Chris Hall

JUNE 21, 2023

In the final quarter of 2023, the FRC – working with the FCA, Department for Work and Pensions (DWP) and The Pensions Regulator – will review the regulatory framework for effective stewardship, including the operation of the Stewardship Code.

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Chris Hall

APRIL 14, 2022

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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Chris Hall

MARCH 29, 2023

AIST also said if APRA is encouraging disclosure of stewardship activity, it should provide guidance on the appropriate level of disclosure, noting, “better practice is likely to involve disclosure in line with an existing stewardship code”.

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Chris Hall

JANUARY 31, 2023

A 2019 study of the stewardship activities of the big three index fund managers – BlackRock, Vanguard and State Street – found that there was no engagement with 90% of investee companies over three years, with a further 5% of firms experiencing a single engagement.

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Chris Hall

SEPTEMBER 15, 2023

Almost certainly, few of the dozens of offered examples met Edmans’ criteria, but at least the exercise provided a snapshot of where managers think they are making a difference, and is quicker than reading their Stewardship Code reports. The post Take Five: Think Big appeared first on ESG Investor.

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Chris Hall

MAY 17, 2023

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 (..)

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Chris Hall

JULY 7, 2022

The introduction of a toughened code has led to improved governance and resourcing of stewardship by UK-based asset managers and owners, but investment in the area faces ongoing challenges, including tensions with other staff. .

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Chris Hall

MARCH 10, 2022

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.

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Chris Hall

MARCH 30, 2023

Definition and evaluation The strategy confirmed that the Financial Reporting Council (FRC) , alongside the DWP, Financial Conduct Authority (FCA) and The Pensions Regulator (TPR), will be reviewing the UK’s whole regulatory framework for effective stewardship in Q4, including the operation of the Stewardship Code. As well as considering whether (..)

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Chris Hall

MARCH 13, 2023

ShareAction called on regulators to develop and enforce mandatory stewardship rules for asset managers and owners, noting the positive contribution to performance and disclosure made by the UK Stewardship Code 2020 and Europe’s Sustainable Finance Disclosure Regulation.

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Chris Hall

MARCH 24, 2023

It instead noted that policies should “consistently promote the appropriate use of stewardship by investors as part and parcel of discharging their duties”.

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Chris Hall

MAY 26, 2023

For certain, the exercise adds to the workload of the Financial Reporting Council, which is also undertaking reviews of both the UK Stewardship Code and UK Corporate Governance Code. The post Take Five: US AGs Cast a Long Shadow appeared first on ESG Investor.

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Chris Hall

APRIL 20, 2022

The authors suggested that this could be due to the fact pension funds collectively hold a smaller proportion of total institutional shareholdings in individual firms, so their influence over corporate governance is therefore more limited. .

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Chris Hall

DECEMBER 2, 2022

For sustainable investment professionals, reporting against the Sustainable Finance Disclosure Regulation (SFDR) or the Task Force on Climate-related Financia Disclosures, stewardship code disclosures, and standardised, comparable corporate reporting are now part of the day job. Policy takers and policy shapers.

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Chris Hall

JULY 4, 2023

To incentivise this and ensure harmonisation in reporting, uptake and provision of information by asset managers in the public register should be linked to other relevant regulatory expectations and industry initiatives, such as the UK Stewardship Code and the Institutional Investors Group on Climate Change Asset Owner Stewardship Questionnaire, she (..)

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Chris Hall

APRIL 18, 2023

The new guide highlighted that participation in collaborative stewardship initiatives increased from 68% in 2017 to 83% in 2020, with asset owners “particularly driving the change”.

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Chris Hall

JULY 6, 2022

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. .

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Chris Hall

APRIL 20, 2022

As well as Statements of Investment Principles or Implementation Statements required by the UK’s Pensions Regulator, which require reporting on fund managers’ stewardship activities, trustees must ensure their funds are managed and report in line with the recommendations of the Task Force on Climate-Related Disclosures.

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Chris Hall

MAY 12, 2023

It suggested embedding sustainability-related objectives into the annual appraisal processes for staff as an example.

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Chris Hall

OCTOBER 1, 2022

In 2020, the FSA tightened the Stewardship Code to redefine responsibilities and explicitly instruct institutional investors “to consider sustainability (medium- to long-term sustainability including ESG factors) according to their investment management strategies in the course of their constructive engagement with investee companies”.

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Chris Hall

JUNE 21, 2022

The consultation response was coupled with stewardship guidance to help trustees to more aggressively challenge asset managers on their voting. Our stewardship guidance also clarifies our expectations on stewardship, and highlights where disclosures can align with reporting to the UK Stewardship Code,” the DWP statement said.

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Chris Hall

MAY 6, 2022

It is a Tier 1 signatory to the UK’s Stewardship Code, a signatory of the Climate Action 100+ and a member of the LAPFF. The LPFA is a defined-benefit LGPS with over 93,000 members, 124 active employers and £6.9 billion of assets, as of 31 March 2021.

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Chris Hall

OCTOBER 7, 2022

The Financial Reporting Council (FRC) noted in a review of UK stewardship code signatories’ reporting that some relied heavily on examples of meetings with companies as part of general information-gathering and monitoring, rather than involving targeted engagement on specific issues.

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Chris Hall

JULY 18, 2022

In terms of drivers of geographic distinctions, he cited the recently strengthened UK Stewardship Code as one reason why European firms generally outperformed their US counterparts on clarity of voting policy.

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Chris Hall

APRIL 29, 2022

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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Chris Hall

AUGUST 10, 2022

Some Asian economies have established greater consistency and transparency, such as through introducing TCFD-aligned (Taskforce on Climate-related Financial Disclosure) regulations in Singapore, Hong Kong and Malaysia, or sustainability reporting and stewardship codes in Taiwan and Japan. .

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Chris Hall

JULY 5, 2023

The country is also upping its game on stewardship, with New Zealand’s inaugural Stewardship Code launching last year with 17 signatories, says Simon O’Connor outgoing CEO of RIAA. “The Code was developed collaboratively by the industry and responds to our unique context in New Zealand,” he says.

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