Rathbone Greenbank details plan for net zero by 2040

60% carbon reduction by 2030

James Baxter-Derrington
clock • 2 min read
The group will work to reduce operational and supply chain emissions 42% by 2030.
Image:

The group will work to reduce operational and supply chain emissions 42% by 2030.

Rathbone Greenbank Investments has detailed its plan to become a net zero emissions business by 2040, with the wider business aiming for 2050.

The plans include a commitment to reach net zero carbon emissions from is own operations and supply chain by 2030 using the Science-Based Targets Initiative (SBTi) framework and a cut of 60% in the carbon intensity of its investments by 2030, using 2020 as a baseline. Smith and Savage named Rathbones co-CIOs with Chillingworth set to retire Rathbone Brothers has also announced plans to achieve net zero emissions across the wider group by "2050 or sooner", and has taken a full emissions inventory using the SBTi methodology to set operations and investment targets. Using 2020 as a ba...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on ESG

London Climate Action Week: The most practical solutions
ESG

London Climate Action Week: The most practical solutions

What are managers doing?

Investment Week
clock 27 June 2022 • 1 min read
Kimberley Lewis, head of active ownership at Schroders
ESG

Schroders: Why we are against Sainsbury's being forced to become Living Wage-accredited

AGM on 7 July

Kimberley Lewis
clock 27 June 2022 • 4 min read
The worst contender dropped 166%, with its flows going from net positive to net negative
ESG

Morningstar figures reveal drop in recently ESG rebranded funds flows

Worst fund saw 166% drop

Kathleen Gallagher
clock 24 June 2022 • 5 min read
Trustpilot