Remove Climate Change Remove Net Zero Remove Stewardship Code
article thumbnail

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. Since its last update in 2019, the landscape for stewardship and reporting has evolved drastically. Investor needs have changed, as have regulatory obligations.

article thumbnail

The Spirit of Partnership

Chris Hall

As evidence of the financial implications of climate change become more apparent, and other systemic risks gain prominence, fractures have begun to show. Alongside climate change, other key responsible investment priority themes include biodiversity and nature, and human rights and social issues.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Take Five: Ready to Engage

Chris Hall

Proposals to bolster sustainable finance in Europe include recommendations for a new region-wide stewardship code. Withdrawals from Climate Action 100+ have been taken by many as signs that the red team is winning. A selection of the major stories impacting ESG investors, in five easy pieces. Finance is an issue.

article thumbnail

New Climate Rules and Guidance for UK Pensions

Chris Hall

The DWP issued a consultation last October on proposed changes to the Occupational Pension Schemes (Climate Change Governance and Reporting) Regulations 2021 to require trustees to calculate and disclose a portfolio alignment metric to show alignment with the goal of limiting climate change to 1.5 degrees Celsius.

article thumbnail

Take Five: Policy and Power

Chris Hall

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. Sounds familiar? That’s because it is.

article thumbnail

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.

article thumbnail

UK Aims to End Uncertainty on Fiduciary Duty

Chris Hall

Green Finance Strategy outlines the government’s plans to align the finance sector with its net zero commitments.  A commitment to review pension trustees’ fiduciary duties and stewardship activities in the UK’s updated Green Finance Strategy has been welcomed by industry experts.