Rothesay joins UK Stewardship Code

Written by Adam Cadle

28/02/2023

Rothesay has become a signatory to the Financial Reporting Council’s UK Stewardship Code.

The Code sets high standard of stewardship for those investing money on behalf of UK savers and pensioners. To become a signatory, organisations have to demonstrate stewardship over the previous 12 months 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.

In addition to the Code, Rothesay is also a member of the UN-convened Net-Zero Asset Owners Alliance and is a signatory to its Principles for Responsible Investing. In 2022, Rothesay announced that its own operations were carbon neutral (a year ahead of target) and that the Group had achieved a 7% reduction in the Carbon Intensity of its investment portfolio between 2020 and 2021.

Speaking about the Code, David Land, head of investment strategy at Rothesay, said: “Ensuring the principles of stewardship are embedded across the management of our asset portfolio is a fundamental part of our long-term investment strategy and our commitment to providing our policyholders with security for the future. We are pleased to become a signatory to the Code and to support the Financial Reporting Council’s work to ensure a high level of stewardship is achieved throughout our industry.”

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