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Battlelines Drawn Over UK Stewardship Code 

Chris Hall

The previous version of the Stewardship Code, adopted in 2020, defined stewardship as the creation of long-term value for clients and beneficiaries, leading to sustainable benefits for the economy, the environment and society. Battlelines drawn The consultation on the new Stewardship Code concluded on 19 February.

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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. trillion (US$64.8

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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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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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FRC Promises High Bar for New UK Stewardship Code

Chris Hall

Changes to the UK Stewardship Code wont lower ambition but will instead introduce more flexibility that better caters to its breadth of signatories, according to the Financial Reporting Council (FRC). Last year, the FRC was alsocriticised for watering down its ESG and audit requirements in revisions to the UK Corporate Governance Code.

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Growth over Governance

Chris Hall

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 Stewardship Code, which now numbers 297 signatories, representing 52.3 trillion assets under management.

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FRC Stewardship Reframing Risks “Ambiguity”

Chris Hall

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 Stewardship Code has been received with alarm by asset owners and managers.