Stewardship Code: A Contemporary Tool for Activism in the ESG World

The concept of stewardship has emerged in recent decades as a critical pillar for reshaping the relationship between investors, corporations, and society. More than simply maximizing returns, stewardship emphasizes a long-term responsibility to safeguard both financial and social value.

This article traces the origins of the stewardship idea, outlines its institutionalization in the global

Stewardship Code frameworks, and highlights its growing connection to the ESG movement. Dr. Benny Furst shows how these ideas have gradually spread worldwide, including the development of an international stewardship network that links regulators, institutional investors, and civil society actors.

Finally, the article reflects on the challenges and opportunities of embedding stewardship principles into the Israeli market. It raises important questions about how such frameworks can be adapted locally to promote sustainable governance and ensure that financial power is used responsibly.

To read the full article, visit our Hebrew main blog.