article thumbnail

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.

article thumbnail

UKSIF presents alternative to 'watered-down' UK Stewardship Code

Environmental Finance

Investors have been asked to support linking investment stewardship to the creation of 'long-term sustainable value' in the UK Stewardship Code, in an alternative definition to 'watered-down' proposals by the Financial Reporting Council (FRC).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

UK's FRC downgrades 'environment and society' in updated definition of stewardship

Environmental Finance

The UK Financial Reporting Council (FRC) has downgraded the words 'environment and society' in a redefinition of stewardship under proposed updates to the country's Stewardship Code.

article thumbnail

The Key to Effective Stewardship

Chris Hall

Stewardship encompasses everything that we manage, including our pension fund clients’ assets and reputation; it is not just about traditional activities such as engagement,” Frances Deakin told ESG Investor. Viewing stewardship as everything we do is my definition of responsible investment (RI).”

article thumbnail

Government Delay of ARGA Leaves FRC Toothless

Chris Hall

“Two sides of the same coin” During the consultation on the UK Corporate Governance Code, stakeholders also raised concerns about the UK Stewardship Code, the FRC said in its statement. The UK Stewardship Code has over 250 signatories, including UK pension schemes Brunel Pension Partnership and Railpen.

article thumbnail

“Clear Direction” on ESG in New Guidance for Australian Super Funds  

Chris Hall

The draft guidance is due to be finalised in Q2 2023. The post “Clear Direction” on ESG in New Guidance for Australian Super Funds appeared first on ESG Investor.

article thumbnail

Will Fiduciary Fog Clear for Trustees?

Chris Hall

I assume that the aim of the latest review is to examine ongoing issues around fiduciary duty, especially in the context of the revised UK Stewardship Code 2020, to see what obstacles (real or perceived) remain.” The paper notes that the UK Stewardship Code is “guidance and not a legal obligation”.