Rothesay commits to 20% reduction in carbon intensity of investment portfolio by 2025

Written by Adam Cadle

21/07/2021

Rothesay has launched its Pathway to Net Zero plan with commitment to a 20% reduction in the carbon intensity of its investment portfolio by 2025.

The firm said it pledges to regularly report on its progress and publish the Carbon Intensity of its portfolio on an annual basis while embedding climate responsibility across all areas of its business. The company’s own operations will become carbon neutral, or negative, by 2023.

Rothesay is to also call on the government to support the sector increase its lending to projects which aid the transition to a low carbon economy.

Commenting on the report, Addy Loudiadis, CEO of Rothesay, said: “Rothesay is dedicated to securing the future for every one of our policyholders. It is therefore vital that we carefully measure and manage the risks associated with climate change in our investment portfolio and that our lending is aligned with businesses that will successfully navigate these risks in the future.

“We actively seek out opportunities to help finance renewable energy projects, where this is possible, and we are always willing to support governments in their efforts to develop low carbon generation and infrastructure. We stand ready to further fund projects that aid the transition to a low carbon economy.”

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