Revisions to UK Stewardship Code
The Financial Reporting Council (FRC) has launched a public consultation on the revisions to the UK Stewardship Code (‘Code’). The consultation period is from 11 November 2024 to 19 February 2025.
Key changes to the Code include:
- Amendments to the definition of stewardship.
- Revised reporting process, including less frequent reporting of policies.
- Code’s Principles are streamlined with more concise reporting prompts.
- Service Providers Principles are tailored to be applied by proxy advisors and investment consultants.
- An issuing guidance to support the Code’s signatories in implementing the Code.
- Introduction of the ‘Policy and Context Disclosure’.
- Permission for Code’s signatories to cross-reference to other disclosures.
Read more about the revisions to the Code and consultation details here
Stewardship Code ConsultationRelated Content
Watch: Sustainability Reporting- A perspective from the FCA
Watch this webinar from Chapter Zero and the Deloitte Academy, where we provided an update on sustainability reporting in the UK in March 2025, and the Director of Sustainable Finance at the Financial Conduct Authority shared a perspective on the key focus areas for boards in 2025.
Leveraging regulation (part 2): The pathway to resilience and growth
By steering their organisations beyond compliance, NEDs can help harness sustainability reporting as a lever for resilience, innovation, and long-term leadership. Part 2 of this two-part insights piece, from Chapter Zero Fellow David Carlin, explores three key ways that boards can leverage their approach to regulatory changes to gain competitive advantage.
Read: 2025 Sustainability Regulation Outlook
Read this summary from the Chapter Zero and Deloitte Academy webinar, where we explored the Deloitte Academy’s third annual flagship report, focusing on the topics that are considered most critical through the lens of their potential to affect business strategies, operating or financial models for 2025.
