30 August 2023
Continued Code Signatory status represents a great achievement for the Fund. Stewardship is dynamic and the FRC acknowledged the improvements made to our report this year. There were also areas identified for further development, which we have already been working on.
Please see UK Stewardship Code | Financial Reporting Council (frc.org.uk) for more information on the Code, Wiltshire Pension Fund's signatory listing and details of other Asset owner, Asset manager and Service provider signatories.
What is Stewardship?
Stewardship is defined by the PRI (UN supported Principles for Responsible Investment) as "The use of influence by institutional investors to maximise overall long-term value including the value of common economic, social and environmental assets, on which returns and clients' and beneficiaries' interests depend". The Stewardship Code 2020 defines it as "the responsible allocation, management and oversight of capital to create long-term value for clients and beneficiaries leading to sustainable benefits for the economy, the environment and society".