FRC lists successful signatories to UK Stewardship Code
News types: Generic Announcement
Published: 15 February 2023
The FRC has today announced an increase in the number of signatories to the UK Stewardship Code following the publication of its updated list.
The list now includes successful applicants who submitted their reports at the end of October 2022. The regulator received 105 applications, of which 88 were successful, taking the total number of signatories to 254, up from 235 in September last year. This includes 179 asset managers, 58 asset owners and 17 service providers. The additional signatories bring the total assets under management of the list to £46.4tn, up from £40.7tn.
The more diverse range of business models and investment styles among successful applicants is a positive indication of the broader adoption of responsible investment practices across the industry. There was also an encouraging level of re-applications from previously unsuccessful organisations which used the FRC’s feedback to improve how they reported the outcomes and impact they are delivering through effective stewardship.
The FRC noted better reporting in this application cycle, which included disclosure of stewardship activity spanning multiple years, and encourages all signatories to use their report as an opportunity to demonstrate their ongoing progress.
Mark Babington, Executive Director of Regulatory Standards, said:
“Congratulations to the successful signatories to the UK Stewardship Code. It’s great to see returning signatories to the Code provide updates on how they continue to deliver high-quality stewardship activity.
It is also pleasing to see previously unsuccessful applicants using the FRC’s feedback to improve their reporting and become signatories.”
The FRC will continue to place emphasis on reporting of activities and outcomes for our assessment of reports received in 2023. High-quality, informative case studies are expected from all signatories.
The FRC has extended the asset owners' deadline for submitting annual stewardship reports for the Spring window to 31 May 2023. The deadline will remain 30 April 2023 for asset managers and service providers. For the October 2023 deadline, the FRC will only accept renewal applications from existing signatories.
Successful signatories of the UK Stewardship Code from October 2022 applications:
(View the full list of signatories)
- Aikya Investment Management Limited
- Amundi Asset Management
- Arcmont Asset Management Limited
- Ashmore Group plc
- Avon Pension Fund
- Barclays Wealth and Investment
- Bedfordshire Pension Fund
- Border to Coast Pensions Partnership Limited
- Boussard & Gavaudan Investment Management LLP
- Brandywine Global Investment Management, LLC
- Brown Advisory
- BT Pension Scheme
- Buck Consultants (Administration & Investment) Limited
- Cambridge Associates Ltd
- CANDRIAM
- Capita Pensions Solutions Ltd
- CBRE Investment Management
- CCLA Investment Management
- Clwyd Pension Fund
- COMGEST GLOBAL INVESTORS
- Cornwall Pension Fund
- Cumbria Local Government Pension Scheme
- Darwin Alternative Investment Management (Guernsey) Limited
- Darwin Property Investment Management (Guernsey) Limited
- Devon County Council Pension Fund
- DHL Group Retirement Plan
- Dimensional Fund Advisors Ltd.
- Downing LLP
- East Sussex Pension Fund
- EdenTree Investment Management Limited
- Epoch Investment Partners
- Evelyn Partners
- Fisher Investments Europe Limited
- Fulcrum Asset Management LLP
- GuardCap Asset Management Limited
- Harding Loevner LP
- Hayfin Capital Management LLP
- Independent Franchise Partners, LLP
- Intermediate Capital Group PLC
- Isio Group Limited
- J Stern & Co.
- Jaguar Land Rover Pension Trustees Limited
- James Hambro & Partners
- Lane Clark & Peacock
- LaSalle Investment Management
- Lincolnshire County Council Pension Fund
- Local Pensions Partnership Investments
- London Borough of Lambeth Pension Fund
- Lothian Pension Fund
- Mercer Global Investments Europe Limited
- Mercer Limited
- Morgan Stanley Investment Management
- Nest Corporation
- Neuberger Berman Europe Limited
- NFU Mutual
- Ninety One
- Nomura Asset Management U.K. Limited
- Oldfield Partners LLP
- Panarchy Partners
- Pensions & Investment Research Consultants Limited (PIRC Limited)
- PGIM Fixed Income
- PIMCO Europe Ltd
- PineBridge Investments Europe Limited
- Polar Capital LLP
- Principal Asset Management
- Pyrford International Ltd
- Rathbones Group PLC
- Rothesay
- Royal London Mutual Insurance Society Limited
- Russell Investments
- Scottish Borders Council Pension Fund
- Scottish Widows Group Ltd
- SEI Investments (Europe) Ltd. (SIEL)
- Seven Investment Management
- Smart Pension Master Trust
- StepStone Group LP
- Tesco Pension Trustees Limited and Tesco Pension Investment Limited
- The Board of the Pension Protection Fund
- The Co-operative Pension Scheme (Pace)
- Troy Asset Management Limited
- TT International Asset Management Ltd
- UK Government Investments
- Unigestion (UK) Ltd
- Union Bancaire Privée, UBP S.A.
- Wales Pension Partnership
- Wesleyan Assurance Society
- Western Asset Management
- Westminster City Council Pension Fund