SUSTAINABILITY IN FOCUS
J. Safra Sarasin Sustainable Asset Management Joins Net Zero Asset Managers Initiative
Mitigating climate change calls for decisive, collaborative action to curb emissions and facilitate a smooth transition to a low-carbon economy. As investors, we have a role to play in meeting these challenges together.
As such, J. Safra Sarasin Sustainable Asset Management is proud to announce that we have joined the Net Zero Asset Managers Initiative, in support of our existing Climate Pledge aiming for a carbon-neutral outcome in assets under management (AuM) by 2035.
The Initiative consists of a group of 87 asset managers with over USD 37 trillion in AuM, who are committed to supporting the goal of achieving net zero greenhouse gas (GHG) emissions by 2050 or sooner. Meeting this goal requires three aspects: real economy emissions reduction within sectors and companies we invest in, investing in carbon-removal for remaining emissions, and creating investment products aligned with climate targets to facilitate investments in climate solutions. The Initiative sets out a range of actions required to accelerate our transition to a net zero world, including engaging with clients, setting targets for AuM, engagement and stewardship, as well as policy advocacy.
As part of the Initiative, we aim to mobilise the asset management industry to action by demonstrating leading practices in climate action. Collaborative investor action can be leveraged towards reducing real economy emissions through current and future investments, by working with clients, and engaging with portfolio companies.
As a pioneer in sustainable investing, joining the Net Zero Asset Managers Initiative is a natural step that builds on our existing practices and achievements in the field. Bank J. Safra Sarasin was awarded A+ in August 2020, the highest score, by the United Nations-supported Principles of Responsible Investment (PRI), for its overall Sustainability Strategy and Governance. It was also among the first Swiss financial institutions to report based on the framework of the Task Force for Climate-related Risks (TCFD).