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A stewardship code for the EU?

Environmental Finance

Regulation will boost fund naming consistency and disclosures but more work is needed to ensure EU rules impact the real economy, speakers told a webinar hosted by Environmental Finance. Michael Hurley reports

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Stewardship and Governance “Two Sides of the Same Coin” – FRC

Chris Hall

UK r egulator aims to address gaps in collaborative engagement in upcoming review of the Stewardship Code. We must avoid well-intentioned but meaningless disclosure and focus on what’s important.

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A Step Forward for Stewardship

Chris Hall

“Asset owners in Germany and Belgium were basically following the asset managers’ lead on stewardship, as there is not much pressure applied on them to exert influence,” he said. “It The code is voluntary, but many institutional investors have signed up to it as a way of demonstrating their commitment to responsible investment.

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Will Fiduciary Fog Clear for Trustees?

Chris Hall

I assume that the aim of the latest review is to examine ongoing issues around fiduciary duty, especially in the context of the revised UK Stewardship Code 2020, to see what obstacles (real or perceived) remain.” The paper notes that the UK Stewardship Code is “guidance and not a legal obligation”.

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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.

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Seven Ways to Spot Greenwashing

Chris Hall

Has your asset manager published a UK Stewardship Code statement? If your asset manager is a signatory to the UK Stewardship Code, then this insight is more likely to be central to their investment approach. The UK Stewardship Code sets high stewardship standards for asset managers.

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Stewardship Nears Breaking Point

Chris Hall

A recent Financial Conduct Authority (FCA) discussion paper asked for feedback on possible regulatory change needed to support collaborative engagement and systemic stewardship, while the Financial Reporting Council is due to lead a review of its Stewardship Code. Also speaking at the Stewardship Summit, Mark Manning , Strategic Policy Advisor on (..)