Bank J Safra Sarasin Sustainability Profile
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 27 is lower than 51% 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 Scope 1 emissions of about 477,000 kg CO2e, Scope 2 emissions of approximately 937,000 kg CO2e, and significant Scope 3 emissions amounting to around 2,596,000 kg CO2e. The bank's emissions have shown a notable increase from 2022, when total emissions were about 2,832,000 kg CO2e, with Scope 1 at 485,000 kg CO2e, Scope 2 at 800,000 kg CO2e, and Scope 3 at 1,547,000 kg CO2e. The bank has committed to near-term climate targets, although specific reduction targets have not been disclosed. They are currently classified as "Committed" under the Science Based Targets initiative (SBTi) framework, indicating a proactive approach to managing their carbon footprint. However, they have not yet committed to a net-zero target. Emissions data is cascaded from Bank J Safra Sarasin AG, the parent company, which is classified as a financial institution based in Switzerland. The bank's climate commitments align with industry standards, reflecting a growing recognition of the importance of sustainability in the financial sector.
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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 |
How Carbon Intensive is Bank J Safra Sarasin's Industry?
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Bank J Safra Sarasin's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Bank J Safra Sarasin has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
