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Lack of Resources Weakening Stewardship Efforts

Chris Hall

As part of its ongoing work, Redington also assesses asset managers’ reporting efforts annually against the UK Stewardship Code. As such, last year’s report analysed the code disclosures of 44 asset managers, noting “huge variability” in the number of engagement actions reported.

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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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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.

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Make Vote Reporting Template Mandatory, FCA Told

Chris Hall

Paul Lee, Head of Stewardship and Sustainable Investment Strategy at investment consultants Redington, told ESG Investor the proposals should simplify the vote reporting process for both parties. 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

Through SIPs, trustees with 100 or more members are now expected to publicly state their – or their external managers’ – engagement policy and priorities, and explain in detail how they steward their sustainable investments. The DWP will assess whether further guidance is needed in H2 2023. .