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UN-backed body raises heat on fund manager ethics

Call to name and shame managers who sign the UK’s Stewardship Code but do not follow it

UN-backed body raises heat on fund manager ethics
Photo: Getty Images

Institutional investors in the UK should be named and shamed if they do not live up to a voluntary code on responsible investing, a report backed by the United Nations has said.

The UN's Principles for Responsible Investment network, comprising investors with $59 trillion in assets worldwide, has questioned the commitment of those who have signed up to the UK's Stewardship Code.

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