In this episode, we explore the transformative power of stewardship in the investment world. Moving beyond short-term gains, we focus on long-term value creation and tackling pressing issues like climate change. We’ll discuss the need for increased industry-wide stewardship resources and how investors can leverage active ownership to drive positive change.
Join us as we hear from Emmet McNamee, Head of Progression and Innovation at the Principles for Responsible Investment (PRI) discussing the growing importance of stewardship resources and Kim Farrant, General Manager, Responsible Investment at HESTA sharing their practical approach to active ownership.
Active ownership requires a really significant resourcing effort and it’s not just something that should sit within a responsible investment function. It needs to be connected with the broader organisation, and it needs to have resourcing allocation that is reflective of its importance. Which is, just as significant as capital allocation.
Kim Farrant, General Manager, Responsible Investment at HESTA
The number one thing an organisation can do is to be a lot clearer on what you are expecting to achieve. Stewardship efforts are really hamstrung by a lack of clarity on objectives. It’s not a one size fits all type of issue.
Emmet McNamee, Head of Progression and Innovation at PRI
Principles: The Cambridge Principles: System stewardship for universal owners
Tool: Untools: Iceberg model
Research paper: Putting resources where stewardship ambitions are
Framework: The Stewardship Resources Assessment Framework
Report: Global Stewardship Resourcing Survey Data Report
Press release: New research suggests that stewardship resources need to match investor ambitions
