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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. The post UK Stewardship Code to Benefit from Fine-tuning appeared first on ESG Investor.

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UK Stewardship Code to Keep up with the Times

Chris Hall

Andrea Tweedie, Head of Stewardship at the Financial Reporting Council, highlights progress to date and calls for ‘good, bad and ugly’ feedback ahead of the upcoming review. The new codes substantially raised expectations for how money is invested on behalf of UK savers and pensioners,” said Tweedie.

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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. In Q2 2024, Europe’s strengthening performance was, however, offset by outflows in virtually every other market – meaning green funds globally saw just US$4.3 billion of net new money.

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The Key to Effective Stewardship

Chris Hall

billion of pension fund assets, as of 30 June 2024, and manages seven investment-pooling vehicles across seven asset classes: global equities, fixed income, infrastructure, real estate, private equity, credit and alternatives. Deakin is a strong advocate of the code. LPPI, for example, is responsible for £26.3

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Government Delay of ARGA Leaves FRC Toothless

Chris Hall

In March 2021, the BEIS published a consultation calling for an increase in audit firms’ accountability to shareholders, an expanded scope to include non-financial information such as ESG risks, and announced the development of ARGA. The consultation received over 600 responses, with the majority proving supportive of the new regulatory body.

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Take Five: The Waiting is Almost Over

Chris Hall

The Nature Restoration Law (NRL) was passed by the European Parliament on Tuesday , but recent legislative developments suggest formal adoption by member states via the European Council is far from certain. FRC Head of Stewardship Andrea Tweedie’s keynote speech at the Stewardship Summit 2024 should shed further light on this.

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Japan’s GPIF Studying Stewardship Impact

Chris Hall

“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.