Schroders back on Britain's asset manager best practice list

By Huw Jones and Carolyn Cohn

LONDON, March 10 (Reuters) - Schroders is back on Britain's code of best practice roll call for asset managers, the Financial Reporting Council (FRC) said on Thursday, after a surge of applicants underscored the intense competition to attract sustainability investments.

The volume of money going into products that tout their environment, social and governance ESG attractions has risen significantly, raising fears among regulators of greenwashing, or inflating ESG credentials to attract investment money.

Schroders and several other big names in asset management were absent from the FRC list last September when the watchdog for the first time published those allowed to be signatories to its new tougher code Link

The code sets out principles on transparency, engagement with companies and on disclosing which ESG issues asset managers prioritised in assessing investments.

The FRC said on Thursday that the number of signatories has risen to 199 in 2022 from 125 in 2021, after 74 out of 105 applications successfully demonstrated, backed by evidence, how they applied the code over the past 12 months.

The expanded list Link now covers 31 trillion pounds ($40.76 trillion) of assets under management, up from 21 trillion.

"We are pleased that many previously unsuccessful organisations have provided stronger and better tailored explanations on how they apply the Code," said Mark Babington, FRC executive director for regulatory standards.

Schroders said at the time it was frustrated not to be a signatory, with feedback from the FRC indicating this was down to format rather than substance.

"Schroders has been a long-term supporter of the FRC’s Stewardship code and we are pleased to be a signatory once again,” a spokesperson said.

Other blue-chip names absent last year included T. Rowe Price, Allianz Global Investors, Columbia Threadneedle, Northern Trust Asset Management, Morgan Stanley Investment Management and Pimco.

The FRC said T. Rowe Price, Morgan Stanley and Pimco also made it onto this year's list.

($1 = 0.7606 pounds)
Reporting by Huw Jones; editing by Jason Neely

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。


本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。