Bank J Safra Sarasin
Bank J. Safra Sarasin, headquartered in Switzerland (CH), is a prominent player in the private banking and wealth management industry. Founded in 1841, the bank has established a strong presence in key operational regions, including Europe, Asia, and the Middle East. Specialising in sustainable investment solutions, Bank J. Safra Sarasin offers a unique blend of traditional banking services and innovative financial products tailored to high-net-worth individuals and institutional clients. The bank is renowned for its commitment to responsible banking practices and has achieved notable recognition for its expertise in sustainable finance. With a rich history and a focus on client-centric services, Bank J. Safra Sarasin continues to solidify its market position as a trusted partner in wealth management, consistently delivering value through its bespoke financial strategies.
DitchCarbon Score
How does Bank J Safra Sarasin's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Bank J Safra Sarasin's score of 39 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank J Safra Sarasin's reported carbon emissions
In 2023, Bank J Safra Sarasin reported total carbon emissions of approximately 4,010,000 kg CO2e. This figure includes 477,000 kg CO2e from Scope 1 emissions, 937,000 kg CO2e from Scope 2 emissions, and 2,596,000 kg CO2e from Scope 3 emissions. The bank's emissions have shown a significant increase from 2022, when total emissions were about 2,832,000 kg CO2e, indicating a need for enhanced climate action. The bank has committed to near-term reduction targets, although specific numerical targets have not been disclosed. They are currently classified as "Committed" under the Science Based Targets initiative (SBTi), which indicates a formal commitment to reducing emissions in line with climate science. However, they have not yet set a net-zero target. In 2022, the bank's emissions were composed of 485,000 kg CO2e from Scope 1, 800,000 kg CO2e from Scope 2, and 1,547,000 kg CO2e from Scope 3. This represents a decrease in total emissions from 2021, which were approximately 2,035,000 kg CO2e, suggesting some progress in their sustainability efforts. Overall, while Bank J Safra Sarasin has made commitments towards reducing its carbon footprint, the recent increase in emissions highlights the importance of implementing effective strategies to achieve meaningful reductions in the coming years.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 275,000 | 000,000 | 000,000 |
| Scope 2 | 1,474,000 | 000,000 | 000,000 |
| Scope 3 | 286,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Bank J Safra Sarasin is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
