The UK Stewardship Code 2020 - Financial Reporting Council

The UK Stewardship Code 2020 is a world leading, substantial and ambitious revision to the 2012 edition of the Code, which took effect from 1 January 2020.

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The UK Stewardship Code 2020 (‘the Code’) sets high expectations for how investors, and those that support them, invest and manage money on behalf of UK savers and pensioners, and how this leads to sustainable benefits for the economy, the environment and society. It is a set of 12 Principles for asset owners and asset managers, and a separate set of six Principles for service providers – investment consultants, proxy advisors, data providers and others.

The new Code took effect on 1 January 2020.To become a signatory to the Code, organisations will need to prepare an annual Stewardship Report, a brand-new requirement that will enhance transparency of stewardship activities and outcomes.

This early reporting review seeks to help prospective signatories in their planning by reiterating the expectations for high quality disclosure published in the Code, expanding on what the FRC expects to see from reports and highlighting good examples where they have found them.

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