Rothesay commits to net zero by 2050
Rothesay has become a member of the UN-convened Net-Zero Asset Owner Alliance (“the Alliance”)
The Alliance commits members to transitioning their investment portfolios to net zero greenhouse gas emissions by 2050, aligned with a maximum temperature rise of 1.5 degrees above pre-industrial levels as outlined in the Paris Agreement.
Members also agree to regularly report on their progress to net zero by adopting interim targets every five years. Rothesay will publish its five year reduction target later this year in its first Environmental, Social and Governance report alongside its wider climate change strategy.
Speaking about the Alliance, Addy Loudiadis, CEO of Rothesay said: “It is vital that the insurance industry works together to deliver a clear pathway to net zero and that we champion the regular reporting needed to keep our efforts on track. We are pleased to join the Net-Zero Alliance and support its work which we see as a fundamental part of our commitment to providing our policyholders with security for the future.”
Further details of the Alliance can be found here: