2023
Sustainability Report
Governance & Transparency
- We sharpened our Group-level sustainability governance and report on the integration of Sustainability/ ESG risks within our risk management framework.
- We report in accordance with GRI Standards for the 13th time, and for the first time the report contains further information on the TCFD recommendations in the “TCFD Index”
- The Sustainability Report serves as a report for purposes of the Swiss Code of Obligations Art. 964 a – 964 c and contains a detailed reference table on non-financial matters.
Investment Solutions
- Vontobel manages CHF 103.3 billion of investment solutions that incorporate ESG criteria.
- Investment teams subscribe to four common ESG Investment Principles
- We strengthened our ESG investment governance in 2023.
Advice for Private Clients
- In Wealth Management Vontobel offers discretionary mandate solutions for multi and single asset mandates based on the client’s needs and preferences for sustainable investing.
- In 2023, we successfully rolled-out our proprietary ESG Framework for private clients.
- The Framework includes three ESG classifications: risk-adjusted performance, mitigation of negative effects and positive contribution.
Path to net-zero
- Significantly managed to reduce energy consumption in 2023 through a reduction in fuel consumption from non-renewable sources.
- Extended the scope of our operational Scope 3 emissions through IT-devices.
- Defined a net-zero strategy and a reduction path for the bond investments in non-sovereign issuers in our banking book.
Great workplace
- We want to foster a workplace environment where everyone has the opportunity to develop and reach their full potential.
- In 2022, we have defined our diversity, equality and inclusion strategy (DE&I), and in 2023, we have increased the accountability of senior leadership through including DE&I targets in goal setting.
- We are a future-oriented employer and offer our employees attractive benefits.
Community Engagement
- We are a member of the Corporate Support Group of the International Committee of the Red Cross (ICRC) & a founding member of the Swiss Climate Foundation
- Annual fund-raising initiative supports an ICRC project every year, this year focused on the topic of “Forgotten Conflicts”.
- "A New Gaze" photography prize for young contemporary artists