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.
91% of total AUM
initially committed to be managed in line with net zero
USD $67.2 billion
currently committed to be managed in line with net zero
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
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.
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.