Bank J Safra Sarasin has become a founding signatory of the United Nations’ Principles of Responsible Banking (PRB) supporting the UN-led banking partnership aimed at achieving a sustainable future.
The bank has committed to adhere to the PRB’s six principles and to demonstrate progress towards the UN’s Sustainable Development Goals and the Paris Accord.
The PRB requires signatories to be transparent about the impact of their products and services on society, the economy and the environment. Working with partners and clients to encourage sustainable practices to create shared prosperity for current and future generations is also essential.
As a pioneer and thought leader in the field of sustainable investments, this represents another step in the Bank’s 30-year history of integrating sustainability into every step of the investment process. The Bank was also a founding signatory of the UN’s Principles for Responsible Investment (PRI) in 2006.
Edmond Michaan, CEO of Bank J Safra Sarasin, says: “Signing the UNEP FI’s Principles for Responsible Banking is another clear commitment by Bank J Safra Sarasin to sustainability. For us, sustainability is an integral part of our core values and aligning ourselves with the Principles makes strategic business sense. A lasting sustainable return can only be realised if the livelihood of future generations is preserved.”
Jan Amrit Poser, Chief Strategist and Head of Sustainability, says: “We welcome the Principles for introducing a framework that guides the banking industry in integrating environmental and societal challenges and impacts into business strategy. We believe that the Bank’s early commitment to the Principles will further position us as a responsible, long- term oriented Bank and provide for more impactful action for the industry in the future.”
