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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).

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A Fine Line

Chris Hall

Laith Cahill, Senior Net Zero Stewardship Specialist at the IIGCC, says the UK’s streamlined Stewardship Code must preserve its ambition. The Stewardship Code plays a key role in influencing global practice and rigour. These are both critical elements in investors’ stewardship toolkits.

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Engagement is More Than “Criticising Companies” – Schroders  

Chris Hall

The Stewardship Code says a measure of your engagement quality is case studies. It’s really important that we present one view.” She added that unlike other competitors it also didn’t split its vote at company AGMs. “We That is one way. We believe it dilutes the effectiveness of engagement,” she said.

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Take Five: The Waiting is Almost Over

Chris Hall

Clearing’s present danger – Financial market infrastructures are waking up to climate risks, even as some central banks are scaling back their work in this area. Another long-awaited announcement came from the UK’s Financial Reporting Council (FRC), which confirmed the start of its Stewardship Code 2020 review.

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

Chris Hall

A 2019 study of the stewardship activities of the big three index fund managers – BlackRock, Vanguard and State Street – found that there was no engagement with 90% of investee companies over three years, with a further 5% of firms experiencing a single engagement.

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A Missed Opportunity

Chris Hall

The concept of assessing what effective stewardship should look like was first introduced by the FCA in 2019 in a joint effort with the Financial Reporting Council (FRC), setting the groundwork which helped define what the minimum expectations should be for financial services firms investing on behalf of clients and beneficiaries.

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Why Policy Matters

Chris Hall

For sustainable investment professionals, reporting against the Sustainable Finance Disclosure Regulation (SFDR) or the Task Force on Climate-related Financia Disclosures, stewardship code disclosures, and standardised, comparable corporate reporting are now part of the day job. Policy takers and policy shapers.