Rothschild & Co Asset Management Europe
Rothschild & Co Asset Management offers management services and investment solutions dedicated to a wide range of institutional investors, financial intermediaries and distributors. It is based in Paris and present in 9 European countries. Rothschild & Co AM joined the Net Zero Asset Managers Initiative in November 2021 and made its Initial Target Disclosure in November 2022.
60% of total AUM
initially committed to be managed in line with net zero
USD $13 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
10% of portfolio companies setting a Science Based Target.
75% of portfolio companies setting a Science Based Target.
GHG scopes included:
The latest SBTi criteria for companies to set Scope 1 and 2 targets, as well as Scope 3 targets where their Scope 3 emissions are material, are applied where possible.
Science Based Target initiative for Financial Institutions
The guidance set by SBTi is established based on mitigation pathways that limit warming in line with Paris Agreement climate goals.
Proportion of AUM committed:
The AuM not covered are funds of funds and dedicated investment vehicles. Dedicated funds are usually investment vehicles with institutional clients in which their specifications, their investments constraints, their SRI codes, and their requirements are being implemented. Changes into the investment approach are in the hands of the client. Therefore, due to legal concern, imposing commitments not part of their mission statements is not feasible.
Policy on coal and other fossil fuel investments:
• R&Co Asset Management Europe’s investment principles for coal sector.
These policies cover all AuM, all investment vehicles, open-ended & dedicated, and all our investment expertise. We are updating overtime our thresholds based on the international coal exit calendar and Urgewald’s recommendations.
• R&Co Asset Management Europe’s exclusion framework.
Dedicated pages (7 & 15) to our global approach regarding fossil fuels investments are integrated in the document. It is a two levels process: one global approach at entity level and specific processes at a few funds level (only for specific labelled or dedicated products).
Concerning fossil fuels, our current approach based on a quantitative and qualitative monitoring and analysis with dedicated engagement mechanisms shall be strengthened in the upcoming years, alongside our net zero journey.
Please refer to Rothschild & Co Asset Management Europe’s annual Article 29 reporting for further information on its net zero strategy, process and results.