Objective 5: We manage Resources efficiently
Climate Targets and Metrics
The Group’s fifth objective is to achieve commercial success while reducing its ecological footprint. It therefore seeks to increase energy and resource efficiency, reduce energy consumption and carbon emissions. J. Safra Sarasin extends opportunities related to resource efficiency and the adoption of low-emission energy sources across the Bank’s operations. The Bank captures Scope 1 and 2 greenhouse gas emissions (GHG) for 95% of the Bank’s operations (locations, determined by office size) and reduce dependency on fossil fuels.
Climate action and energy efficiency
J. Safra Sarasin oversees and regularly implements appropriate measures in its efforts to become more energy efficient.
Since 2013, Bank J. Safra Sarasin has participated in an energy efficiency programme and agreed on setting energy efficiency and carbon reduction targets with the Business Energy Agency (EnAW) in Switzerland to reduce its carbon emissions by 2022.
Renewable energy use in Switzerland
In Switzerland, the Bank utilises renewable energy. As a pioneer in environmental protection, the Bank showed its colours as early as 1993 when it installed its own photovoltaic system on the roof of its Basel head office. The Basel office uses only district heating, which is climate neutral.
The Bank tracks a number of sustainability key performance indicators (KPIs) and reports them in the Annual Sustainability Report.