Publication of Inaugural Sustainability Report

RNS Number : 9378N

Record PLC

05 October 2021

 

05 October 2021

RECORD PLC

('Record' or the 'Company')

New ESG Initiatives

Publication of Inaugural Sustainability Report

Record plc, the specialist currency and derivatives manager, is pleased to update the market on its new Sustainability Report, highlighting Record's progression in the area of sustainability.

This inaugural report reflects and underlines the Company's commitment to sustainability. It is designed to provide investors and other stakeholders with a succinct view of the Company's approach to this important subject and to enhance the Company's existing portfolio reporting. A full copy of the Sustainability Report can be accessed here:

https://www.recordcm.com/storage/uploads/docs/Sustainability%20Report%202021.pdf  

Record has taken significant strides towards improving transparency through ESG disclosures and in publishing climate targets, allowing the Company to be held accountable to meet its future targets and goals.

Some key achievements in the report are highlighted below:

· Formalising the centrality of sustainability within its governance structure, introducing a Senior Sustainability Office into the Sustainability Office framework in order to better coordinate consideration and accelerate the decision-making processes with regard to sustainability across the businesses.

· Development of its Emerging Market Sustainable Finance Strategy, which aims to invest currency with impact. The strategy combines investment in currencies, sustainabledevelopment bonds, and counterpartyengagement to nurture and enhance financial development across its universe of emerging and frontier countries.

· Climate financial related risk reporting in accordance with the TCFD framework across the following four pillars; Governance, Strategy, Risk Management and Metrics & Targets.

· A commitment to become net-zero by 2050 in line with the Paris Agreement, outlining some of the actions Record will take to reduce business emissions.

· Record's data-driven approach to diversity and inclusion is highlighted as a crucial component in forming its Diversity and Inclusion Action Plan.

· Partnership with a number of organisations and charities which have an impact on the community, including Insuring Women's Futures and Destiny Transformers. 

In addition to the sustainability report, the Company has also signed up to the Business in the Community's (BITC) Race at Work Charter, an initiative designed to improve the experiences of black, Asian and minority ethnic employees in the workplace. The Charter sets out five actions for signatories like Record to undertake, including:

· Appointing an Executive Sponsor for race

· Capturing data and publicising progress

· Ensuring zero tolerance of harassment and bullying

· Making equality in the workplace the responsibility of all leaders and managers

· Taking action that supports ethnic minority career progression

Leslie Hill, Chief Executive of Record plc, commented:

"We welcome this opportunity to succinctly present the Company's approach to sustainability in this inaugural report. We have always been very conscious of ESG, however, this has been a landmark year for reporting our sustainability achievements and objectives at Record. We are committed to becoming a sustainability leader; aligning our development and growth accordingly to better serve all our stakeholders."

-Ends -

For further information, please contact:

Record plc                                                                                                                         Tel: [phone]

Leslie Hill, Chief Executive Officer

Steve Cullen, Chief Finance Officer

Buchanan                                                                                                                           Tel: [phone]

Giles Stewart  [e-mail]

Victoria Hayns

Henry Wilson

George Beale

Notes to Editors

Record plc

Founded in 1983, Record is an independent, market-leading specialist currency and derivatives manager with over 38 years of experience which has allowed us to develop a deep and fundamental understanding of the risk and reward opportunities within those markets.

Our range of products typically assist our clients in achieving either their risk-reduction (via Currency Hedging) or return-seeking (via Currency for Return) objectives.

Our clients are largely institutions, including pension funds, charities, foundations, endowments, and family offices, as well as other asset managers and corporates.

Record (LSE: REC) was admitted to trading on the London Stock Exchange on 3 December 2007.

 

END

 

 

NRABDBDGBBGDGBS