🔎 Shaping the Future of Stewardship - responding to the UK Consultation The UK Stewardship Code is at the forefront of current discussions in the finance industry, such as in today’s UKSIF Ownership first conference of the day. The latest FRC consultation invited industry stakeholders to share their views on its definition, key principles, and how to reduce the reporting burden. At WeeFin, we closely help financial institutions navigate these challenges daily. Contributing to such consultations is at the core of our mission. In responding to this consultation, we focused on the importance of: ➡️ A refined definition of stewardship – ensuring it accommodates diverse actors while maintaining sustainability as its core foundation e.g. including the principle of double materiality. ➡️ Balanced reporting requirements – updating Policy & Context every three years while ensuring annual disclosure of Activities & Outcomes to build trust with investors and to emphasise on quantifiable and measurable metrics using ESG data management third-party solutions like WeeFin. ➡️ Clearer regulatory guidance – to build a constructive plan when reporting thanks to brief prompts, to distinguish significant vs. minor changes, and to cross-reference documents. The UK Stewardship Code must strike the right balance between reducing reporting burdens and maintaining robust, responsible investment practices. Our full response outlines how this can be achieved. 📢 Read our full take here: https://lnkd.in/eJb7SwDR We’d love to hear your thoughts – how do you see stewardship evolving in this ever-evolving landscape?
