MSCI upgrades Rothesay’s ESG rating to AAA
Rothesay’s MSCI Environmental, Social and Governance (ESG) rating was recently upgraded to AAA, the highest possible rating.
Our upgrade to AAA (from AA) demonstrates our very strong management measures relative to our aggregate ESG risks and opportunities, in comparison to global industry peers. Our latest assessment noted that Rothesay has responsible investment practices that lead most of our peers, with dedicated staff to engage with firms in our investment portfolio on sustainability issues. It also ranked Rothesay ‘best-in-class’ in business ethics practices, in particular noting our Board-level oversight of ethics standards and auditing of our anti-bribery framework.
Other factors which contributed to the upgrade included Rothesay’s data security training for all employees including contractors, data breach mitigation and incident response plan, our lower than industry average staff turnover as well as our corporate governance structure.
In addition, the Financial Reporting Council (FRC) has confirmed that Rothesay continues to meet the expected standard of reporting and has maintained Rothesay’s signatory status to its UK Stewardship Code (‘the Code’).
Rothesay became a signatory to the Code which sets high standards for those investing money on behalf of UK savers and pensioners in 2023. To become a signatory, organisations have to demonstrate stewardship over the previous year through the responsible allocation, management and oversight of capital which creates long-term value for beneficiaries and leads to sustainable benefits for the economy, the environment and society.