MEDIA: New investor Stewardship Code gears up to launch

Written by Will Mace for NBR

Investment managers and asset owners will soon be expected to adhere to a new stewardship code that aims to improve the level of engagement between investors and the companies they own, as well as promote greater transparency about that engagement.

Consultation on the final draft of the proposed New Zealand Stewardship Code ended on September 2, and it will be officially launched at the Responsible Investment Association of Australasia’s (RIAA) annual conference in Auckland on September 28.

It was recommended by the Aotearoa Circle partnership in late 2020, and subsequently championed by what is now known as Toitū Tahua: Centre For Sustainable Finance and the RIAA, and designed by an industry-led committee of investors, bankers, lawyers and consultants. 

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