criticising Companies” – Schroders  

Chris Hall

The Stewardship Code says a measure of your engagement quality is case studies. Schroders ranked 21 out of 68 in ShareAction’s 2022 Voting Matters report. That is one way. Organisations such as UK-based NGO ShareAction do annual reports ranking how asset managers vote on ESG issues.

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All About the Outcomes

Chris Hall

While one asset manager reported 5,312 engagement actions over 12 months, five others recorded 200 or fewer over the same period. F irms like rezonanz , launched earlier this year, aim to provide improved voting and engagement analytics for asset owners to bolster their stewardship efforts and improve visibility of asset managers’ activities.

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Lack of Resources Weakening Stewardship Efforts

Chris Hall

“This is a significant hiring slowdown, perhaps indicating that stewardship and engagement is an area that managers are willing to cut as they face more challenging times financially,” the report mentioned.