article thumbnail

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.

article thumbnail

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”.

Insiders

Sign Up for our Newsletter

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

article thumbnail

New Climate Rules and Guidance for UK Pensions

Chris Hall

Trustees should exert their influence over asset managers and investee companies to ensure they are “walking the walk” in terms of adapting their business models to net zero objectives, she said, including encouraging managers to sign up to the UK Stewardship Code.

article thumbnail

Take Five: US AGs Cast a Long Shadow

Chris Hall

The firm’s first transition plan eschews divestment, but neither is it putting all its eggs in one basket, emphasising policy-focused engagement , including encouraging governments to provide the framework and incentives to boost electrification, thereby reducing fossil fuel dependence.

article thumbnail

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 (..)

article thumbnail

Trustees to Engage with Future

Chris Hall

Trustees can consult the UK Stewardship Code to monitor investment managers’ stewardship progress, as well as the Pensions and Lifetime Savings Association’s (PLSA) Vote Reporting Template and the Association of Member Nominated Trustees’ (AMNT) Red Lines Voting Initiative , the DWP said. .

article thumbnail

Responsible Stewardship: Quality, not Quantity

Chris Hall

If divesting from harmful industries, communicate this publicly. The evidence here is clear: collaboration should play a central role in investors’ stewardship practices. Vote shares and engage with investees and screen holdings on transparent ESG criteria. Collaboration as an enabler.