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Definition

Stewardship Code

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Battlelines Drawn Over UK Stewardship Code

Chris Hall

FEBRUARY 21, 2025

Many sustainability-focused investment managers and asset owners remain anxious that the UKs Financial Reporting Council (FRC) has removed all mention of environment and society from its definition of stewardship. Last week, the FRC said that 297 institutions had signed its Stewardship Code so far, accounting for a total of 52.3

Stewardship Code

Stewardship Code Sustainable Investment

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UK Stewardship Code to Benefit from Fine-tuning

Chris Hall

MARCH 4, 2024

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

Environmental Finance

FEBRUARY 14, 2025

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).

Stewardship Code

Stewardship Code

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

Environmental Finance

NOVEMBER 11, 2024

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.

Stewardship Code

Stewardship Code

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The Key to Effective Stewardship

Chris Hall

JULY 19, 2024

“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).”

Stewardship Code

Stewardship Code Net Zero Analytics Development

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Government Delay of ARGA Leaves FRC Toothless

Chris Hall

NOVEMBER 17, 2023

“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.

Stewardship Code

Stewardship Code Development

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

Chris Hall

MARCH 29, 2023

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.

Stewardship Code

Stewardship Code Impact Investing Development

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Will Fiduciary Fog Clear for Trustees?

Chris Hall

MAY 24, 2023

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”.

Stewardship Code

Stewardship Code Sustainable Investment Climate Change

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UK Code Sparks Overhaul of Stewardship Governance

Chris Hall

JULY 7, 2022

The introduction of a toughened code has led to improved governance and resourcing of stewardship by UK-based asset managers and owners, but investment in the area faces ongoing challenges, including tensions with other staff. .

Stewardship Code

Stewardship Code Analytics Development

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UK Aims to End Uncertainty on Fiduciary Duty

Chris Hall

MARCH 30, 2023

“If there is a problem, its solution will be a legal one, so the FMLC is a sensible vehicle for considering it,” he said, adding that the FMLC has the “appetite to do the work, the right people in the room, and a real capacity to deliver”.

Net Zero Stewardship Code Chief Sustainability Officer Climate Change

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Voting Policies Offering Asset Owners Closer Scrutiny

Chris Hall

JULY 18, 2022

In terms of drivers of geographic distinctions, he cited the recently strengthened UK Stewardship Code as one reason why European firms generally outperformed their US counterparts on clarity of voting policy. Increasingly vocal.

Net Zero Stewardship Code COP26 Analytics

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APAC’s Race to the Top

Chris Hall

FEBRUARY 21, 2025

Shaking up existing stewardship practices can take time, especially when the current approach is so deeply embedded. Many countries in Asia already have stewardship codes in place, including Japan, Singapore, Hong Kong and South Korea. Koreas value-up programme is inspired by a similar initiative in Japan.

Stewardship Code

Stewardship Code Net Zero Sustainable Investment Development

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A Fine Line

Chris Hall

AUGUST 23, 2024

Laith Cahill, Senior Net Zero Stewardship Specialist at the IIGCC, says the UK’s streamlined Stewardship Code must preserve its ambition. Since its last update in 2019, the landscape for stewardship and reporting has evolved drastically. The Stewardship Code plays a key role in influencing global practice and rigour.

Stewardship Code

Stewardship Code Net Zero Climate Change

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Take Five: Ready to Engage

Chris Hall

JULY 26, 2024

Proposals to bolster sustainable finance in Europe include recommendations for a new region-wide stewardship code. The UN report said a common definition and mapping of financing for food security and nutrition were “urgently needed”. A selection of the major stories impacting ESG investors, in five easy pieces.

Stewardship Code

Stewardship Code Paris Agreement Climate Change Net Zero

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FRC Promises High Bar for New UK Stewardship Code

Chris Hall

FEBRUARY 4, 2025

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.

Stewardship Code

Stewardship Code

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FRC Stewardship Reframing Risks “Ambiguity”

Chris Hall

NOVEMBER 19, 2024

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.

Stewardship Code

Stewardship Code Analytics

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Growth over Governance

Chris Hall

FEBRUARY 19, 2025

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.

Stewardship Code

Stewardship Code

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Take Five: Engaged on Stewardship

Chris Hall

FEBRUARY 21, 2025

After a pension fund-led coalition laid out new expectations for managers on climate related-stewardship, there were signs of consensus among customer and supplier over the name of the game.

Stewardship Code

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