Remove 2023 Remove Climate Change Remove Stewardship Code
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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. As reflected in the asset owner’s most recent stewardship report , last year marked the first phase of its investment portfolio due diligence to identify salient human rights impacts and act on any findings.

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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.

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An Increasing Sense of Urgency

Chris Hall

In 2021 the FSA updated the Corporate Governance Code , asking listed companies – on a comply-or-explain basis – to address sustainability issues, including climate change and other global environmental priorities, “positively and proactively”. Mandatory disclosure.

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Stewardship Dialogue Must be Ongoing – FCA

Chris Hall

According to Manning, the FCA is keen to identify regulatory constraints on collaborative engagement, which has been used increasingly by asset owners and managers in recent years, particularly to address systemic environmental risks, such as climate change and accelerating biodiversity loss.

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Will Fiduciary Fog Clear for Trustees?

Chris Hall

Further clarification may be on the way as the UK government’s updated Green Finance Strategy 2023 includes a commitment to review pension trustees’ fiduciary duties and stewardship activities. Today, says Lee, it is “undeniable” that climate change is having an impact in the real world and in the financial world.

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Trustees to Engage with Future

Chris Hall

Stewardship is widely considered one of the most effective tools in an asset owner’s toolbox to ensure companies are prioritising ESG-related issues, such as mitigating the effects of climate change. . “ The DWP will assess whether further guidance is needed in H2 2023. . Plotting a path to Paris .

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Stewardship Nears Breaking Point

Chris Hall

A recent Financial Conduct Authority (FCA) discussion paper asked for feedback on possible regulatory change needed to support collaborative engagement and systemic stewardship, while the Financial Reporting Council is due to lead a review of its Stewardship Code. Also speaking at the Stewardship Summit, Mark Manning , Strategic Policy Advisor on (..)