J. Safra Sarasin Sustainable Asset Management
J. Safra Sarasin Sustainable Asset Management is a global sustainable asset manager with offices in London and Luxembourg. It joined the Net Zero Asset Managers Initiative on 29 March 2021 and its initial target disclosure was published on 1 November 2021.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
100% of total AUM (USD $34.2 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
Varies by strategy
Target(s):
Portfolio decarbonisation reference target
50-60% emissions reduction by 2030, depending on the different investment strategies
Portfolio decarbonisation reference target
100% reduction, carbon neutral outcome by 2035
GHG scopes included:
The target considers currently Scope 1 and 2 emissions, and over time Scope 3 emissions will be phased in.
Methodology:
Own/other methodology
Scenario(s):
The target is aiming to limit global warming by 2100 to 1.5°C and net-zero by 2050 or sooner. IPCC 1.5°C climate scenarios, were used as the basis for the EU Benchmarks (CTB/PAB).
Additional information
Proportion of AUM committed:
In 2020 J. Safra Sarasin Sustainable Asset Management issued a Climate Pledge, aiming for carbon neutral outcome by 2035 for all assets under management (AUM). The Climate Pledge is currently under implementation and the above proportion of AUM reflects where the Climate Pledge was implemented.
Policy on coal and other fossil fuel investments:
The J. Safra Sarasin Climate Policy includes exclusions and divestments from coal. A threshold of 20% has been set considering coal’s current share in the global energy mix and its trajectory in a scenario below 2°C. The sustainability assessment follows a best-in class approach and includes a number of sustainable investment tools outlined in the policy. The reporting includes carbon foot printing and fossil fuel reserve exposure/stranded asset risks.
Further information:
Target Setting: The decarbonisation pathway corresponds to a fair share intermediary target of approx. 50% reduction by 2030. Bank J. Safra Sarasin is member of Science Based Targets Initiative and aims to set and validate science based targets in the future.
J. Safra Sarasin Sustainable Asset Management Climate Pledge; Climate Policy; Sustainable Investment Policy; Sustainability Website