Our ESG pillars
Investing responsibly
Our market-leading risk management systems give us an advantage in the monitoring and management of ESG risks.
We invest in assets that:
- Match our liability cash flows
- Provide an appropriate risk-adjusted return
- Support our pathway to a more sustainable future
Securing positive outcomes
We always consider the impact that our decisions will have.
We are dedicated to delivering positive outcomes for our:
- Policyholders
- Suppliers
- Employees
- Community
- Investors
Running a responsible business
Our robust yet agile governance structure together with our controls and risk management frameworks enable us to:
- Navigate risk
- Create new ways to deliver security to our policyholder
For more information regarding each of the above pillars, please read our 2022 sustainability report.
Our Pathway to Net Zero strategy includes activity and commitments across our investment portfolio, our own operations and our people. It also identifies the external partners with whom we are working and our commitments to them.
Please see a summary below. Further details are included in our 2022 Climate Report
OUR PROGRESS AND COMMITMENTS
Our investment portfolio
Net zero by 2050
Rothesay is committed to transitioning our investment portfolio to net zero greenhouse gas emissions by 2050, aligned with a maximum temperature rise of 1.5°C above pre-industrial levels as outlined in the Paris Agreement.
Regular and transparent reporting
We will regularly report on our progress and publish the Carbon Intensity of our portfolio on an annual basis. We will always be clear on where our data is sourced and what parts of our portfolio it covers.
Investing in the low carbon economy
We will partner with governments, and industry, to identify ways in which we can increase our lending to sectors which support a low carbon economy.
Our interim targets
2025 targets
- 20% reduction in publicly traded corporate debt portfolio carbon intensity (revenue basis) by 2025 – with the baseline set in 2020.
- 20% reduction in total portfolio carbon intensity (revenue basis by 2025 – with baseline set in 2020
2030 target
- 50% reduction in publicly traded corporate debt portfolio carbon intensity (revenue basis) by 2030 – with the same 2020 baseline.
Our business
Carbon neutral
We are pleased to have received CarbonNeutral® company certification in accordance with The CarbonNeutral Protocol, the leading global framework for carbon neutrality.
100% renewable electricity
All electricity provided to our office comes from a supplier of 100% renewable electricity as certified by the Carbon Trust.
Our people
Leadership across our business
Our ESG Working Group has representation from all of our business units including Trading, Investing, Credit, Risk and Finance.
Helping our people reduce their carbon footprint
Rothesay has a number of employee benefits to encourage sustainable choices including cycle to work scheme and low cost, tax efficient leasing of electric vehicles.
Embedding climate responsibility in all our operations
We believe all our employees have a responsibility to support our path to net zero, so our annual performance review process includes criteria which reflects this.
Our partners
Rothesay supports the following organisations as part of our commitment to enable genuine progress in the journey to net zero.
Rothesay is a signatory to the UN Principles of Responsible Investing and a member of the UN-Convened Net-Zero Asset Owner Alliance.
Click here for details of the UN principles
Click here for details of the Net-Zero alliance
Rothesay is a signatory of the Financial Reporting Council’s UK Stewardship Code.
Rothesay is a supporter of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD) and endorses its recommendations.
Click here for TCFD's website
Rothesay is an early adopter of the Sustainability Reporting Standard for Social Housing.
Click here for details of this standard
Quick links to other ESG pages: