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Julius Baer publishes Annual Report 2021 and Sustainability Report 2021 and provides update on climate targets

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Zurich, 21 March 2022 – Julius Baer Group today published its Annual Report 2021 (including the Remuneration Report), the Sustainability Report 2021 as well as the Annual Report 2021 (Financial Statement IFRS) of Bank Julius Baer & Co. Ltd. The documents are available for download on the Julius Baer website at www.juliusbaer.com/reports.

Climate strategy

The Sustainability Report includes a detailed outline of Julius Baer’s new climate strategy to achieve net-zero carbon emissions in its own operations by 2030. This will be achieved through a shift to renewable energy; a reduction in business travel, including internal carbon pricing of CHF 100 per metric tonne for air travel; and carbon removal for remaining emissions. The Group’s interim target is to reduce emissions in its treasury, lending and mortgage books by 20% by 2030, and to achieve its net-zero target in this area by 2050.

Philipp Rickenbacher, CEO of Julius Baer Group Ltd., said: “Our approach is to ‘do good, not just feel good’. Therefore, we are taking clear and pragmatic steps in the immediate term that will pave the way for us to fulfil our longer-term commitments.”

Cautionary statement regarding forward-looking statements

This media release by Julius Baer Group Ltd. (‘the Company’) includes forward-looking statements that reflect the Company’s intentions, beliefs or current expectations and projections about the Company’s future results of operations, financial condition, liquidity, performance, prospects, strategies, opportunities and the industries in which it operates. Forward-looking statements involve all matters that are not historical facts. The Company has tried to identify those forward-looking statements by using the words ‘may’, ‘will’, ‘would’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘project’, ‘believe’, ‘seek’, ‘plan’, ‘predict’, ‘continue’ and similar expressions. Such statements are made on the basis of assumptions and expectations which, although the Company believes them to be reasonable at this time, may prove to be erroneous.

These forward-looking statements are subject to risks, uncertainties and assumptions and other factors that could cause the Company’s actual results of operations, financial condition, liquidity, performance, prospects or opportunities, as well as those of the markets it serves or intends to serve, to differ materially from those expressed in, or suggested by, these forward-looking statements. Important factors that could cause those differences include, but are not limited to: changing business or other market conditions, legislative, fiscal and regulatory developments, general economic conditions in Switzerland, the European Union and elsewhere, and the Company’s ability to respond to trends in the financial services industry. Additional factors could cause actual results, performance or achievements to differ materially. In view of these uncertainties, readers are cautioned not to place undue reliance on these forward-looking statements. The Company and its subsidiaries, and their directors, officers, employees and advisors expressly disclaim any obligation or undertaking to release any update of or revisions to any forward-looking statements in this media release and any change in the Company’s expectations or any change in events, conditions or circumstances on which these forward-looking statements are based, except as required by applicable law or regulation.

 

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