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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 final phase will see a revised version of the code being published sometime during Q1 2025, with a likely effective date in January 2026.

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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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The Key to Effective Stewardship

Chris Hall

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.

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EU Rules Overhaul Needed to Scrutinise Transition Plans

Chris Hall

Transparency on corporates’ decarbonisation strategies could require review of SRD II or introduction of European stewardship code. 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. (..)

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Stewardship Tools Evolve to Meet Rising Demand

Chris Hall

The tool lets users generate real-time reports aligned with frameworks including the UK’s Stewardship Code 2020, the Global Reporting Initiative taxonomy and the UN Sustainable Development Goals. Gillies flagged the UK Stewardship Code as being a particular catalyst for the growth of investors’ and managers’ focus on engagement.

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Phoenix Champions Human Rights Stewardship

Chris Hall

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