Julius Bär

The institution publishes an engagement report on sustainability impact topics and has a publicly available policy statement requiring suppliers to respect ILO core labour rights. It conducts third-party assurance of target reporting and assigns decision-making and oversight for its sustainability strategy to the highest governance body. Performance criteria for senior executive remuneration are linked to specific sustainability targets, while responsibility for implementing the strategy is assigned to various functions, teams, or committees. A publicly available policy statement commits to respecting human rights, and a list of trade associations is disclosed. The institution identifies key sectors, clients, and investees for climate engagement. It has interim targets for 2025 and 2030 aligned with a 1.5C trajectory, with scope 1-3 emissions reducing in line with these targets.

The financial institution has made certain disclosures, such as statements committing to respect the ILO’s fundamental rights at work. However, it should place these commitments within a formal policy document.Moreover, the institution has the opportunity to be more forthcoming about its operations. It could disclose the methodology it uses to determine a living wage for the regions where it functions. In parallel, while it prohibits bribery and corruption, it could formalize this commitment in a public policy and include anti-bribery and anti-corruption clauses in its business contracts.Although the financial institution has identified material sustainability impacts across its value chain, it could provide a more detailed account of the process. This would involve elaborating on how objective criteria and supportable evidence were utilized for the identification and prioritization of those impacts. Its stewardship policy, which already supports environmental transitions and social best practices, could be further enhanced by detailing its aim and objective more precisely.When it comes to disclosing its provision of products, services, and capital to nature-positive solutions, the institution could offer more clarity by further detailing what exactly this disclosure encompasses.It is recommended that the financial institution discloses the breakdown of its clients and/or beneficiaries by income group. At present, it discloses this breakdown by country for some countries, but it should expand the list to make it comprehensive.Furthermore, it is advisable that the financial institution discloses that it has a process in place for identifying the social risks associated with its products, services, and capital in relation to the net zero transition.Finally, it is recommended that the financial institution provides an example of the specific conclusions it has reached and the actions it has taken or plans to take in response to at least one of its prominent human rights issues. This should be based on the assessment processes within at least one of its activities in the last three years.

The financial institution has made certain disclosures, such as statements committing to respect the ILO’s fundamental rights at work. However, it should place these commitments within a formal policy document. Moreover, the institution has the opportunity to be more forthcoming about its operations. It could disclose the methodology it uses to determine a living wage for the regions where it functions. In parallel, while it prohibits bribery and corruption, it could formalize this commitment in a public policy and include anti-bribery and anti-corruption clauses in its business contracts. Although the financial institution has identified material sustainability impacts across its value chain, it could provide a more detailed account of the process. This would involve elaborating on how objective criteria and supportable evidence were utilized for the identification and prioritization of those impacts. Its stewardship policy, which already supports environmental transitions and social best practices, could be further enhanced by detailing its aim and objective more precisely.

When it comes to disclosing its provision of products, services, and capital to nature-positive solutions, the institution could offer more clarity by further detailing what exactly this disclosure encompasses. It is recommended that the financial institution discloses the breakdown of its clients and/or beneficiaries by income group. At present, it discloses this breakdown by country for some countries, but it should expand the list to make it comprehensive. Furthermore, it is advisable that the financial institution discloses that it has a process in place for identifying the social risks associated with its products, services, and capital in relation to the net zero transition. Finally, it is recommended that the financial institution provides an example of the specific conclusions it has reached and the actions it has taken or plans to take in response to at least one of its prominent human rights issues. This should be based on the assessment processes within at least one of its activities in the last three years.

This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.