Sustainability in our Business
In 2014, as part of our commitment to advance the integration of sustainability considerations into our business operations, Julius Baer became a signatory of the UN supported Principles for Responsible Investment (PRI)1 and joined the Swiss Sustainable Finance Association.
As a signatory, we are committed to following the PRI principles by incorporating ESG metrics into our investment decision-making process and ownership practices and to publish our activities in the annual reporting framework. In March 2016, we submitted our first PRI annual report, which is a review of the responsible investment activities of 2015. This report has been publicly available on the PRI website since June 2016.
Prohibited war material producer exclusion
In line with international conventions, Julius Baer recognises the manufacturing of prohibited war material2 as a violation of the fundamental humanitarian principles. This issue is therefore being addressed in a group-wide policy and with a blacklist of prohibited war material producers with associated comprehensive monitoring processes across all business units.
Responsible business conduct
Instilled by the Core Values of Julius Baer, the daily activities of our company are governed by the set of guiding principles and professional standards for ethical business conduct. These are summarised in the Our Professional Standards document, the Code of Business Conduct of Julius Baer. It is complemented by our internal policies and regulations implemented at the corporate and local levels.
Julius Baer's reputation for integrity is one of its most important assets, and compliance with laws and regulations is absolutely essential in maintaining our company’s credibility and trustworthiness. To protect and maintain this reputation, Julius Baer employees must not only follow the laws and regulations and the Group’s own Code of Business Conduct, but are also encouraged and expected to report cases of misconduct of a legal, regulatory or ethical nature. As a first point of contact, our staff is asked to discuss respective issues directly with the line management, Legal & Compliance functions and/or Human Resources. Alternatively, other channels remain open to report a concern, observation or complaint, such as contacting the Group’s Ombudsman or filing the case anonymously3 through the Group’s external reporting tool, the Integrity Line. Julius Baer will not retaliate against an employee who reports a breach or a violation in good faith.
For more information about our corporate sustainability approach and efforts, please see our recent Corporate Sustainability Report
|2||Nuclear and biochemical weapons, landmines, cluster bombs|
|3||Wherever permitted by local law|