Caring for the Environment
As of 2015, the Julius Baer Group operates as a carbon-neutral company by purchasing offsetting certificates in two Gold Standard projects, in Uganda and Ghana, developed by the South Pole Group.
CO2 emissions breakdown for the Julius Baer Group by source as at 31 December 2016
We are also working towards meeting the concrete goals we set for 2015-2020 to proactively reduce our ecological footprint, including measures to
- optimise usage of energy and switch to using renewable electricity whenever possible
- optimise usage of water
- implement a comprehensive recycling framework
Julius Baer is a member of the Swiss Climate Foundation, which directly helps to fund ecological efficiency and innovation projects led by small and medium-sized enterprises in Switzerland and Liechtenstein. As part of its membership, Julius Baer donates a considerable portion of the net gains received from the redistributed CO2 levies to the foundation.
KEY ENVIRONMENTAL INDICATORS1
from 2014 in %
from 2013 in %
|Energy consumption (in MWh)||27,248||0.6%||27,092||-0.9%||27,332|
|Heating and other fuels||5,127||16.7%||4,393||-22.4%||5,661|
|Diesel fuel (backup generators)2||47||-4.5%||50||13.0%||44|
|Business travel (miles/FTE)||6,220||-10.6%||6,959||-4.3%||7,271|
|Water consumption (m3)3||155,590||-4.5%||162,987||5.8%||154,073|
|Water consumption (m3/FTE)||36||0.0%||36||-6.4%||38|
|Paper consumption (t)||258||-30.3%||370||25.1%||296|
|Paper consumption (kg/FTE)||60||-26.9%||82||10.7%||74|
|Residual office waste||236||-1.9%||241||-1.1%||243|
|Greenhouse gas emissions (tCO2e)5||11,891||-5.4%||12,570||9.0%||11,531|
|Scope 1 total6||1,358||15.7%||1,174||-6.1%||1,250|
|Heating and other fuels||1,124||17.9%||954||-22.6%||1,233|
|Volatile emissions (refrigerants)||234||6.2%||220||n/a||17|
|Scope 2 (Electricity)7,8||4,186||-4.1%||4,363||8.1%||4,037|
|Scope 3 total9||6,348||-9.8%||7,034||12.6%||6,245|
|Paper, water, and waste||575||-17.2%||695||14.5%||607|
|Energy intensity (MWh/FTE)||6.3||5.4%||6.0||-12.3%||6.8|
|CO2 intensity (tCO2e/FTE)||2.7||-0.9%||2.8||-3.5%||2.9|
|1||Environmental indicators for the Julius Baer Group 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), covering about 80% of total employees.|
Exception here are business travel figures, which cover the entire Group. Average FTE figures were used for calculation of ratios for the respective years.
Updated from data previously made available on our website, the GHG inventory in this table is based on up-to-date emission factors provided by the internationally recognized Defra (UK). This allows for a consistent data source and methodology.
CO2 offsetting for the Julius Baer Group is done based on the extrapolation of the above-listed information to cover all of the operations of the company.
|2||2014 values were estimated based on number of employees|
|3||2015 value was estimated based on number of employees|
|4||Street sludge, cooking oil and fluorescent lamps|
|5||CO2 emissions were calculated according to the guidelines of the Greenhouse Gas Protocol. Emission factors were updated.|
|6||Emissions that arise directly from owned or controlled sources (e.g. fuels used in boilers)|
|7||Emissions generated by purchased electricity consumed by Julius Baer|
|8||Emissions calculated using the 'location-based' approach in accordance with the Greenhouse Gas Protocol Scope 2 Guidance. Value used as an approximation for the 'market-based' emissions.|
|9||Emissions that are a consequence of own activities but from sources not owned or controlled by Julius Baer (e.g. associated with business travel, paper consumption and waste)|