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UK Stewardship Code to Benefit from Fine-tuning

Chris Hall

A review of the UK Stewardship Code 2020 should prompt evolution rather than revolution, according to industry experts, who want to see refinement aimed at further improving outcomes. The post UK Stewardship Code to Benefit from Fine-tuning appeared first on ESG Investor.

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UK Stewardship Code to Keep up with the Times

Chris Hall

Andrea Tweedie, Head of Stewardship at the Financial Reporting Council, highlights progress to date and calls for ‘good, bad and ugly’ feedback ahead of the upcoming review. The new codes substantially raised expectations for how money is invested on behalf of UK savers and pensioners,” said Tweedie. “In

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A Step Forward for Stewardship

Chris Hall

Dr Alexander Juschus , CEO of the Association of Stewardship Professionals, outlines the importance of filling the stewardship skills gap to drive sustainable outcomes. While its roots may be longer, stewardship is synonymous today with sustainable investing.

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Stewardship Dialogue Must be Ongoing – FCA

Chris Hall

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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Will Fiduciary Fog Clear for Trustees?

Chris Hall

Further clarification may be on the way as the UK government’s updated Green Finance Strategy 2023 includes a commitment to review pension trustees’ fiduciary duties and stewardship activities. The paper notes that as a relatively new concept, stewardship has not been explicitly included in the terms of many pension fund trusts.

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ESG Overload 

Chris Hall

UK asset owners are feeling the squeeze from sustainability reporting, but they are working on ways to ease the pinch. This was followed in 2010 by high level reporting for the Financial Reporting Council’s (FRC) original Stewardship Code. Then in 2020, things began to change, notes Russell.

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An Increasing Sense of Urgency

Chris Hall

These long-held principles of sustainability have filtered down to the world of investment. According to figures published by The Global Sustainable Investment Alliance in 2021, Japan’s total sustainably invested assets stood at US$42,874 billion in 2020, representing a more than fivefold increase from 2016.