ShareAction, the responsible investment organisation, have welcomed today’s announcement of the FRC’s Stewardship Code tiering exercise.
“We welcome this valuable exercise by the FRC,” said ShareAction Chief Executive Catherine Howarth. “Tiering is a critical tool to hold fund managers to account on their stewardship activities. The Stewardship Code will only function effectively if the high standards expected of its signatories are monitored and enforced.
Tiering is a critical tool to hold fund managers to account on their stewardship activities.
“ShareAction’s annual stewardship and transparency rankings of fund managers and pension funds reveal that while some do serious work on stewardship, the industry as a whole is falling short of the standard needed to properly protect UK pension savers. Effective stewardship of companies by professional investors is essential when millions of us rely on long-term returns from private pensions for our income in retirement. Box ticking is not good enough.
“The FRC’s decision to remove underperforming signatories of the Code that do not demonstrate improvement within six months is a welcome move with real teeth, and one that we hope will spur action among the lowest ranked fund managers.”
Like our Facebook Page
Investing in a Sustainable Environmental Future for Northern Virginia
Prominent Trends in Seafood Sustainability in 2022
Can PEMF Help To Improve Plant Growth for Eco-Friendly Gardeners
How the U.S. Government is Promoting Green Energy in the Country
12 Essential Things for Buying Your First Home
Harnessing Sustainability with User-Centric Technology Innovation
Making Your Dream of Having an Eco-Friendly Garden Come True
Tips for Optimal Waste Management in Your Home
The Agricultural Benefits of Weather Stations for Eco-Friendly Farmers
What Makes Online Furniture Eco-Friendly?
7 Eco-Friendly Plant-Based Alternatives for Everyday Products
Top 5 Benefits of Eco-Friendly Cars
Why Eco-Friendly Homes Should Have Outdoor Bathrooms
Merits of Sustainability Reporting: What Every Manager Must Know
Low Emission and Clean Air Zones: What You Need To Know
4 Ways To Build A Sustainable Home
CEO Brian Ladin Explains How The Shipping Industry Is Going Green
A Guide to Eco-Friendly Landscaping
Why Transitioning Your Company to an EV Fleet Makes Sense?
6 Practices for Sustainable and Eco-Friendly Plant Operations
- Features11 months ago
Seven Health and Safety Tips for Eco-Friendly Products in a Green Home
- Energy11 months ago
Eco-Friendly Homeowners Lower Carbon Footprints through Greater Air Conditioner Efficiency
- Features11 months ago
Essential Guidelines for Eco-friendly Moving into new Home
- Features10 months ago
5 Compelling Reasons to Hire an Eco-Friendly Contractor