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7 September 2022
7 September 2022
Gresham House meets expected standard of reporting for 2021 and remains a signatory to the UK Stewardship Code
The Financial Reporting Council has announced that Gresham House Asset Management Ltd. has met the expected standard of reporting for 2021 and remains a signatory to the UK Stewardship Code (the Code).
The Code sets high standards of stewardship for those investing money on behalf of UK savers and pensioners and today’s announcement is confirmation of Gresham House’s robust and diligent approach to its active ownership responsibilities.
This is the second year that Gresham House Asset Management has been a signatory to the 2020 Stewardship Code, having first met the expected standard of reporting for the 2020 code in 2021.
What is the UK Stewardship Code?
The UK Stewardship Code sets high stewardship standards for those investing money on behalf of UK savers and pensioners, and those that support them.
Stewardship is defined as 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.
The Code applies to:
- Asset owners such as pension schemes, insurers, foundations, endowments, local government pension pools and sovereign wealth funds.
- Asset managers who manage assets on behalf of UK clients or invest in UK assets.
- Service providers such as investment consultants, proxy advisors, data and research providers that support asset owners and asset managers to exercise their stewardship responsibilities.
Since its introduction in 2010, the code aims to place a greater emphasis on disclosure, engagement transparency and case study reporting, and consists of 12 principles for asset managers.