The Code will operate on the 'apply or explain' basis and contains the following four principles:
- An institutional investor should incorporate ESG [environmental, social and governance] considerations into its investment analysis and activities as part of the delivery of superior risk-adjusted returns to the ultimate beneficiaries.
- An institutional investor should demonstrate its ownership approach in its investment arrangements and activities.
- Where appropriate, institutional investors should consider a collaborative approach to promote acceptance and implementation of the principles of this Code and other codes and standards applicable to institutional shareholders.
- Institutional investors should be transparent about their policies how the policies are implemented, and how the Code is applied to enable stakeholders to make informed assessments.
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