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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. Investor needs have changed, as have regulatory obligations. The Stewardship Code plays a key role in influencing global practice and rigour.

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Take Five: The Waiting is Almost Over

Chris Hall

Clearing’s present danger – Financial market infrastructures are waking up to climate risks, even as some central banks are scaling back their work in this area. Another long-awaited announcement came from the UK’s Financial Reporting Council (FRC), which confirmed the start of its Stewardship Code 2020 review.

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Trustees Must Overcome Data Gaps to Report on Paris Alignment – UK DWP

Chris Hall

The Department of Work and Pensions (DWP) outlined changes to statutory guidance to provide “further clarity” to pension trustees on how to report on portfolio alignment, but said there was no case for delay. C temperature pathway.

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A Missed Opportunity

Chris Hall

The concept of assessing what effective stewardship should look like was first introduced by the FCA in 2019 in a joint effort with the Financial Reporting Council (FRC), setting the groundwork which helped define what the minimum expectations should be for financial services firms investing on behalf of clients and beneficiaries.

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Take Five: A Gift from God

Chris Hall

UN Climate Change Executive Secretary Simon Stiell insisted agreement on Article 6 would “help countries implement their climate plans faster and cheaper”, while acknowledging the difficulties facing the process. But would its effect be felt at COP29 in Azerbaijan? Back for good?