Why Policy Matters

Chris Hall

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.

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.

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UK Code Sparks Overhaul of Stewardship Governance

Chris Hall

Governance upgrade includes focus on internal conflict management to resolve differences between investment and stewardship teams. Both asset managers and owners told researchers they were experiencing regular disagreements between stewardship and portfolio management teams.

An Increasing Sense of Urgency

Chris Hall

In 2021 the FSA updated the Corporate Governance Code , asking listed companies – on a comply-or-explain basis – to address sustainability issues, including climate change and other global environmental priorities, “positively and proactively”. Is a voluntary code sufficient?

Responsible Stewardship: Quality, not Quantity

Chris Hall

The analogy to asset stewardship here is that while investors and companies serve self-interests, they are still responsible for a common good, both in terms of an effective and sustainable market. Responsible stewardship is about quality, not quantity.

New Climate Rules and Guidance for UK Pensions

Chris Hall

Government plans to ease access to illiquid assets, but expects more robust stewardship. According to recent study of 650 UK occupational pension funds by investment consultants Mercer, only 35% of schemes conduct a stewardship assessment of investment managers at least annually.

Trustees to Engage with Future

Chris Hall

UK pension schemes are subject to new stewardship rules that push ESG to the top of their agendas. . Nonetheless, trustees need to make sure [stewardship] is higher up their agenda and that requires some hard work, so we appreciate what the DWP is trying to do.” .

Bridging Asia’s ESG Information Gap

Chris Hall

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. .

Voting Policies Offering Asset Owners Closer Scrutiny

Chris Hall

However, the funds, data and analytics provider also found that asset managers are being increasingly transparent in advance of voting, through stewardship reports, more granular policy statements and more specific voting guidance.

Covid-19 Pay Restraint Bolstered by Investor Ownership, Gender Diversity

Chris Hall

Industry News ACTIVE ENGAGEMENT COVID DIVERSITY ESG GENDER GOVERNANCE KPIs REMUNERATION SOCIAL STEWARDSHIPAsset managers and pension funds can drive fairer executive remuneration through more active engagement, says report. .

Fidelity Stewardship Hub Responds to Transparency Drivers

Chris Hall

Partnership to provide greater visibility on stewardship decisions amid efforts to increase communication across value chain. billion AUM, has partnered with investor engagement fintech Tumelo, to launch a Stewardship Hub for pension funds, trustees and advisors.

This Week’s People Moves: Simpson Steps Down as CDP CEO

Chris Hall

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.

CDP 52

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.