The UK's Stewardship Code (FRC) will urge businesses to take environmental, social and governance (ESG) factors into account in their business operations and investments. When it publishes its new Financial Reporting Council in January, signatories will also be expected to demonstrate how stewardship has been applied across all asset classes, not simply domestic listed equities. They will also be expected to work with regulators and authorities to identify and respond to the risk of market and systemic failure.
The UK's Financial Reporting Council (FRC) will urge businesses to take environmental, social and governance (ESG) factors into account in their business operations and investments. When it publishes its new Stewardship Code in January, signatories will also be expected to demonstrate how stewardship has been applied across all asset classes, not simply domestic listed equities. They will also be expected to work with regulators and authorities to identify and respond to the risk of market and systemic failure.