Our second triennial stewardship survey finds that despite promising signs, investment managers still need to do more to keep pace with changing demands.

Our key findings and recommendations are:

• Greater transparency of stewardship policies and activities remains vital to allow investors to judge the actions of their investment managers and draw comparisons between them.
• The adoption of an industry ‘statement of voting principles’ would allow an effective basis of comparisons between managers.
• Managers need to improve disclosure on corporate engagement to allow investors to effectively scrutinise and understand activity.
• Managers need to be clear on the actions they will take in addressing climate risk.
• Carbon foot-printing is a broadly adopted tool yet managers should ensure that carbon metrics form part of their regular reporting package to clients