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Take Five: Ready to Engage

Chris Hall

Proposals to bolster sustainable finance in Europe include recommendations for a new region-wide stewardship code. Three agencies are organising a series of six events – dubbed the NDCs 3.0 A selection of the major stories impacting ESG investors, in five easy pieces.

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PRI Seeks End to ‘Box-ticking’ Approach to Stewardship

Chris Hall

The PRI is also establishing a technical working group to act as a “sounding board” on issues including stewardship practices, capacity constraints and resourcing models. A report is scheduled to be published ahead of the PRI in Person 2023 event in October. But it also identified wide differences in practices and budgets deployed.

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New Climate Rules and Guidance for UK Pensions

Chris Hall

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 Stewardship Code.

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Stewardship Nears Breaking Point

Chris Hall

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 Stewardship Code. Also speaking at the Stewardship Summit, Mark Manning , Strategic Policy Advisor on (..)

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Bridging Asia’s ESG Information Gap

Chris Hall

Some Asian economies have established greater consistency and transparency, such as through introducing TCFD-aligned (Taskforce on Climate-related Financial Disclosure) regulations in Singapore, Hong Kong and Malaysia, or sustainability reporting and stewardship codes in Taiwan and Japan. . Patchwork of information .

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Take Five: US AGs Cast a Long Shadow

Chris Hall

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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Growth over Governance

Chris Hall

And [ensure] our capital markets have the best possible assets for our policyholders, pensioners and savers to have enough money for life events and old age, said Hoggett, who chairs the taskforce, having played a key role in establishing it and recruiting its members, which include the CEOs of large asset owner and investment management firms.