Rothesay updates climate targets and ESG reporting
We have updated our climate targets and ESG reporting as we continue to make positive progress on our Pathway to Net Zero. For the first time, our annual Environmental, Social and Governance (ESG) reports comprise both a Sustainability Report and a Climate Report aligned with the Task Force on Climate-related Financial Disclosures.
Key milestones reported include:
- 13% overall reduction of Carbon Intensity (CI) in its total £47bn investment portfolio since 2020
- New commitment to a 50% reduction by 2030 in the CI of the corporate bond investment portfolio
- £13.8bn of sustainable investments across social housing, education, healthcare and sustainable transport assets, among others
- Acceptance as a signatory to the Financial Reporting Council’s UK Stewardship Code
- Maintained certified CarbonNeutral® status for own operations
- £5.6m pledged to charitable causes, including through the Rothesay Foundation’s partnerships with Iceland Foods and Age UK, helping some of the country’s most vulnerable older people
- 91% of employees said they were proud to work for Rothesay