In 2020, the Financial Reporting Council (FRC) set out an ambitious Stewardship Code with the aim of continuing as leaders in Stewardship. The new UK Stewardship Code 2020 sets high stewardship standards for those investing money on behalf of UK savers and pensioners, and those that support them.
Previously an asset manager could provide a public statement as to how they met the requirements of the previous (2012) Stewardship Code, however under the new code, the FRC now makes a detailed assessment of whether an asset manager qualifies as a signatory based on adherence to the 12 principles that underpin the code.
As a result of Martin Currie’s high-quality reporting of stewardship activities in our Stewardship Annual Report we have been successful in our application to be a signatory to the new UK Stewardship Code. Alongside our Stewardship Annual Report, we recently added our quarterly Stewardship Matters publication and launched our Stewardship Institute to focus on sharing Stewardship and ESG thought leadership.
David Sheasby, Head of Stewardship and ESG at Martin Currie, said
“We are delighted to hear that the hard work by our investment and client teams in sharing and reporting our extensive Stewardship and ESG activities has been recognised by the FRC. Martin Currie has been a leader in this space for many years, and we continue to invest significant resources in delivering above expectation reporting for our clients.”
Regulatory information and risk warnings
This information is issued and approved by Martin Currie Investment Management Limited (‘MCIM’), authorised and regulated by the Financial Conduct Authority. It does not constitute investment advice. Market and currency movements may cause the capital value of shares, and the income from them, to fall as well as rise and you may get back less than you invested.
The information contained in this document has been compiled with considerable care to ensure its accuracy. However, no representation or warranty, express or implied, is made to its accuracy or completeness. Martin Currie has procured any research or analysis contained in this document for its own use. It is provided to you only incidentally and any opinions expressed are subject to change without notice.
The document does not form the basis of, nor should it be relied upon in connection with, any subsequent contract or agreement. It does not constitute, and may not be used for the purpose of, an offer or invitation to subscribe for or otherwise acquire shares in any of the products mentioned.
The views expressed are opinions of the portfolio managers as of the date of this document and are subject to change based on market and other conditions and may differ from other portfolio managers or of the firm as a whole. These opinions are not intended to be a forecast of future events, research, a guarantee of future results or investment advice.
The analysis of Environmental, Social and Governance (ESG) factors forms an important part of the investment process and helps inform investment decisions. The strategies do not necessarily target particular sustainability outcomes.