Rathbones

Rathbones's reported carbon emissions

Rathbones, a financial intermediation services firm based in Great Britain, has reported its carbon emissions for recent years. In 2024, the company's total emissions were approximately 31,023,000 kg CO2e. This figure is comprised of Scope 1 emissions of about 2,744,000 kg CO2e and Scope 2 emissions (market-based) of approximately 3,583,000 kg CO2e. Scope 3 emissions were substantial, totalling around 36,168,000 kg CO2e, with purchased goods and services and capital goods being significant contributors. In 2023, Rathbones reported total emissions of approximately 23,738,000 kg CO2e, with Scope 1 emissions at about 584,000 kg CO2e and Scope 2 at roughly 773,000 kg CO2e. Their Scope 3 emissions for this year were around 22,425,000 kg CO2e. Prior to this, in 2022, total emissions were approximately 21,919,000 kg CO2e, with Scope 1 at about 639,000 kg CO2e and Scope 2 at approximately 757,000 kg CO2e. Scope 3 emissions stood at around 20,630,000 kg CO2e. Rathbones is committed to climate action and has set targets through the Science Based Targets initiative (SBTi). They aim to reduce absolute Scope 3 (categories 1-14) greenhouse gas emissions by 42% by 2030, using a 2020 baseline year. This target is aligned with keeping global warming to 1.5°C. Additionally, Rathbones has a long-term commitment to achieve net-zero emissions by 2050. Their portfolio targets cover 91% of their total investment and lending activities as of December 2020.