City Hive urges data platforms and providers to incorporate ACT signatory status

'Key' indicator for fund selectors

City Hive’s ACT Stewardship Council has urged data platforms to include ACT Signatory status in firm- and fund-level data, calling it a key tool for fund selectors to assess culture and behaviours.

The ACT Stewardship Council, a cross-industry body of fund selectors and investors acting on behalf of $2trn in clients' assets, has issued a letter to data platforms and providers to publish an investment house's signatory status and the year the firm became a signatory. The think-tank and advocacy group said these are both "key" indicators for analysts assessing its commitment to workplace culture and transparency. City Hive's Bev Shah: What firms are telling us about values and commitments ACT signatories pledge to disclose in a standardised way, offering a "high degree of openn...