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Trustees should exert their influence over asset managers and investee companies to ensure they are “walking the walk” in terms of adapting their business models to net zero objectives, she said, including encouraging managers to sign up to the UK StewardshipCode.
A recent Financial Conduct Authority (FCA) discussion paper asked for feedback on possible regulatory change needed to support collaborative engagement and systemic stewardship, while the Financial Reporting Council is due to lead a review of its StewardshipCode. Also speaking at the Stewardship Summit, Mark Manning , Strategic Policy Advisor on (..)
As support for climate-led shareholder rebellions at oil and gas firms remained stubbornly stuck at one-in-five, exemplified at Shell’s eventful AGM , some long-term investors seemed to signal the end of the recent phase of carbon-fuelled engagement. End of the line? –
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