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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

Manning said feedback on this subject would inform a planned review of the overall UK legal and regulatory framework relating to investment stewardship, due to be conducted later this year. The paper asked for feedback on “additional measures” to help FCA-regulated firms identify and respond to market-wide and systemic risks.

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Make Vote Reporting Template Mandatory, FCA Told

Chris Hall

Following this year’s proxy season, the UK Asset Owner Roundtable has invited asset managers to have a “constructive dialogue” with its members to improve alignment on climate-related engagements with investee firms.

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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. Trustees can then use this information to prioritise specific companies for engagement. . “We

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FCA Guidance Needed on ESG-based Exec Pay

Chris Hall

UKSIF has responded to the UK regulator’s discussion paper, asking for further clarity and innovation when linking sustainability goals to remuneration. It suggested embedding sustainability-related objectives into the annual appraisal processes for staff as an example.

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Overcoming the Challenges of Measuring Social Performance

Chris Hall

Scanning across to the Financial Reporting Council’s UK Stewardship Code, the 2020 Code represents a mature governance regime for UK-listed businesses. It has its origins in 1992’s Cadbury report and code, which covers the financial aspects of corporate governance.

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All About the Outcomes

Chris Hall

While one asset manager reported 5,312 engagement actions over 12 months, five others recorded 200 or fewer over the same period. It’s imperative that asset owners outline their stewardship expectations to asset managers from the outset, suggests Joe Dabrowski, Deputy Director at the Pensions and Lifetime Savings Association (PLSA).