Border to Coast becomes signatory to UK Stewardship Code
Posted on March 10th, 2022
Border to Coast Pensions Partnership (“Border to Coast”) has been accepted as a signatory to the UK Stewardship Code, demonstrating its commitment to effective stewardship on behalf of its 11 local government Partner Funds.
As a signatory, Border to Coast is one of 199 asset owners and asset managers representing more than £33trn in global assets that have met the high stewardship standards required by the Financial Reporting Council (FRC). The Code recognises signatories that can effectively report their approach to the responsible allocation, management, and oversight of capital, demonstrating how they create long-term value and lead to sustainable benefits for the economy, environment, and society.
The Code comprises a set of principles for asset managers, owners, and service providers, allowing organisations to meet expectations while aligning it with their own business and strategies.
“As long-term investors, representing our 11 Partner Funds, we believe in active stewardship. We believe that businesses that are governed well, and run in a sustainable way, are more resilient and able to survive shocks and have the potential to provide better financial returns for investors. We’re delighted our work in this area has been recognised by the Financial Reporting Council and we’ve been accepted as a signatory to the Stewardship Code.”
For more information on the FRC and its Code, click here.
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