J. Safra Sarasin Asset Management launches a Climate Pledge aiming for a carbon-neutral outcome by 2035
Bank J. Safra Sarasin is a founding signatory of the Principles for Responsible Banking and the Principles of Responsible Investing and is committed to contribute to achieving society’s goals as expressed in the UN Sustainable Development Goals and the Paris Climate Agreement.
J. Safra Sarasin Asset Management promotes collaboration within the financial markets in order to mitigate and adapt to the effects of climate change, while also taking part in the public debate on the impacts of climate change at events and through collaborative initiatives. It is involved in developing business and investment strategies that have a positive contribution to tackling climate change. It supports actions to mitigate climate change and make adapting to the change possible.
With regards to its investment products and services, J. Safra Sarasin Asset Management is setting itself ambitious climate impact related targets. In the course of 2020–2035, it will further develop its sustainable investment processes towards carbon neutrality by:
- Investing in companies whose solutions enable emission reductions and which take the progression of climate change into account in their operations and strategy.
- Engaging with all financial market participants and fostering collaboration in order to promote climate change mitigation and adaptation.
- Focusing on analysing, mitigating and reporting financial risks of climate change in investment strategies.
- Aiming for a carbon-neutral outcome in assets under management by 2035.
Oliver Cartade, Head of Asset Management & Institutional Clients Division and member of the Group Executive Board:
“Climate change will have substantial financial, social and environmental impacts on current and future generations. Mitigating climate change calls for forceful emissions reductions and a global transformation to a low-carbon economy. Investors must be prepared to confront these challenges, but they can also harness the opportunities of new climate-friendly technologies and approaches.”
Dr. Jan Amrit Poser, Chief Strategist and Head Sustainability:
“A carbon-neutral investment portfolio must be backed by strong scientific research, relevant data as well as investment tools. We make use of these elements to assess the alignment of issuers with the Paris Climate Agreement. Furthermore, we are committed to the full transparency of our sustainable investment strategies and we aim to set the highest standards for climate reporting in our investment portfolio.”