This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The UK’s Financial Reporting Council (FRC) has moved to reduce reporting burdens and streamline processes for signatories through a revamp of its StewardshipCode. The final phase will see a revised version of the code being published sometime during Q1 2025, with a likely effective date in January 2026.
A review of the UK StewardshipCode 2020 should prompt evolution rather than revolution, according to industry experts, who want to see refinement aimed at further improving outcomes. The post UK StewardshipCode to Benefit from Fine-tuning appeared first on ESG Investor.
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.
In its 2023 autumn statement, the previous UK government had set 31 March 2025 as a deadline for the consolidation of LGPS in England and Wales. million (US$199 million) – meaning it was on track to deliver £200 million in cost savings by 2025, according to estimates. Deakin is a strong advocate of the code.
Transparency on corporates’ decarbonisation strategies could require review of SRD II or introduction of European stewardshipcode. Europe’s regulatory framework should be adjusted to better support shareholder engagement efforts and give investors more oversight of portfolio companies’ climate transition progress, according to industry experts. (..)
The tool lets users generate real-time reports aligned with frameworks including the UK’s StewardshipCode 2020, the Global Reporting Initiative taxonomy and the UN Sustainable Development Goals. Gillies flagged the UK StewardshipCode as being a particular catalyst for the growth of investors’ and managers’ focus on engagement.
Asset owner makes progress on climate and asset manager information-sharing in first year as StewardshipCode signatory. Last year, Phoenix also became a signatory of the Financial Reporting Council’s UK StewardshipCode. Piani described the code as being “pivotal” to the development of the firm’s engagement strategy. “It
Proposed revision to stewardship definition seen as potentially weakening ambition and fostering distance between investment decisions and their impacts. A tweak to the Financial Reporting Council’s (FRC) definition of stewardship in a proposed update to the UK StewardshipCode has been received with alarm by asset owners and managers.
Rules of engagement Closely linked to Listings Rules revamp in the eyes of asset owners is the Financial Reporting Councils (FRC) proposed changes to the UK StewardshipCode, which now numbers 297 signatories, representing 52.3 trillion assets under management.
After a pension fund-led coalition laid out new expectations for managers on climate related-stewardship, there were signs of consensus among customer and supplier over the name of the game. The SECs new rules might further suppress their appetite or opportunity to even do that in 2025.
Investors intend to step up efforts to hold asset managers to account in 2025, while also pushing back against DCSS and other limits. This threatens the foundations of our system [and] we are likely to see further attempts to dilute shareholder rights in 2025.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content