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FRC Streamlines Stewardship Code

Chris Hall

The UK’s Financial Reporting Council (FRC) has moved to reduce reporting burdens and streamline processes for signatories through a revamp of its Stewardship Code. The second phase will now consist in a full public consultation, due to be launched in the summer after the 2024 AGM voting season.

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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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A Fine Line

Chris Hall

Laith Cahill, Senior Net Zero Stewardship Specialist at the IIGCC, says the UK’s streamlined Stewardship Code must preserve its ambition. Since its last update in 2019, the landscape for stewardship and reporting has evolved drastically. The Stewardship Code plays a key role in influencing global practice and rigour.

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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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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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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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Lack of Resources Weakening Stewardship Efforts

Chris Hall

Panellists at ESG Investor ’s 2024 summit highlighted resourcing gaps in stewardship teams and recommended sharing of engagement responsibility. While one asset manager reported 5,312 engagement actions over a 12-month period, five others recorded 200 or fewer over the same period.