Reimagining what’s next through climate action.

Addressing climate change is one of the most pressing challenges of our time, and businesses must lead the way in driving meaningful action. Decarbonisation is central to our sustainability strategy.

To play our part, we’ve developed near-term science-based emissions reduction targets aligned with global climate goals. We’re proud to announce that these targets have been validated by the Science Based Targets initiative (SBTi).

The SBTi—a collaboration between CDP, the UN Global Compact, the World Resources Institute (WRI), and World Wide Fund for Nature (WWF)—sets the world’s most rigorous and trusted standard for corporate climate action. We know our actions alone won’t solve climate change, and we’re part of a much larger system. But by acting decisively and engaging across our value chain, we aim to drive broader change and accelerate collective progress.

At RiverStone, our purpose is to unlock the path forward, and that includes taking meaningful steps where we can create impact. As a legacy insurer, we hold unique influence in key areas and we continue to bring that potential into focus, turning responsibility into opportunity.

Our decarbonisation efforts concentrate on the two areas where we hold the greatest leverage to drive meaningful change:

• Investments: Driving down carbon intensity in our investment portfolio through active engagement with the companies we help finance.
• Operations: Cutting emissions from office energy use through efficiency improvements and cleaner energy sources.

A huge thank you to our Investment and Sustainability teams for making this milestone possible. Together, we’re embedding climate action at the heart of our strategy and building a more sustainable future. This achievement reflects how RiverStone brings potential into focus through strategic action and long-term thinking.

RiverStone’s validated targets include commitments to:

Operational Emissions (Scope 1 & 2):

• Reduce absolute emissions by 42% by 2029, from a 2024 baseline.

Financed Emissions associated with our investments (Scope 3 category 15):

• Portfolio Coverage: 77.5% of our eligible corporate bond portfolio to set SBTi-validated targets by 2029.
• Fossil Fuel Finance: RiverStone commits to cease making new investments in issuers with revenues generated from the fossil fuel value chain. Existing investments will be allowed to mature but without reinvestment.

Target coverage: 93% of financed emissions and 23% of invested capital as of 2023