Redington, an independent investment consultancy, has unveiled a platform designed to enable asset holders to take greater control of stewardship.
According to ESG Clarity, the platform is designed to enable asset holders to take control of their stewardship activities and to ‘hold their investment managers to account’.
The Enhanced Stewardship Platform (ESP) will focus on reporting, assessment and engagement as it plans to place the appraisal of stewardship in the hands of clients instead of investment managers.
The modular service will provide aggregated reporting of engagement and voting activity across all appointed fund managers, an assessment of quality and consistency of engagement and voting, and a measurement of how well manager activities align with client policies and priorities.
Redington head of stewardship and sustainable investment strategy Paul Lee said, “We are providing the tools not only to ensure clients keep up with regulatory standards but also to tailor reporting and analysis to what matters most to them, focussed on their most material holdings and the issues that they care about.
“Investment managers have tended to focus on the stories they most want to tell rather than on the investments and issues that matter most to clients. Our new ESP service aims to turn this on its head and allows clients to take ownership of their stewardship reporting and assessment, removing this dependence on their managers. Through these new insights, they can challenge managers more effectively and hold them more fully to account.”
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