ICGN 2022 Global Stewardship Disclosure Awardees

The ICGN Global Stewardship Disclosure Awards recognise excellence and innovation in investor stewardship and related public disclosures. The Awards were announced at the ICGN Proxy Round-Up in London, attended by governance and stewardship professionals from around the world, on 16th November 2022.

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Asset Owners> £60bn AuM

USS was selected as the winner of the ICGN Award for the Global Stewardship Disclosure Award for Asset Owners over £60 billion.

The Judging Panel indicated that USS had an impressive and straightforward approach to its stewardship disclosure. USS offered reports on risk disclosures for responsible investment, with good case studies, and provided a TCFD report. It had accessible voting records which could be reviewed easily. In all, the site was easy to navigate and updated regularly.

David Russell accepted the Award on behalf of USS.

USS provided the following statement in response to receiving the Award: “Last week, USS was delighted to be awarded the ICGN’s Global Stewardship Disclosure Award 2022, for asset owners with over £60bn AUM. This award has been the culmination of a year of hard work, as we grappled with producing two disclosures: our Stewardship Code and TCFD Reports. Teams across the organisation worked to set up systems for gathering carbon data, produced scenario analysis, drafted case studies and kept our member-facing web content up to date and relevant. We are committed to producing transparent and meaningful disclosure of our stewardship, engagement and Net Zero progress, and this award is a welcome, tangible recognition of that commitment.”

Asset Owners< £60bn AuM

Brunel Pension Partnership was selected as the winner of the ICGN Award for the Global Stewardship Disclosure Award for Asset Owners under £60 billion.

Brunel was selected for several reasons including the disclosure of their own gender pay gap analysis for transparency purposes, which was impressive. The Panel could tell that Brunel had integrated the assessment of global risks into its investment strategy and it was clear throughout their reports. The Panel liked that Brunel stated their values and commitment to partnerships as a part of its culture, which showed strongly in their disclosure.

Helen Price accepted the Award on behalf of Brunel Pension Partnership.

On acceptance of the Award, Brunel Pension Partnership offered the following statement: ‘As a responsible asset owner, we believe it is not only important to achieve high levels of stewardship and corporate governance, but to walk the talk and be transparent. A lot of hard work goes into our publications, and we are delighted to be recognised for those efforts. There is no higher recognition in this area than an ICGN award, as the organisation has been setting industry standards in this area since 1995. We hope this welcome recognition from such a respected standard-setter means other asset owners are encouraged to target transparency and high levels of risk management in their own approaches to long-term investing.’

Asset Managers> £60bn AuM

PGGM was selected as the winner of the ICGN Award for the Global Stewardship Disclosure Award for Asset Managers over £60 billion.

The Judging Panel indicated that their website was impressive as it covered their clear focus on stewardship, disclosure and was easy to navigate. There was very good disclosure on their voting data and the rationale behind the votes.

Emma van Staveren accepted the Award on behalf of PGGM.

Regarding the Award, Emma said “We are honoured to receive the 2022 ICGN Global Stewardship Disclosure award. Disclosures are crucial in communicating the value and importance of promoting good governance practices and can serve as catalysts for change. By setting high standards for our own disclosures, we hope to inspire other asset managers to join us in continuing to drive transparency and dialogue on both achievements and challenges in our work of raising governance and stewardship standards around the world.”

Asset Managers< £60bn AuM

Coronation Fund Managers was selected as the winner for the ICGN Award for the Global Stewardship Disclosure Award for Asset Managers under £60 billion.

Coronation Fund Managers was selected due to the clear layout of their stewardship approach and principles, particularly their engagement and voting. The panel felt that their disclosure of what hadn’t worked as well as anticipated during their engagements was rare and set them apart. Coronation Fund Managers provided equity and fixed income information and provided a global perspective to their disclosures.

Bryan Melville accepted the Award on behalf of Coronation Fund Managers.

Kirshni Totaram, Global Head of Institutional Business, said of the Award, “We are honoured to have received the ICGN’s Global Stewardship Disclosure Award for our stewardship policies and reporting. At Coronation, stewardship forms an integral part of our investment approach and value proposition to clients. As a fiduciary, entrusted with our clients’ capital, we remain committed and inspired to continually build on our ongoing efforts in this area – all of which are in the pursuit of long-term value creation for our clients. We thank the ICGN for this meaningful recognition and for creating awareness of the importance of stewardship in the investment industry.”