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The Long Game

Chris Hall

Three years earlier, Rathbones had signed up to the Principles for Responsible Investment (PRI), which he had helped develop. As part of that, we looked at the stewardship area and concluded we should be doing more of it.” There is almost an industrial machinery around stewardship reporting.”

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Stewardship Dialogue Must be Ongoing – FCA

Chris Hall

The review factored in the implications of UK market abuse regulations and developments in competition law in major jurisdictions. Manning said the TPT’s guidance would provide support and input for investors’ sustainability-related stewardship activities. “If

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Managers not Committing to “Most Impactful” Stewardship Measures

Chris Hall

But far fewer (13%) are disclosing the impacts of all their portfolios on people and planet, with around half reporting a commitment to divest or reduce holdings or refuse to purchase new debt from “problematic companies”.

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New Climate Rules and Guidance for UK Pensions

Chris Hall

All surveyed schemes, collectively representing £150 billion AUM, said they were targeting UN Sustainable Development Goals relating to climate action. According to recent study of 650 UK occupational pension funds by investment consultants Mercer, only 35% of schemes conduct a stewardship assessment of investment managers at least annually.

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Make Vote Reporting Template Mandatory, FCA Told

Chris Hall

“There’s been a lot of grumbling from investment managers about vote reporting requests from pension funds in particular,” he said. Samantha Chew, Stewardship Lead at Aegon UK, which is unable to consider divestment of its largely passively-managed portfolio, said poor transparency and timeliness of vote reporting were two longstanding barriers (..)

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Trustees to Engage with Future

Chris Hall

Stewardship is widely considered one of the most effective tools in an asset owner’s toolbox to ensure companies are prioritising ESG-related issues, such as mitigating the effects of climate change. . “ The DWP pointed to the IIGCC’s Net Zero Stewardship Toolkit as a useful resource.

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Responsible Stewardship: Quality, not Quantity

Chris Hall

While this tells the story of a dynamic and maturing market, professionals are finding it difficult to stay informed of developments. If divesting from harmful industries, communicate this publicly. The evidence here is clear: collaboration should play a central role in investors’ stewardship practices. No man is an island”.