The Financial Reporting Council (FRC) has launched a revised stewardship code – significantly raising its expectations on how money is invested. In particular, the new code aims to establish a clear benchmark for stewardship as the responsible allocation, management and oversight of capital to create long-term value for clients and beneficiaries...
The UK 's Financial Management Council ( plc ) will urge businesses to take environmental , social and governance ( ESG ) principles into account in their business operations and practices . When it unveiled its new Stewardship Code in 2020 , 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 .