Signatories to the ACT disclosure framework grew by over 50% over the last year, with a further 10 firms joining in 2024.
The ACT Corporate Culture Standard is a framework for investment firms to understand and progress cultural change in a standardised way.
In 2024, the firms that signed up to the ACT List were: Evenlode, Findlay Park, First Sentier Investors, FSSA Investment Managers, Jupiter Asset Management, Morgan Stanley Investment Management, Nedgroup Investments, Ninety One, Premier Miton, and Stewart Investors.
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Signatories on The ACT List have committed to annually completing ACT reporting on the DOOR platform, which enables the framework to be used as a tool to assess progress on culture.
There will also be senior accountability among firms towards policy, action and practice that supports alignment of internal values and external commitments relating to inclusive culture.
Currently, 27 firms representing $6.6trn assets under management have signed up to the framework.
Following the growth in signatories, City Hive is targeting 50 signatories by the end of 2025.
Co-CEOs of City Hive, Bev Shah and Mandy Kirby, said: “The steep increase in ACT Signatory numbers shows firms recognise the value of transparency with their clients about their values and culture. Understanding and assessing the corporate culture of those managing your assets is essential for mitigating risk.”
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