FRC publishes guidance to support Stewardship Code reporting
News types: Guidance
Published: 30 October 2025
The FRC has today published its guidance to the UK Stewardship Code 2026.
The updated Code was published in June alongside draft guidance to support applicants’ reporting, which was included for the first time. Following a wide range of stakeholder feedback to the call for comments, the FRC has made amendments and now finalised the guidance. The FRC is grateful to all those who provided comments and engaged with us on this process.
The guidance is optional and not prescriptive. It offers suggestions for the types of information organisations may wish to include in their reporting to help explain their approach to stewardship. It reflects the flexible nature of the Code, which recognises that organisations differ in size, structure, and investment strategy, and therefore exercise stewardship in different ways.
The UK Stewardship Code 2026 establishes the principles of effective stewardship and sets a high standard of transparency for asset owners, asset managers and their service providers. Reporting under the Code enables organisations to demonstrate how their stewardship activities contribute to create long-term sustainable value for clients and beneficiaries.
Throughout 2026, the FRC will continue to engage with signatories to support their transition to reporting against the updated Code.
Please visit our website for further information on the Code, guidance and reporting during this transition year.