abrdn’s adherence to Financial Reporting Council’s stewardship code approved31 August 2023
We are pleased to announce that our stewardship reporting has been approved in line with the Financial Reporting Council’s 12 principles, allowing us to continue as a signatory to the revised UK Stewardship Code for the third year running.
The UK Stewardship Code is devised by the FRC and consists of the 12 principles which apply to asset managers and owners. Read more about the 12 principles here.
The Code provides a critical benchmark in reporting stewardship activities, enabling companies to set and meet high standards as stewards of client capital.
Our Head of Active Ownership, Andy Mason, said: “This is a great achievement for abrdn and our investment teams. We strongly believe in the importance of the FRC’s principles and their role in our sector.
“It is mutually beneficial to foster investor and company relationships based on accountability, engagement and trust, in order to work together to drive positive influence where and when appropriate. In the long-term, this will enhance the value of our clients’ investments and protect their interests where necessary. The principles set out in the UK Stewardship Code are critical in helping us to achieve both our clients’ and our own goals.”
You can read more about our stewardship activities in our 2023 Stewardship Report.