---
title: "Stewardship Benchmarking Project"
ocid: "ocds-b5fd17-944c5fc4-dfc7-496c-af3a-1cd0e618729a"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-944c5fc4-dfc7-496c-af3a-1cd0e618729a"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-944c5fc4-dfc7-496c-af3a-1cd0e618729a.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-944c5fc4-dfc7-496c-af3a-1cd0e618729a.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "THE FINANCIAL REPORTING COUNCIL LIMITED"
published: "2021-03-18"
---

# Stewardship Benchmarking Project

Buyer: THE FINANCIAL REPORTING COUNCIL LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-944c5fc4-dfc7-496c-af3a-1cd0e618729a

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## Summary

The Financial Reporting Council Limited has recently concluded the award for the "Stewardship Benchmarking Project," a tender aimed at enhancing corporate governance and stewardship practices within the UK. This procurement, classified under research and development services, was published on 18 January 2021 and had a tender deadline of 15 February 2021. The project aims to understand current stewardship practices among asset managers and owners, reflecting a heightened focus on environmental, social, and governance (ESG) issues as outlined by the UK Stewardship Code that took effect in January 2020. The contract commenced on 15 March 2021 and is set to conclude by 31 August 2021, with an awarded value of £175,000 for the successful supplier, Minerva Analytics Ltd, located in Witham, Essex. 

This tender presents significant growth opportunities for businesses involved in research and consultancy services, particularly those focused on asset management, governance, and ESG practices. Small and medium-sized enterprises and voluntary, community, and social enterprises (VCSEs) would find themselves particularly well-suited to participate, given the nature of the project which emphasises innovative approaches to stewardship and the collection of relevant data. Companies that can demonstrate expertise in these areas will be well-positioned to compete for future opportunities, as the FRC may consider repeating the research within the next five years.

## Notice

THIS IS A CONTRACT AWARD NOTICE - THIS TENDER IS CLOSED The Financial Reporting Council sets the UK Corporate Governance and UK Stewardship Codes; sets UK standards for accounting and actuarial work; monitors and takes action to promote the quality of corporate reporting; and operates independent enforcement arrangements for accountants and actuaries. The UK Stewardship Code is a voluntary code for asset managers (investment managers), asset owners and service providers (such as proxy advisers, investment consultants and data providers). The Stewardship Code promotes the responsible allocation, management and oversight of capital to create long-term value for clients and beneficiaries leading to sustainable benefits for the economy, the environment and society. In October 2019 the FRC published the UK Stewardship Code 2020 (hereafter 'the Code'), a substantially updated version of the previous Stewardship Code, which was first published in 2010. The new Code took effect on 1 January 2020 and sets higher expectations for organisations to practice and demonstrate effective stewardship. It now contains twelve Principles for asset managers and asset owners and six for service providers. The Code has a greater emphasis on environmental, social and governance (ESG) issues and covers asset classes beyond UK listed equities. The FRC has also introduced a new reporting process to improve the quality of information disclosed about organisations' stewardship practice. From March 2021, organisations applying to become signatories to the Code will be required to submit an annual stewardship report to the FRC. In this report signatories will explain how they have applied the Code over a 12-month period, detailing their stewardship activities and the outcomes that resulted. The FRC will assess whether Reports have met the reporting expectations of the Code. Organisations meeting the requirements will then be accepted as Code signatories. The FRC will publish the first list of signatories in summer 2021. Purpose and Scope The purpose of this research project is: 1) to help the FRC better understand the current stewardship practices of asset managers and asset owners in areas covered by the Code 2) to gain insight into what early changes have taken place, or are underway, in response to the introduction of the Code The research will survey Asset Managers (AMs) and Asset Owners (AOs) to address five categories of topics: - A. Governance and organisation of stewardship at AMs and AOs B. Resourcing of stewardship C. Asset class and geographical coverage D. Changes in activities and process E. Stewardship data collection Additional information: Notes:- THIS IS A CONTRACT AWARD NOTICE - THIS TENDER IS CLOSED

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/e701d3c6-5857-4027-b45a-7ee76c8362ee |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (below threshold) |
| Tender suitability | SME, VCSE |
| Awardee scale | SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 18 Mar 2021 |
| Submission deadline | 15 Feb 2021 |
| Future notice date | Not specified |
| Award date | 13 Mar 2021 |
| Contract period | 15 Mar 2021 - 31 Aug 2021 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £55,000 |
| Lots value | Not specified |
| Awards value | £175,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | THE FINANCIAL REPORTING COUNCIL LIMITED |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC2Y 5AS |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Bassishaw |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | MINERVA ANALYTICS |

## CPV Codes

### Divisions

- 73 - Research and development services and related consultancy services

### Codes

- 73000000 - Research and development services and related consultancy services

## Release History

- 18 Mar 2021 at 16:15 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/e701d3c6-5857-4027-b45a-7ee76c8362ee
- 18 Jan 2021 at 14:52 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/569c28e7-35db-4f81-9fba-ffbff305dd9d

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/e701d3c6-5857-4027-b45a-7ee76c8362ee
  18th March 2021 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/569c28e7-35db-4f81-9fba-ffbff305dd9d
  18th January 2021 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/bff3c149-1004-4a57-ace3-853b03d93928
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/042c76f5-0c9e-44ba-a681-280cb82a54e4

## Notice URLs

- http://www.frc.org.uk

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-944c5fc4-dfc7-496c-af3a-1cd0e618729a. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-944c5fc4-dfc7-496c-af3a-1cd0e618729a.json.