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The Long Game

Chris Hall

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 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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Make Vote Reporting Template Mandatory, FCA Told

Chris Hall

The FCA is an observer and provides the secretariat. The FCA’s Vote Reporting Group is asking for comments on its consultation paper by 21 September 2023. The post Make Vote Reporting Template Mandatory, FCA Told appeared first on ESG Investor.

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Trustees to Engage with Future

Chris Hall

The DWP will assess whether further guidance is needed in H2 2023. . The updated Stewardship Code came into effect from 1 January, 2020, and reflects the increasing importance of ESG factors for investors, as well as expectations for higher standards by regulators. .

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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 (..)