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The Spirit of Partnership

Chris Hall

Examples include the weakening support from asset managers for ESG-related resolutions in recent proxy voting seasons, and the withdrawal of large US asset managers from Climate Action 100+ and the Net Zero Asset Managers initiative. Dynamic situation The timing of the release of the climate stewardship principles is illuminating.

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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. These are both critical elements in investors’ stewardship toolkits.

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New Climate Rules and Guidance for UK Pensions

Chris Hall

“These new requirements are part of a bigger push right across the economy for new standards on environmental reporting to weed out greenwashing and support our transition to a net zero financial system – for example, through our new Sustainability Disclosure Requirements ,” she said.

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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.

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Phoenix Champions Human Rights Stewardship

Chris Hall

Asset owner makes progress on climate and asset manager information-sharing in first year as Stewardship Code signatory. Last year, Phoenix also became a signatory of the Financial Reporting Council’s UK Stewardship Code. It intends to support constructive dialogue,” she said.

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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. . “ If schemes hold assets directly, trustees must set out their stewardship policy on engaging with issuers in their SIPs.

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Stewardship Dialogue Must be Ongoing – FCA

Chris Hall

DP23/1, released in February, focused on the capabilities needed by FCA-regulated firms to support both economy-wide transition to net zero and sustainable business models more broadly. We want to continue to engage actively on these topics.”