Objective 1: We embed Sustainability in our Corporate Strategy and Governance
The mission statement of the J. Safra Sarasin Group, the mission statement of the Corporate Sustainability Board, the Group’s strategic goals as well as its annual objectives and operational actions constitute the pyramid that demonstrates how J. Safra Sarasin organizes its sustainability strategy.
Pyramid of Sustainability Strategy
The Corporate Sustainability Board (CSB)
To ensure that high sustainability standards are firmly embedded in the core business strategy, the Group Executive Board set up the internal Corporate Sustainability Board, comprising members of the Group Executive Board, the Executive Committee and top managers from different divisions across the entire Bank. Annually, there are several meetings to define and monitor progress against defined strategic objectives. The Corporate Sustainability Board’s responsibilities are to develop the sustainability strategy as part of the Group’s overall business strategy, identify strategically relevant sustainability themes and monitor the operational implementation of the strategically developed initiatives and measures based on Key Performance Indicators (KPIs).
The mission statement of the Corporate Sustainability Board is derived from the Group’s Mission Statement. It summarises how the J. Safra Sarasin Group regards itself in the context of sustainability, how it sets out its goals and how these are to be achieved. The mission statement consists of the five strategic Corporate Sustainability objectives mentioned above.
The Sustainability Advisory Council (SAC)
The Corporate Sustainability Board is advised by the external Sustainability Advisory Council. It has been set up to ensure that the investment division receives regular guidance and advice relating to recent development in sustainable investment of experienced international experts. There are a couple of formal meetings every year. The SAC provides access to the latest academic research in the field of sustainable investing. Joint presentations at internal educational sessions and external client events are also part of the SAC’s responsibilities. Furthermore, joint investment research projects are conducted in order to further improve the investment approach and benefit from external specialist know-how and experience.
Controversial Weapon Guidelines of J. Safra Sarasin Group
J. Safra Sarasin actively meets its responsibility when it comes to controversial weapons, and has therefore implemented a policy outlining the Group’s principles in this area. Controversial weapons are those types of weapons that have become controversial because of their humanitarian impact and/or the large numbers of civilian casualties they cause, often for many years after the conflicts in which they were deployed have ended. They include biological, chemical and nuclear weapons, cluster munitions and anti-personnel mines. J. Safra Sarasin has committed itself not to invest its treasury money in securities of companies that are active in the domain of controversial weapons.