Source: https://tendernation.io/opportunities/01a13c77-befe-7266-93da-c240706a1aab/stewardship-benchmarking-project awarded GB open procedure Suitable for SMEs # Stewardship Benchmarking Project [The Financial Reporting Council Limited](https://tendernation.io/buyers/the-financial-reporting-council-limited) Estimated value £46,000 to £55,000 Published 18 Jan 2021 Deadline Closed 15 Feb 2021 ## Who can bid - Buyer says suitable for SMEs The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid. - Buyer says suitable for VCSEs The buyer ticked “suitable for voluntary, community and social enterprises” on the notice. - Small contract value Valued under £135,018 including VAT, the lowest Procurement Act threshold for goods and services. - Open procedure Anyone can submit a full tender; there is no shortlisting stage. [More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses) ## About this tender THIS IS A CONTRACT AWARD NOTICE - THIS TENDER IS CLOSED The Financial Reporting Council sets the UK Corporate Governance and UK Stewardship Codes; sets UK standards for accounting and actuarial work; monitors and takes action to promote the quality of corporate reporting; and operates independent enforcement arrangements for accountants and actuaries. The UK Stewardship Code is a voluntary code for asset managers (investment managers), asset owners and service providers (such as proxy advisers, investment consultants and data providers). The Stewardship Code promotes 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. In October 2019 the FRC published the UK Stewardship Code 2020 (hereafter 'the Code'), a substantially updated version of the previous Stewardship Code, which was first published in 2010. The new Code took effect on 1 January 2020 and sets higher expectations for organisations to practice and demonstrate effective stewardship. It now contains twelve Principles for asset managers and asset owners and six for service providers. The Code has a greater emphasis on environmental, social and governance (ESG) issues and covers asset classes beyond UK listed equities. The FRC has also introduced a new reporting process to improve the quality of information disclosed about organisations' stewardship practice. From March 2021, organisations applying to become signatories to the Code will be required to submit an annual stewardship report to the FRC. In this report signatories will explain how they have applied the Code over a 12-month period, detailing their stewardship activities and the outcomes that resulted. The FRC will assess whether Reports have met the reporting expectations of the Code. Organisations meeting the requirements will then be accepted as Code signatories. The FRC will publish the first list of signatories in summer 2021. ### Purpose and Scope The purpose of this research project is: - to help the FRC better understand the current stewardship practices of asset managers and asset owners in areas covered by the Code - to gain insight into what early changes have taken place, or are underway, in response to the introduction of the Code The research will survey Asset Managers (AMs) and Asset Owners (AOs) to address five categories of topics: - - Governance and organisation of stewardship at AMs and AOs - Resourcing of stewardship - Asset class and geographical coverage - Changes in activities and process - Stewardship data collection ### Additional information: Notes:- THIS IS A CONTRACT AWARD NOTICE - THIS TENDER IS CLOSED Read full description ## CPV classification Research and development services and related consultancy services Source Contracts Finder (UK) [View official notice](https://www.contractsfinder.service.gov.uk/notice/944c5fc4-dfc7-496c-af3a-1cd0e618729a) Never miss a tender like this again Get AI summaries, deadline alerts and a bid pipeline for tenders matched to your business. 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