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Others, though, see this as a positive step, saying that the simplification will make it easier for companies and asset managers to live up to their sustainability commitments. Last week, the FRC said that 297 institutions had signed its StewardshipCode so far, accounting for a total of 52.3 trillion (US$64.7 trillion) in AUM.
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.
Maanch enhances stewardship platform as fast-changing expectations lead to new pressures on service providers to support collaboration. The vital and expanding role of stewardship in reaching sustainableinvestment goals is prompting a step change in the technology deployed to support it. trillion in AUM.
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