UKGI is committed to good stewardship practices. We are pleased to have been reaffirmed as a signatory to the UK Stewardship Code for a fifth year in relation to our activities performing the shareholder role on behalf of nine government departments and 26 arm’s length bodies (“ALBs”) in 2024/25.
The UK Stewardship Code sets high stewardship standards for those investing money on behalf of UK savers and pensioners, and those that support them. Stewardship is 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.
As with previous years, we have concentrated our response on UKGI’s stewardship role as a service provider representing the government’s responsibilities across a portfolio of ALBs that we provided services for. Our response outlines our stewardship beliefs and approach, and how we strive to meet the needs of government departments and, ultimately, taxpayers and wider society.
Over the year, UKGI’s Corporate Governance and Portfolio Management Programme has continued to embed stewardship best practice across the government organisations with which we work. Our position as a centre of expertise in corporate finance and corporate governance means we seek continuous improvement in how we deliver this shareholder role, applying learnings across our portfolio. We provide case studies and examples throughout the report to demonstrate our stewardship role and activities under each of the six Principles of the Code.