We see the responsibility of Julius Baer as encompassing all aspects of sustainability: economic, social as well as environmental. This means working on continuing our successful relationships with our clients for many generations to come while going beyond the daily business and being an active citizen of the society.

We have defined a set of guiding principles which govern the daily activities of our company and set the minimum professional standards for ethical business conduct. These principles can be summarised as follows:

  • We observe the laws and regulations of countries we operate in, but also go beyond what is required, be it in our business activities, relations with our employees, or engagement in the local communities
  • We keep the interests of our clients at the centre of our business activities, ensuring excellent service and performance to meet their needs
  • We are the destination Bank for top talents, treating each other with respect and provide environment conducive to professional growth and empowerment of our staff
  • We communicate transparently on all material business and other activities of the Bank with our diverse stakeholder group
  • We respect human rights in all our endeavours as well as implement measures to minimise the ecological footprint of Julius Baer

>> Responsible Investment

Corporate social responsibility framework applied to our daily business

As part of our commitment to advance the instilment of sustainability considerations within our business operations, Julius Baer became a signatory of the UN Principles for Responsible Investment (UNPRI) in 2014 and joined the newly-formed Swiss Sustainable Finance Association. As a first step, we implemented an integrated framework of environmental, social and governance (ESG) criteria in our research offering. ¹

Please find the details to our investment approach philosophy on the dedicated page:

>> Investment Approach

It is our goal to continuously deepen the integration of responsible investment considerations within the portfolio of assets managed by Julius Baer.

We are in the process of upgrading our sustainability reporting, thus creating a comprehensive overview of existing initiatives, as well as various enhancement measures and mid- to long-term commitments of Julius Baer in the business activities and beyond. This full reporting will be published during the first half of 2016.

In the meantime, please find below our key sustainability-related indicators:

Social* 

20132014
Total number of employees at yer end (FTEs)5'3905'247
Part-time jobs (% of total)9.910.4
Proportion of women (%)41.440.9
Proportion of women in managment positions (Director and above) (%)23.824.2
Proportion of women on the Board of Directors of the Julius Baer Group Ltd. (%)14.314.3
Fluctuation rate** (%)9.715.7
 
Environmental***20132014
Greenhouse gas emissions (kg CO2, per FTE)3'8893'681
thereof business travel (%)63.864.9
thereof paper, waste, water (%)5.25.3
thereof energy use of buildings (%)30.928.5
Total energy consumption (kwh per FTE)6'3305'463
Electricity consumption (kwh per FTE)5'2714'759
Heating energy consumption (kwh per FTE)1'059704
Water consumption (m3 per FTE)3836
Paper consumption (kg per FTE)122121
Proportion of recycled & Forest Stewardship Council (FSC) certified paper (%)100.098.9
Proportion of electricity from renewable sources (%)14.914.5
Waste (kg per FTE)194142
Waste recycling ratio (%)68.762.5
Business travel (miles per FTE)11'70211'200
*Social indicators are based on full year 2013 and full year 2014 information
**Includes Merrill Lynch International Wealth Management integration and synergy efforts
***Environmental indicators for the Julius Baer Group Ltd. are based on the information collected from our main business locations (Zurich, Geneva and Lugano premises and data centres in Switzerland, as well as our locations in Singapore, Hong Kong, UK and Uruguay), with extrapolations for all other locations. Reporting accounts for emissions included under Scope 1 and Scope 2 (power consumption and heating) as well as the components of Scope 3 (business travel – the major source of emissions, waste, as well as water and paper consumption). We have additionally included into the calculation the footprint of the menus served at our primary staff restaurant in Zurich-Altstetten (Switzerland), as it is our goal to progressively introduce climate-friendly menus into our offering. 2013 results are based on the full year. For 2014 figures, due to the timing of the release and materiality considerations, data for Zurich and Geneva are composed taking 11 months of 2014 with extrapolation for the full year, while for all other locations we took the figures from 9 months of 2014 with respective extrapolation. Average FTE figures were used for calculation of ratios for the respective years.
 ¹The responsible investing approach currently does not apply to the UK and Asia.