Environmental Finance

JULY 24, 2024

Changes to the UK Stewardship Code to remove a requirement to report annually on collaborative engagement and escalation may have been designed to assuage fears particularly among US managers at violating antitrust laws, it has been suggested.

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Stewardship Code 40

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.

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Stewardship Code Sustainable Investment Development Climate Change 83

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.

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Stewardship Code Net Zero Climate Change 64

Chris Hall

MAY 10, 2024

In 2015, the group also submitted its first application to the Financial Reporting Council’s (FRC) UK Stewardship Code. “An An approved Stewardship Code status is basically a baseline entry to pitch for institutional business around responsible investment,” Crossman explained.

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Stewardship Code Divestment Net Zero Development 85

Chris Hall

MAY 11, 2023

UK r egulator aims to address gaps in collaborative engagement in upcoming review of the Stewardship Code. We must avoid well-intentioned but meaningless disclosure and focus on what’s important.

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Stewardship Code Development 52

Chris Hall

JULY 19, 2024

Best practice As a Financial Conduct Authority-regulated asset manager, LPPI has maintained its UK Stewardship Code signatory status for the past three years. Deakin is a strong advocate of the code. The Stewardship Code is currently under review , with the new version expected in early 2025.

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Stewardship Code Net Zero Analytics Development 75

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.

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Stewardship Code Development 59

Chris Hall

JULY 26, 2024

Proposals to bolster sustainable finance in Europe include recommendations for a new region-wide stewardship code. A selection of the major stories impacting ESG investors, in five easy pieces.

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Stewardship Code Paris Agreement Climate Change Net Zero 78

Chris Hall

NOVEMBER 25, 2024

Transparency on corporates’ decarbonisation strategies could require review of SRD II or introduction of European stewardship code. Europe’s regulatory framework should be adjusted to better support shareholder engagement efforts and give investors more oversight of portfolio companies’ climate transition progress, according to industry experts. (..)

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Stewardship Code Banking Development 52

Chris Hall

NOVEMBER 1, 2024

Here, stewardship codes can play a vital role in addressing these different types of relationships to help shape modern expectations on institutional investors. These codes provide guidance and expectations on investors’ engagement with investee companies and other stakeholders to promote long-term value.

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Stewardship Code Value Creation Development Climate Change 59

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.

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Stewardship Code 40

Chris Hall

MARCH 1, 2024

Another long-awaited announcement came from the UK’s Financial Reporting Council (FRC), which confirmed the start of its Stewardship Code 2020 review. Evolution or revolution?

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Stewardship Code Banking Value Creation Climate Change 80

Chris Hall

MAY 12, 2023

“Asset owners in Germany and Belgium were basically following the asset managers’ lead on stewardship, as there is not much pressure applied on them to exert influence,” he said. “It The code is voluntary, but many institutional investors have signed up to it as a way of demonstrating their commitment to responsible investment.

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Stewardship Code Greenwashing Development Sustainable Investment 52

Chris Hall

JULY 5, 2024

Story time – The halfway point of the calendar year brings forth a stream of impact and sustainability reports from asset managers and owners, particularly in the UK, as signatories also comply with their obligations under the Stewardship Code.

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Stewardship Code Net Zero Value Creation Manufacturing 80

Chris Hall

AUGUST 25, 2023

The Stewardship Code says a measure of your engagement quality is case studies. Lewis said research is planned on the impact or correlation of its engagement on companies’ climate policies and transition plans. “The series will look at how we can measure our engagement in different ways. That is one way.

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Stewardship Code 98

Chris Hall

APRIL 14, 2022

Has your asset manager published a UK Stewardship Code statement? If your asset manager is a signatory to the UK Stewardship Code, then this insight is more likely to be central to their investment approach. The UK Stewardship Code sets high stewardship standards for asset managers.

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Greenwashing Stewardship Code Net Zero Sustainable Investment 52

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. Piani described the code as being “pivotal” to the development of the firm’s engagement strategy. “It

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Stewardship Code Net Zero Climate Positive Climate Change 72

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.

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Stewardship Code Analytics Sustainable Investment Climate Change 85

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.

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Stewardship Code Development 69

Chris Hall

MAY 9, 2023

Areas to be covered include the effectiveness of the FRC’s Stewardship Code in creating a market for stewardship, interaction between the code and existing stewardship-related rules in the FCA Handbook , and stewardship-related issues raised in the UK government’s updated Green Finance Strategy , released in March.

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Stewardship Code Net Zero Sustainable Investment Divestment 52

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”.

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Stewardship Code Sustainable Investment Climate Change 52

Chris Hall

APRIL 16, 2024

“This is a significant hiring slowdown, perhaps indicating that stewardship and engagement is an area that managers are willing to cut as they face more challenging times financially,” the report mentioned.

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Stewardship Code Sustainable Investment Banking 52

Chris Hall

OCTOBER 25, 2023

This was followed in 2010 by high level reporting for the Financial Reporting Council’s (FRC) original Stewardship Code. In the UK this coincided with an updating of Stewardship Code reporting requirements and TCFD reporting for pension funds becoming mandatory.”

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Stewardship Code Climate Change Chief Sustainability Officer COP26 59

Chris Hall

JUNE 21, 2023

In the final quarter of 2023, the FRC – working with the FCA, Department for Work and Pensions (DWP) and The Pensions Regulator – will review the regulatory framework for effective stewardship, including the operation of the Stewardship Code.

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Stewardship Code Net Zero Waste 52

Chris Hall

MARCH 29, 2023

AIST also said if APRA is encouraging disclosure of stewardship activity, it should provide guidance on the appropriate level of disclosure, noting, “better practice is likely to involve disclosure in line with an existing stewardship code”.

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Stewardship Code Impact Investing Development 52

Chris Hall

JANUARY 31, 2023

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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Stewardship Code Academics Sustainable Investment 52

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.

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Net Zero Paris Agreement Stewardship Code Climate Change 52

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. .

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Stewardship Code Analytics Development 52

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.

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Stewardship Code Sustainable Investment 59

Chris Hall

AUGUST 15, 2024

While reporting remains important to demonstrate that signatories are meeting the PRI principles and for global benchmarking, parallel requirements exist under stewardship codes and the Task Force on Climate-related Financial Disclosure. “Now there’s a plethora of those – both mandatory and voluntary.”

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Stewardship Code Development 64

Chris Hall

AUGUST 6, 2024

There are several options trustees can use to show that they are actively monitoring and engaging with managers of pooled funds, according to TPR.

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Stewardship Code Net Zero Climate Change 64

Chris Hall

MARCH 13, 2023

ShareAction called on regulators to develop and enforce mandatory stewardship rules for asset managers and owners, noting the positive contribution to performance and disclosure made by the UK Stewardship Code 2020 and Europe’s Sustainable Finance Disclosure Regulation.

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Stewardship Code Divestment Climate Change Development 52

Chris Hall

MAY 17, 2023

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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Stewardship Code Net Zero Paris Agreement Divestment 52

Chris Hall

OCTOBER 1, 2022

In 2020, the FSA tightened the Stewardship Code to redefine responsibilities and explicitly instruct institutional investors “to consider sustainability (medium- to long-term sustainability including ESG factors) according to their investment management strategies in the course of their constructive engagement with investee companies”.

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Climate Action Tracker Stewardship Code Sustainable Investment Climate Change 98

Chris Hall

MARCH 30, 2023

Definition and evaluation The strategy confirmed that the Financial Reporting Council (FRC) , alongside the DWP, Financial Conduct Authority (FCA) and The Pensions Regulator (TPR), will be reviewing the UK’s whole regulatory framework for effective stewardship in Q4, including the operation of the Stewardship Code. As well as considering whether (..)

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Net Zero Stewardship Code Chief Sustainability Officer Climate Change 52

Chris Hall

APRIL 20, 2022

The authors suggested that this could be due to the fact pension funds collectively hold a smaller proportion of total institutional shareholdings in individual firms, so their influence over corporate governance is therefore more limited. .

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Stewardship Code Banking 52

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.

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Stewardship Code Sustainable Investment Development 52