Stewardship Regulators Group

Published: 25 September 2023

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The Stewardship Regulators Group (SRG) brings together regulators and government departments with a responsibility for or interest in stewardship policy and regulation. The FRC chairs this group.

The purpose of the SRG is to cooperate on the development and review of stewardship-related policy and regulation to support a regulatory framework for effective stewardship. The group is not a decision-making body.

The group defines stewardship as set out in the UK Stewardship Code 2020:

“Stewardship is the responsible allocation, management and oversight of capital to create long-term value for clients and beneficiaries leading to sustainable benefits for the economy, the environment and society.”

Membership

Membership includes representatives from:

  • Department for Business and Trade
  • Department for Work and Pensions
  • HM Treasury
  • Financial Reporting Council (Secretariat)
  • Financial Conduct Authority
  • Local Government Association
  • The Pensions Regulator
  • Prudential Regulation Authority

SRG’s Objectives

  1. Enhance and promote stewardship of climate change
  2. Enhance and promote stewardship of corporate governance and social issues
  3. Identify opportunities for alignment of stewardship reporting requirements
  4. Input into the initiatives resulting from the Asset Management Taskforce recommendations
  5. Monitor progress of Taskforce on Pension Scheme Voting Implementation (TPVSI) recommendations
  6. Monitor industry progress on government expectations for stewardship, as set out in Greening Finance: A Roadmap to Sustainable Investing

Recent developments

Guest speakers

The SRG aims to remain informed of the latest developments in stewardship across industry and academia. Throughout 2022, the SRG invited guest speakers including leading academics and industry bodies involved in stewardship to present on research, workstreams and/or publications relevant to the groups objectives and workplan.

If you or your organisation would be interested to present to the SRG please email [email protected].

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