Chris Hall

APRIL 16, 2024

“The biggest gap that we typically find in our research is between rhetoric and reality [on stewardship],” he added. While one asset manager reported 5,312 engagement actions over a 12-month period, five others recorded 200 or fewer over the same period.

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Stewardship Code Sustainable Investment Banking 52

Chris Hall

JUNE 28, 2024

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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Chris Hall

SEPTEMBER 14, 2023

“It is crucial to examine whether GPIF’s activities can be connected to companies’ behavioural changes and higher ESG ratings.” As first outlined in GPIF’s ‘ Stewardship Activities Report ’ published in March, collaborative studies will run over the course of 2023 and 2024.

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Stewardship Code Development 69

Chris Hall

MARCH 29, 2023

AIST also said if APRA is encouraging disclosure of stewardship activity, it should provide guidance on the appropriate level of disclosure, noting, “better practice is likely to involve disclosure in line with an existing stewardship code”.

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Stewardship Code Impact Investing Development 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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Stewardship Code Net Zero Sustainable Investment Divestment 52

Chris Hall

JUNE 21, 2023

In the final quarter of 2023, the FRC – working with the FCA, Department for Work and Pensions (DWP) and The Pensions Regulator – will review the regulatory framework for effective stewardship, including the operation of the Stewardship Code.

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Stewardship Code Net Zero Waste 52

Chris Hall

MAY 24, 2023

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. The paper notes that as a relatively new concept, stewardship has not been explicitly included in the terms of many pension fund trusts.

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Stewardship Code Sustainable Investment Climate Change 52

Chris Hall

JANUARY 31, 2023

The PRI is also establishing a technical working group to act as a “sounding board” on issues including stewardship practices, capacity constraints and resourcing models. A report is scheduled to be published ahead of the PRI in Person 2023 event in October. But it also identified wide differences in practices and budgets deployed.

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Stewardship Code Academics Sustainable Investment 52

Chris Hall

MAY 20, 2024

If you look at stewardship codes across the world, they touch on resources as being a key element, but without explicitly giving out guidance on how organisations can report and which resources are required,” Jessica Gao, Director of Research at the TAI, told ESG Investor.

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Chris Hall

MAY 8, 2024

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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Stewardship Code Analytics Sustainable Investment Climate Change 85

Chris Hall

AUGUST 15, 2024

The new strategy sets priorities over the next three years for the investor network , which doubled in size between 2019 and 2023. Now there’s a plethora of those – both mandatory and voluntary.” Our reporting needs to reflect that and make sure that signatories are only having to report once, not in multiple formats,” Atkin added.

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Stewardship Code Development 64

Chris Hall

MAY 20, 2024

If you look at stewardship codes across the world, they touch on resources as being a key element, but without explicitly giving out guidance on how organisations can report and which resources are required,” Jessica Gao, Director of Research at the TAI, told ESG Investor.

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Stewardship Code Sustainable Investment Development 52

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

MAY 17, 2023

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 (..)

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Stewardship Code Net Zero Paris Agreement Divestment 52

Chris Hall

JULY 4, 2023

The FCA is an observer and provides the secretariat. The FCA’s Vote Reporting Group is asking for comments on its consultation paper by 21 September 2023. The post Make Vote Reporting Template Mandatory, FCA Told appeared first on ESG Investor.

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Stewardship Code Sustainable Investment Divestment Climate Change 52

Chris Hall

JULY 6, 2022

The DWP will assess whether further guidance is needed in H2 2023. . The updated Stewardship Code came into effect from 1 January, 2020, and reflects the increasing importance of ESG factors for investors, as well as expectations for higher standards by regulators. .

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Net Zero Stewardship Code Paris Agreement Climate Change 52

Chris Hall

OCTOBER 1, 2022

In 2020, the FSA tightened the Stewardship Code to redefine responsibilities and explicitly instruct institutional investors “to consider sustainability (medium- to long-term sustainability including ESG factors) according to their investment management strategies in the course of their constructive engagement with investee companies”.

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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. It remains to be seen what will happen in the coming proxy year.

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Chris Hall

JULY 5, 2023

New Zealand’s Minister for Climate Change James Shaw tells ESG Investor that Australia and New Zealand have a uniquely close relationship. “2023 is the 40 th anniversary of Closer Economic Relations,” Shaw says. “By Last month, the two countries signed an agreement to tackle climate change collaboratively alongside other Pacific countries.

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