Remove 2023 Remove Stewardship Code Remove Sustainable Investment
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Europe’s Next Big Step

Chris Hall

Supervisory authority ESMA is calling for EU-wide stewardship code to hone and standardise investors’ engagement efforts and disclosures. There’s also the stewardship code introduced by the European Fund and Asset Management Association (EFAMA), which was first adopted in 2011.

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Take Five: Ready to Engage

Chris Hall

Proposals to bolster sustainable finance in Europe include recommendations for a new region-wide stewardship code. This week the European Securities and Markets Authority (ESMA) laid out its long-term vision for Europe’s Sustainable Finance Framework.

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Take Five: Policy and Power

Chris Hall

Story time – The halfway point of the calendar year brings forth a stream of impact and sustainability reports from asset managers and owners, particularly in the UK, as signatories also comply with their obligations under the Stewardship Code.

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A Step Forward for Stewardship

Chris Hall

Dr Alexander Juschus , CEO of the Association of Stewardship Professionals, outlines the importance of filling the stewardship skills gap to drive sustainable outcomes. While its roots may be longer, stewardship is synonymous today with sustainable investing.

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Lack of Resources Weakening Stewardship Efforts

Chris Hall

As part of its ongoing work, Redington also assesses asset managers’ reporting efforts annually against the UK Stewardship Code. As such, last year’s report analysed the code disclosures of 44 asset managers, noting “huge variability” in the number of engagement actions reported.

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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

These long-held principles of sustainability have filtered down to the world of investment. 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.