Environmental, social and governance investment (ESG) has taken a kicking. It’s also become an important part of the wider conversation about UK financial market reforms and competitiveness.
London has a reputation for leadership in corporate governance, with the UK corporate governance code considered the “gold standard” of market practice. The Financial Reporting Council, through its recent revision to the code, acknowledges the importance of balancing these high standards with the need to ensure that businesses are managed effectively.
More broadly, questions have arisen about the unintended consequences of the stewardship regime. Could the UK’s approach in fact be hurting UK investors’ access to world-class companies? Could it be making life harder for businesses looking to secure the capital they need?
A 2022 survey of FTSE
