About us

The Fair Reward Framework has been developed as a response to the long-standing debates around corporate pay, and what can be frequent tensions between companies, shareholders and wider stakeholders about who and what within a company contributes to creating value and how that is rewarded.

The Fair Reward Framework (FRF) was initially convened by the Church of England Pensions Board and Brunel Pension Partnership, in partnership with the High Pay Centre, which now acts as the FRF Secretariat. It has been developed with the input and support of a group of UK Asset Owners, which also includes Friends Provident Foundation, Local Pensions Partnership Investments, Nest, People’s Partnership, Railpen, and Scottish Widows. Together, this group of asset owners and civil society identified that there was a significant gap to address in being able to freely access clear, comparable data on how value creation is rewarded across different corporate stakeholders.

A pilot process that invites stakeholder feedback on an ongoing basis

In its pilot year, 2024, the Fair Reward Framework (FRF) assesses the pay governance processes and reward outcomes of the UK's FTSE 100 companies, based on research by the FRF Secretariat and data partner Minerva Analytics. All data included in the FRF assessments is based on information that is made available through company reporting and other public sources.

Stakeholders are invited to access the data and provide feedback on the FRF tool's usability, and in what ways or through expansion to what additional companies or markets its expansion could benefit your work:.

Company feedback on FRF assessments

All companies that are assesssed as part of the FRF are provided with the opportunity to feedback on their draft assessment ahead of its publication. As of the initial launch in September 2024, around half of the assessed companies have responded to this opportunity (reflected in metric A14). For those who have been unable to take up this opportunity in advance or who wish to add additional context in the form of a short narrative response for publication, please get in touch with the FRF Secretariat.

FRF governance

The Fair Reward Framework's pilot year has been supported by a group of UK asset owners who shaped its development during 2023 and 2024. These asset owners comprise an Advisory Group that has provided guidance to the FRF Secretariat on design and strategy. The FRF Secretariat is provided by the High Pay Centre, a UK-based civil society organisation, with additional inputs provided by data partner Minerva Analytics. All correspondence connected to the Fair Reward Framework should be addressed to the FRF Secretariat.

The FRF has ambitions to expand the universe of companies beyond the scope of the pilot-year. Please get in touch if you are interested in providing funding to this not-for-profit undertaking or if you have perspectives on how the indicators can be adjusted or further developed to the also address the reward policies and practices of companies in other markets.