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
Transition Planning = Strategy Planning
The past twelve months have highlighted how companies are not only increasingly experiencing the impacts of climate change but also how they are powerfully positioned to be agents of change, with the ability to curb these impacts and promote long-term sustainability and resilience for the global economy and for society. The need to decarbonise and to achieve net zero commitments is being driven by a range of economic, regulatory and market factors, all of which require companies to respond faster than ever before.
Transition Planning = Strategy Planning
The past twelve months have highlighted how companies are not only increasingly experiencing the impacts of climate change but also how they are powerfully positioned to be agents of change, with the ability to curb these impacts and promote long-term sustainability and resilience for the global economy and for society. The need to decarbonise and to achieve net zero commitments is being driven by a range of economic, regulatory and market factors, all of which require companies to respond faster than ever before.
Finance is critical to transition
Finance has a critical role to play in both enabling and accelerating the climate transition. That is why Chapter Zero has launched its UK Financial Services Community, says Chapter Zero Strategic Advisor, Mark Manning.
