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Rathbones Group plc

Rathbones provides individual investment and wealth management services for private clients, charities, trustees and professional partners. Rathbones joined the Net Zero Asset Management initiative in November 2021. They made their Initial Target Disclosure in November 2022.

Initial Target Disclosure: November 2022

Percentage of assets covered by the Net Zero Asset Managers Commitment Statement

91% of total AUM (USD $67.2 billion)

Information on interim target(s) covering the proportion of assets to be managed in line with net zero



13% of portfolio companies setting a Science Based Target



2025 – 35% of portfolio companies setting a Science Based Target

2030 – 57% of portfolio companies setting a Science Based Target

2040 – 100% of portfolio companies setting a Science Based Target

GHG scopes included:

Any financed emissions data used to calculate our footprint are restricted to the inclusion of scope 1 and 2 emissions from investee companies only. We will work to build out coverage to include scope 3 emissions over time as data coverage and
quality increases.


Science Based Target initiative for Financial Institutions


Our targets have been set in alignment with the SBTi 1.5-degree pathway and we are currently seeking validation from SBTi.

Additional information

Proportion of AUM committed:

We have used the SBTi portfolio coverage methodology and through this identified the material asset classes within scope of our calculations. For us this includes, common stock, corporate bonds, exchange traded funds, REITs, investment in real estate and preferred stock. As and when other asset classes become material to our footprint, have associated target setting methodologies and available data, we will look to incorporate these as part of our review process.

Policy on coal and other fossil fuel investments:

No. We do not currently have a policy in place but are developing one which we would look to share within six months of our SBTI target validation. Alongside this process we are reviewing our approach to engagement and exclusions.
We continue to engage with companies that we have identified as material emitters through our stewardship programme. Our ‘Engagement at Rathbones report’ includes our approach to climate engagement.

Further information:

Please read more about our approach to responsible investment here
Our Engagement at Rathbones report can be found here

For more information on our approach and targets please view our 2021 TCFD report and our responsible investment report. Both can be viewed here