Bringing you live news and features since 2006 

Coutts announces ESG targets in new sustainability report


Wealth manager and private bank Coutts is targeting a 25 per cent reduction in carbon emissions in its funds and portfolios by the end of 2021, according to the firm’s newly launched 2020 Sustainability Report.Coutts, which already tackles sustainability differently than much of the wealth management market by embedding ESG-thinking across the entire investment process – rather than offering specific products – launched the report to demonstrate that “inaction is not an option”.

Those were the words of Mohammad Kamal Syed, Head of Asset Management at Coutts, who also commented that: “We invest with purpose and integrity, and with a keen focus on sustainability. It’s extremely important that we do this well. It’s not enough to simply sit back and do nothing to make it worse. We all have to do something tangible. Defeating climate change, for example, isn’t about what we believe, it’s about what we do.”
Within the report, the wealth manager and private bank also declared that it has achieved a 23 per cent reduction in carbon emissions from its Coutts Invest funds this year already and is aiming to reduce carbon emissions by 50 per cent across its overall holdings by 2030.
Leslie Gent, Coutts’ Head of Responsible Investing, says: “It is vital that we have a goal to work towards and that we hold ourselves accountable. Accountability for driving change towards a more sustainable planet is something we think is missing from society. To date, there has been a lot of carrot and not much stick and we believe that regulators should harden their stance to help drive real change.”
To be a part of that change, Coutts has today also revealed that it has excluded four areas from its direct investments: Thermal coal extraction; thermal coal energy generation; tar sand; arctic oil and gas exploration.
Gent adds: “We’re committed to continually improving how we do this to ensure we’re making the biggest possible difference. Our clients deserve nothing less. This involves reviewing our overall process at least every two years.”

Latest News

Electronic marketplace Tradeweb Markets Inc has reported total trading volume for May 2023 of USD29.4 trillion. Average daily volume (ADV)..
Invesco’s Paul Syms, Head of EMEA ETF Fixed Income and Commodity Product Management, has commented on the gold price, saying:..
Everysk, a provider of customisable, no-code, low-code intelligent automation solutions, has been chosen as a strategic partner of Dynamic Beta..
Rize ETF has listed its new Rize Circular Economy Enablers UCITS ETF (CYCL) on the London Stock Exchange (LSE) and..

Related Articles

The European thematic fund market presents interesting opportunities for asset managers and ETF issuers, particularly in the passive sphere, according...
Stephanie Miller Pierce, BNY Mellon
The three-year anniversary of BNY Mellon Investment Management’s launch of ETFs was marked by the quarter one growth of 172...
South Korea Flag
The overall trend in retail subscriptions to mutual funds in Korea is shifting gradually toward ETFs, as exchange-traded offerings have...
“The beauty of ETFs is that you can have effectively a rules-based strategy at low cost” says Laurent Kssis, head...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by