Julius Baer commits to UN principles for responsible banking

Swiss wealth manager Julius Baer has endorsed the United Nations Principles for Responsible Banking, the first Swiss bank to commit to them.

A declaration to support the UN Principles for Responsible Banking has been signed by the Julius Baer.

Julius Baer said that it will formally ink the principles on the occasion of the UN General Assembly in New York in September this year.

The UN Environment Finance Initiative (UNEP FI) and 28 banks from across the world have developed the Principles for Responsible Banking.

The principles, which will be officially launched on 22 September 2019, set out the banking industry’s role and responsibility in shaping a sustainable future.

It also called for aligning the banking sector with the objectives of the UN Sustainable Development Goals and the 2015 Paris Climate Agreement.

Julius Baer CEO Bernhard Hodler said: “We are very proud to be the first Swiss bank to commit to the UNEP FI Principles for Responsible Banking.

“At Julius Baer, we continuously include sustainability practices into our business, meeting a number of notable milestones in our pursuit of long-term value creation for clients, shareholders, and society as a whole. We see our responsibility as encompassing all aspects of sustainability: economic, social, as well as environmental.

“With our declaration to the Principles for Responsible Banking, we affirm our willingness to assume an active leadership role in sustainable changes.”

Source : verdict.co.uk

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