Julius Baer launches ‘Green Portfolio Services’
Julius Baer, the leading Swiss private banking group, launches an innovative new service which enables investors to reduce or fully neutralise CO2 emissions of their equity investments. The new offering, called Green Portfolio Services, has been developed in cooperation with South Pole Carbon, a leading emission reduction company and is the first of this nature to be offered by a financial institution.
Industry, transport, daily domestic energy consumption are all activities which emit carbon dioxide (CO2) into the earth’s atmosphere. This gas is one of the alleged culprits of the climatic changes in recent decades. Aware of global warming, many individuals, organisations and businesses are striving to reduce the rising quantity of CO2 emissions. Investors today also view environmental conservation and green investments as increasingly important. This has prompted Julius Baer to develop the innovative new Green Portfolio Services. For the first time, investors can reduce or neutralise the climate impact of the equity positions in their portfolios.
Silvia Wegmann, Portfolio Manager and sustainability expert at Julius Baer said: “We are proud to be the first financial institution to offer such a unique service. Green Portfolio Services enables investors in a first step to analyse their equity portfolios regarding the related CO2 emissions. Then, based on the individual portfolio analysis, investors can choose to effectively reduce or neutralise the CO2 emissions of their equity portfolios by adopting one or more measures which all share the common goal: to mitigate CO2 emissions and to consequently conserve the environment.”
Julius Baer obtains the climate know-how, greenhouse gas emission data and carbon certificates used for carbon offsetting directly from South Pole Carbon. This world leading emission-reduction company, based in Zurich, manages CO2 reduction projects on a global scale. When selecting the specific projects, core emphasis is put on highest quality. In addition to the climate and ecological benefits, each project has to prove that it also creates social benefits. This includes creating jobs or fostering educational programmes in developing countries where the projects are based.
In managing CO2-reduction projects, South Pole Carbon follows established international procedures and methods in its project work. These have been devised under the United Nations Framework Convention on Climate Change (UNFCCC) and are recognised by the leading emission reduction standards (such as the Swiss NGO Gold Standard). The projects focus on renewable energy sources, reforestation and avoidance of methane emissions.
The philosophy of sustainably managed investments combines issues of environmental conservation, social responsibility and economic efficiency. Investors not only reap the usual market return on their investments, but at the same time generate a profit for society at large. To meet the growing demand for these investments, Bank Julius Baer offers additional suitable investment vehicles to its clients as well. These include for example products from third-party asset managers on appropriate themes, such as sustainability funds and mandates.
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