governance codes manifest say on pay survey

The following table contains links to the global corporate governance codes which are used as a basis for Manifest’s international research. Each country or market may also publish periodic monitoring reports.   Country Governance Code Link Australia Australian Corporate Governance Principles and Recommendations (3rd Edition, 2014) Austria Austrian Code of Corporate Governance (2015) Belgium Belgian Code on […]

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stewardship code, ESG, Sustainability

Global Stewardship Codes shown in the list below are the key international codes. Stewardship Codes are usually addressed at institutional investors and outline out good practice for engagement with investee companies. Stewardship Codes are generally voluntary and operate on a “comply or explain” or “if not, why not” basis. Stewardship Codes may have an element […]

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Understanding the impact of governance reference data on stewardship When it comes to reference data in the investment chain, global regulators have come to understand operational risk as a key contributor to systemic risk. Faulty reference data is considered to be one of the major contributors to operational risk in financial institutions and can cause […]

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responsible investment reporting

How should fund managers report to pension funds on their responsible investment (RI) activities? In an attempt to improve the quality of ESG and stewardship reporting, sixteen of UK’s largest pension funds, with a collective worth of £200bn, have published a report designed to increase accountability and transparency between asset managers and owners. The 2105 publication, Guide […]

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RI Reporting DB Guidance on ESG Stewardship

The UK’s Pensions Regulator, TPR, issued new investment guidance for defined benefit pension schemes at the end of March 2017. A number of changes have been made to the guidance based on stakeholder feedback. The TPR guidance now includes expanded duties on stewardship, sustainability, ESG and voting issues. The updated DB guidance follows the common principles […]

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TPR ESG

The Association of Member Nominated Trustees (AMNT) published the Red Line Voting Policy to help pension funds become more active, engaged and responsible investors. The Red Lines Voting Policy encompasses Environmental, Social and Governance (ESG) factors and includes 34 individual policy statements or ‘Red Lines’  (19 Governance, 10 Social and 5 Environmental). Guidance from the UK’s Pension Regulator (TPR) requires […]

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OECD Principles and Guidelines Responsible Business

The Organisation for Economic Co-operation and Development is responsible for the principles which set guidance for governments and global corporations. The G20/OECD Principles for Corporate Governance, usually referred to simply as “the OECD Guidelines” and the OECD Guidelines for Multinational Enterprises, also known as “Guidelines for MNEs”. The guidelines are comprehensive set of government-backed recommendations on […]

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The UK’s Pensions Regulator’s Code of Practice

  The UK’s Pensions Regulator’s code of practice for defined contribution (DC) pension schemes, (“DC Code”) which sets out the standards that pension trustees need to meet to comply with legislation, came into force come into force on 28 July 2016. In addition to the Code, The Pensions Regulator (TPR) introduced guidance on considering ESG […]

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LGPS ESG & Stewardship Framework Agreement

During 2017/2018 the UK’s Local Government Pension Scheme (LGPS) system will be transformed and have new requirements to address ESG and Stewardship activities. The new investment regulations empower LGPS administering authorities in making their investment decisions under a new prudential framework expecting them to be responsible, for instance, in setting their policy on asset allocation, risk […]

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KPMG survey climate change risks

The Transition Pathway Initiative is an asset owner-led initiative, supported by asset managers and owners with over £2 trillion assets under management. The initiative proposes an analytical framework for understanding how companies are preparing for the transition to a low-carbon economy. It: Evaluates and tracks the quality of companies’ management of their greenhouse gas emissions […]

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