{"id":17286,"date":"2019-10-24T16:00:16","date_gmt":"2019-10-24T20:00:16","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/new-u-k-stewardship-code-outlines-best-ways-fiduciaries-can-integrate-esg-137847"},"modified":"2019-10-24T16:00:16","modified_gmt":"2019-10-24T20:00:16","slug":"new-u-k-stewardship-code-outlines-best-ways-fiduciaries-can-integrate-esg","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2019\/10\/24\/new-u-k-stewardship-code-outlines-best-ways-fiduciaries-can-integrate-esg\/","title":{"rendered":"New U.K. Stewardship Code outlines best ways fiduciaries can integrate ESG"},"content":{"rendered":"\n
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Staff<\/span> | October 24, 2019 <\/p>\n

The guiding document outlining best practices for fiduciaries practicing corporate engagement is in for a major update.<\/p>\n

As of January 2020, the U.K. Stewardship Code will include new expectations on how those investing on behalf of savers and pensioners integrate the activities of investment and stewardship, including on environmental, social and governance issues.<\/p>\n

The code, as published by the Financial Reporting Council, defines stewardship as the responsible allocation, management and oversight of capital for the purpose of creating long-term value for beneficiaries, leading to sustainable benefits for the economy, the environment and society.<\/p>\n

Read: Global institutional investors increasingly shifting to ESG approach: survey<\/a><\/strong><\/p>\n

The update comes off the back of a consultation with dozens of stakeholders, including many prominent multinational asset management firms.<\/p>\n

\u201cSignatories should disclose the issues they have prioritized for assessing investments, prior to holding, monitoring through holding and exiting,\u201d the revised code said. \u201cThis should include the ESG issues of importance to them.\u201d <\/p>\n

In practice, the code\u2019s signatories  should explain how this process of integration differs depending on a given fund, asset class or geography in which they\u2019re investing. They should also delineate how they\u2019ve ensured \u201ctenders have included a requirement to integrate stewardship and investment, including material ESG issues; and the design and award of mandates include requirements to integrate stewardship and investment to align with the investment time horizons of clients and beneficiaries.\u201d<\/p>\n

Read: Should investors pay closer attention to the \u2018S\u2019 in ESG?<\/a><\/strong><\/p>\n

As an alternative, signatories could also explain the process they\u2019ve used to align the integration of stewardship efforts with the investment time horizons of their beneficiaries. As well, they should state how they\u2019ve ensured that service providers receive clear and actionable criteria in support of the stewardship and investment, including material ESG issues.<\/p>\n

Further, investors should be able to explain how those efforts have informed decisions around acquisitions, monitoring assets and exiting positions and how those choices have best served beneficiaries.<\/p>\n

Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Staff | October 24, 2019 The guiding document outlining best practices for fiduciaries practicing corporate engagement is in for a major update. As of January 2020, the U.K. Stewardship Code will include new expectations on how those...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17286"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=17286"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17286\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=17286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=17286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=17286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}