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Sustainable Finance Disclosure Regulation (SFDR)
Banque J. Safra Sarasin (Luxembourg) SA (“BJSSL”) is a part of the J. Safra Sarasin Group (the “Group”).
The Group continues to lead the industry in sustainability and is committed to driving further development through membership of leading industry bodies and as a founding signatory of the Principles for Responsible Banking and the Principles of Responsible Investing.
As per Group guidance, BJSSL is committed to contribute to achieving society’s goals as expressed in the UN Sustainable Development Goals, the Paris Climate Agreement and to achieving smart, sustainable goals.
Pursuant to the EU Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (the “SFDR”), BJSSL is required, among others, to disclose the manner in which sustainability risks are integrated into investment decision-making and advice as well as information about the consideration of Principal Adverse Impacts.
“Sustainability Risks” refer to an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investments made by BJSSL. Such risks are principally linked to climate-related events resulting from climate change (also known as physical risks) or to society’s response to climate change (also known as transition risks), which may result in unanticipated losses that could affect BJSSL and its investments. Social conditions (e.g. labor relations, investment in human capital, accident prevention, changing customer behavior, etc.) or governance shortcomings (e.g. recurrent significant breach of international agreements, bribery issues, product quality and safety, selling practices, etc.) may also translate into Sustainability Risks. The impacts following the occurrence of a Sustainability Risk may be numerous and vary depending on industries, regions and asset classes.
BJSSL relies on a wide range of tools described in the Group’s Sustainable Investment Policy to ensure that Sustainability Risks are properly integrated. In addition, the Group’s engagement and voting activities detailed in its Active Ownership Policy, ensure that Sustainability Risks are integrated and monitored on an ongoing basis. In alignment with the Group’s activities, Sustainability Risks are also integrated and monitored on an ongoing basis by BJSSL.
BJSSL employees are incentivized to apply sustainability considerations wherever possible and conduct their duties in a sustainable, client-orientated manner. Risk awareness, including consideration of Sustainability Risks, is part of the qualitative performance assessment of its employees as indicated in BJSSL’s remuneration policy.
The Group, and BJSSL as part of it, consider the principal adverse impacts of its investment decisions on sustainability factors according to its own in-house measures backed by 30+ years of sustainable investment expertise and not as per the definitions set out in the SFDR. BJSSL, in close collaboration with the Group, continues to closely monitor the evolving regulatory environment and review and enhance its in-house methodologies to ensure it remains at the forefront of sustainable investment.
As per Art. 10 of EU Regulation 2019/2088 on sustainability-related disclosures in the financial services sector, the Sustainable Multi-Asset, Thematic and Equity Income discretionary mandates consider environmental, social and governance factors as part of investment analysis, idea generation and portfolio construction.
The objective of the Sustainable Equity Global discretionary mandate is to reduce the carbon footprint (claims on carbon emissions per million USD invested) over time until it reaches net-zero by 2035 in line with J. Safra Sarasin's Climate Pledge. This is achieved by focusing on shares of companies contributing to a carbon-neutral outcome. To this end, the mandate will invest in «Green Champions», companies enabling substantial emissions reduction through innovative solutions, and «Climate Pledgers», companies on a temperature trajectory below 2°C, in line with the Paris Agreement. This investment approach will allow investors to harness opportunities and mitigate risks stemming from the climate transition. The portfolio will be below 2°C at all times, have high exposure to green revenues, and no exposure to stranded assets.
Information regarding the methodologies used to assess, measure and monitor the environmental and social characteristics of these products is available in the Group Sustainable Investment Policy
Further information is available on the Group Sustainability Website.