UK asset managers face tougher checks on investment policy, green credentials

By Huw Jones

LONDON (Reuters) – Asset managers in Britain face tougher checks on how they hold companies and other assets they invest in to account, and must for the first time consider environmental, social and governance factors like climate change.

The Financial Reporting Council (FRC) published what it called a fundamentally strengthened Stewardship Code on Thursday which reflects greater demand from investors to invest in more “sustainable” assets that don’t harm the environment.

The existing, nine-year old code simply asks funds to outline their investment policies.

The revised code requires…
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