Investments | 21 November 2022
Coutts outperforms worldwide peers in UN’s Responsible Investing assessment
Coutts identified as a leading steward of responsible investing globally.
Coutts has outperformed peers in every category in the latest UN-backed Principles of Responsible Investment (PRI) assessment. The assessment reviewed all 2,791 PRI signatories which consist of asset managers, wealth managers and asset owners globally. And it clearly labelled Coutts as an industry leader.
While we are delighted to have had such a strong affirmation of our process, our work to provide both profit and purpose will keep developing. We are always evolving to improve our responsible investing approach. For example:
- last year we strengthened our ESG due diligence process and our voting and engagement activity, and now vote and engage directly on almost half of our assets under management.
- This year we have set out how we will achieve net zero emissions across our investment products by 2050. By building this into our assessment we can reduce the climate risk that our clients are exposed to in their funds and portfolios.
The value of investments, and the income from them, can fall as well as rise and you may not get back what you put in. Past performance should not be taken as a guide to future performance. You should continue to hold cash for your short-term needs.
We may withdraw our pensions cash offer any time before 11 November 2022. If you meet the eligibility criteria, the cash reward will be paid no later than 31 May 2023. Terms and conditions apply. There’s an old saying, “retirement is wonderful if you have two essentials – much to live on and much to live for.” Having worked hard to build your wealth, it would be remiss not to make sure you and your family can make the most of it as time goes on.Stagflation became financially synonymous with the difficulties the UK and other economies faced in the 1970s. The oil producing organisation OPEC embargoed oil exports to many western nations, pushing up oil and energy prices dramatically. The rise in the cost of living, fuelled in part by wage price spirals, coincided with stagnant economic growth, and unemployment was high while things got more expensive. This resulted in stagflation.
Although we currently have an energy shock, especially in Europe, as a result of the Russian invasion of Ukraine, the main driver of today’s inflation pressures was the pandemic. It led to a large demand for goods when strained and locked-down supply chains couldn’t cope.