Northlander Commodity Advisors LLP - UK Stewardship Code Disclosure
Under the Financial Conduct Authority’s (“FCA”) Conduct of Business Rules 2.2A.5R, Northlander is required to make a public disclosure on its website in relation to the nature of its commitment to the Financial Reporting Council’s (“FRC”) Stewardship Code (the “Code”), first published by the FRC in July 2010 and, the updated version of the Code, becoming effective in January 2020.
The 2020 Code consists of the 12 Principles for asset managers as set out below:
1.Signatories’ purpose, investment beliefs, strategy, and culture enable stewardship that creates long-term value for clients and beneficiaries leading to sustainable benefits for the economy, the environment and society.
2.Signatories’ governance, resources and incentives support stewardship.
3.Signatories manage conflicts of interest to put the best interests of clients and beneficiaries first.
4.Signatories identify and respond to market-wide and systemic risks to promote a well-functioning financial system.
5.Signatories review their policies, assure their processes and assess the effectiveness of their activities.
6.Signatories take account of client and beneficiary needs and communicate the activities and outcomes of their stewardship and investment to them.
7.Signatories systematically integrate stewardship and investment, including material environmental, social and governance issues, and climate change, to fulfil their responsibilities.
8.Signatories monitor and hold to account managers and/or service providers.
9.Signatories engage with issuers to maintain or enhance the value of assets.
10.Signatories, where necessary, participate in collaborative engagement to influence issuers.
11.Signatories, where necessary, escalate stewardship activities to influence issuers.
12.Signatories actively exercise their rights and responsibilities.
Northlander investment strategy invests in commodity derivatives and not listed equities. While the Firm supports the Codes objectives, its provisions are not relevant to the type of trading undertaken by the Firm.
If the Firm's investment strategy changes in such a manner that the provisions of the Code become relevant, the Firm will amend this disclosure accordingly.