Coutts to cut 25% in fund carbon emissions

Coutts has targeted a 25% reduction in carbon emissions in its funds by the end of 2021.

The wealth manager and private bank says in its 2020 Sustainability Report that it has achieved a 23% reduction in carbon emissions from its Coutts Invest funds this year and is aiming to reduce carbon emissions by 50% across its overall holdings by 2030.

Coutts has excluded four areas from its direct investments: Thermal coal extraction; thermal coal energy generation; tar sand; arctic oil and gas exploration.