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Stewardship Code

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Battlelines Drawn Over UK Stewardship Code

Chris Hall

FEBRUARY 21, 2025

The previous version of the Stewardship Code, adopted in 2020, defined stewardship as the creation of long-term value for clients and beneficiaries, leading to sustainable benefits for the economy, the environment and society. Battlelines drawn The consultation on the new Stewardship Code concluded on 19 February.

Stewardship Code

Stewardship Code Sustainable Investment

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FRC Streamlines Stewardship Code

Chris Hall

JULY 26, 2024

The UK’s Financial Reporting Council (FRC) has moved to reduce reporting burdens and streamline processes for signatories through a revamp of its Stewardship Code. We’re really aware that the Stewardship Code doesn’t exist and operate in isolation, but that we are part of a wider regulatory framework,” she underlined.

Stewardship Code

Stewardship Code

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Europe’s Next Big Step

Chris Hall

AUGUST 28, 2024

Supervisory authority ESMA is calling for EU-wide stewardship code to hone and standardise investors’ engagement efforts and disclosures. There’s also the stewardship code introduced by the European Fund and Asset Management Association (EFAMA), which was first adopted in 2011.

Stewardship Code

Stewardship Code Sustainable Investment Development Climate Change

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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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Bridging Asia’s ESG Information Gap

Chris Hall

AUGUST 10, 2022

Regulation and data market growth go hand-in-hand, so it’s unsurprising to see Europe leading the world as investor demand prompts more stringent reporting and disclosure requirements, which in turn drives demand for more and better information to support those disclosures. . Patchwork of information .

Chief Sustainability Officer

Chief Sustainability Officer Stewardship Code Greenwashing Banking

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Stewardship and Governance “Two Sides of the Same Coin” – FRC

Chris Hall

MAY 11, 2023

UK r egulator aims to address gaps in collaborative engagement in upcoming review of the Stewardship Code. The UK Stewardship Code currently has over 250 signatories, representing approximately US$45 trillion in AuM, including Brunel Pension Partnership, Church of England Pensions Board and Railpen, among others.

Stewardship Code

Stewardship Code Development

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Government Delay of ARGA Leaves FRC Toothless

Chris Hall

NOVEMBER 17, 2023

In March 2021, the BEIS published a consultation calling for an increase in audit firms’ accountability to shareholders, an expanded scope to include non-financial information such as ESG risks, and announced the development of ARGA. The consultation received over 600 responses, with the majority proving supportive of the new regulatory body.

Stewardship Code

Stewardship Code Development

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Phoenix Champions Human Rights Stewardship

Chris Hall

JUNE 28, 2024

Asset owner makes progress on climate and asset manager information-sharing in first year as Stewardship Code signatory. Last year, Phoenix also became a signatory of the Financial Reporting Council’s UK Stewardship Code. It intends to support constructive dialogue,” she said.

Stewardship Code

Stewardship Code Net Zero Climate Positive Climate Change

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Stewardship Tools Evolve to Meet Rising Demand

Chris Hall

OCTOBER 17, 2024

By incorporating Sustainalytics’ data into the tool, Maanch offers clients access to hundreds of engagement cases with issuers and related reports, voting recommendations, as well as insights on company meetings, all of which can help inform decision-making. The code currently counts 289 signatories, collectively accounting for £50.3

Stewardship Code

Stewardship Code Sustainable Investment Banking Development

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All About the Outcomes

Chris Hall

MAY 8, 2024

While one asset manager reported 5,312 engagement actions over 12 months, five others recorded 200 or fewer over the same period. It’s imperative that asset owners outline their stewardship expectations to asset managers from the outset, suggests Joe Dabrowski, Deputy Director at the Pensions and Lifetime Savings Association (PLSA).

Stewardship Code

Stewardship Code Analytics Sustainable Investment Climate Change

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A Step Forward for Stewardship

Chris Hall

MAY 12, 2023

“The third pillar deals with how to develop stewardship guidelines and implement them, with the fourth pillar focusing on financial and non-financial reporting and how to report that information to stakeholders, as well as covering practical issues such as greenwashing.

Stewardship Code

Stewardship Code Greenwashing Development Sustainable Investment

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Japan’s GPIF Studying Stewardship Impact

Chris Hall

SEPTEMBER 14, 2023

As a signatory of Japan’s Stewardship Code since 2014, GPIF is committed to upholding its eight principles in its engagement activities. Japan’s Government Pension Investment Fund (GPIF) , the world’s largest asset owner with US$1.4

Stewardship Code

Stewardship Code Development

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Stewardship Dialogue Must be Ongoing – FCA

Chris Hall

MAY 9, 2023

Manning said feedback on this subject would inform a planned review of the overall UK legal and regulatory framework relating to investment stewardship, due to be conducted later this year. The paper asked for feedback on “additional measures” to help FCA-regulated firms identify and respond to market-wide and systemic risks.

Stewardship Code

Stewardship Code Net Zero Sustainable Investment Divestment

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Proxy Advisors Welcome FRC Analysis into Industry

Chris Hall

JUNE 21, 2023

The review will assess whether the Stewardship Code is creating a market for effective stewardship and the need for any further regulation in this area. We [proxy advisors] are an easy part of the investment chain to kick. The post Proxy Advisors Welcome FRC Analysis into Industry appeared first on ESG Investor.

Stewardship Code

Stewardship Code Net Zero Waste

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UK Aims to End Uncertainty on Fiduciary Duty

Chris Hall

MARCH 30, 2023

A commitment to review pension trustees’ fiduciary duties and stewardship activities in the UK’s updated Green Finance Strategy has been welcomed by industry experts.

Net Zero Stewardship Code Chief Sustainability Officer Climate Change

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New Climate Rules and Guidance for UK Pensions

Chris Hall

MARCH 10, 2022

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.

Net Zero Paris Agreement Stewardship Code Climate Change

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TAI Takes Stewardship Data to Task

Chris Hall

MAY 20, 2024

If you look at stewardship codes across the world, they touch on resources as being a key element, but without explicitly giving out guidance on how organisations can report and which resources are required,” Jessica Gao, Director of Research at the TAI, told ESG Investor.

Stewardship Code

Stewardship Code Sustainable Investment

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Stewardship Nears Breaking Point

Chris Hall

MAY 17, 2023

The questionnaire has been consulted on by the investment industry and regulators, and the IIGCC is in the process of finalising it following feedback, to be published in the next few months.

Stewardship Code

Stewardship Code Net Zero Paris Agreement Divestment

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Make Vote Reporting Template Mandatory, FCA Told

Chris Hall

JULY 4, 2023

Following this year’s proxy season, the UK Asset Owner Roundtable has invited asset managers to have a “constructive dialogue” with its members to improve alignment on climate-related engagements with investee firms.

Stewardship Code

Stewardship Code Sustainable Investment Divestment Climate Change

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Trustees to Engage with Future

Chris Hall

JULY 6, 2022

It emphasised the importance of trustees raising their climate stewardship ambitions by using Paris-alignment metrics to inform their engagement efforts to ensure they are truly contributing to the goals of the Paris Agreement. . Trustees can then use this information to prioritise specific companies for engagement. . “We

Net Zero Stewardship Code Paris Agreement Climate Change

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Benchmark Study Takes Stewardship Data to Task

Chris Hall

MAY 20, 2024

If you look at stewardship codes across the world, they touch on resources as being a key element, but without explicitly giving out guidance on how organisations can report and which resources are required,” Jessica Gao, Director of Research at the TAI, told ESG Investor.

Stewardship Code

Stewardship Code Sustainable Investment Development

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Responsible Stewardship: Quality, not Quantity

Chris Hall

OCTOBER 7, 2022

The mainstreaming of the industry has stimulated innovation on all levels, from the creation of new financial products, to a booming service provider space and novel research to help close knowledge and information gaps.

Stewardship Code

Stewardship Code Academics Divestment Greenwashing

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New ESG Equity Guidance Reflects Steep Learning Curve – PRI

Chris Hall

APRIL 18, 2023

The updated guide, which “supersedes and replaces” the 2016 version, includes stewardship in a “much more integrated way”, he added, further recognising the way investors can incorporate ESG factors.

Stewardship Code

Stewardship Code Development

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

Chris Hall

JUNE 21, 2022

Concerns were also raised that schemes would be required to report on their portfolio alignment before asset managers, potentially meaning they may not be able secure all the information needed from their service providers.

Paris Agreement

Paris Agreement Stewardship Code Climate Change Divestment

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FCA Guidance Needed on ESG-based Exec Pay

Chris Hall

MAY 12, 2023

As an example, it noted that Scope 3 emissions – which are considered the most wide-ranging and hardest to decarbonise – are not always incorporated within companies’ decarbonisation remuneration KPIs. It suggested embedding sustainability-related objectives into the annual appraisal processes for staff as an example.

Stewardship Code

Stewardship Code Sustainable Investment Banking Social Sustainability

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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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Overcoming the Challenges of Measuring Social Performance

Chris Hall

APRIL 29, 2022

Scanning across to the Financial Reporting Council’s UK Stewardship Code, the 2020 Code represents a mature governance regime for UK-listed businesses. It has its origins in 1992’s Cadbury report and code, which covers the financial aspects of corporate governance.

Greenhouse Gas Protocol

Greenhouse Gas Protocol Stewardship Code Corporate Social Responsibility Greenwashing

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Take Five: US AGs Cast a Long Shadow

Chris Hall

MAY 26, 2023

But there is clearly much more progress needed, in terms of aligning information and finance flows to the aims of the Global Biodiversity Framework. For certain, the exercise adds to the workload of the Financial Reporting Council, which is also undertaking reviews of both the UK Stewardship Code and UK Corporate Governance Code.

Net Zero Stewardship Code Divestment Academics

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Shareholder Rights at the Crossroads

Chris Hall

JANUARY 8, 2025

The UKs Financial Conduct Authority (FCA) launched the Vote Reporting Group in 2022 to examine obstacles to information flows between asset managers to asset owners on how voting rights are exercised.

Stewardship Code

Stewardship Code

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Keeping Up with the Neighbours

Chris Hall

JULY 5, 2023

The country is also upping its game on stewardship, with New Zealand’s inaugural Stewardship Code launching last year with 17 signatories, says Simon O’Connor outgoing CEO of RIAA. “The Code was developed collaboratively by the industry and responds to our unique context in New Zealand,” he says.

Net Zero Climate Change Paris Agreement Greenwashing