UKGI Stewardship Code Report 

UKGI is committed to good stewardship practices and the Financial Reporting Council’s revised 2020 UK Stewardship Code. UKGI is reaffirmed as a signatory to the UK Stewardship Code for a third year; our report provides an update on our stewardship activities during 2022/23 and outlines our stewardship priorities going forward.

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 24 arm’s length bodies that we provide services for and nine government departments. 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 our evolving Portfolio of Assets. Our position as a centre of excellence 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.