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Bank Julius Baer & Co. Ltd.

PRI reporting framework 2017

You are in Strategy and Governance » Implementation not in other modules

Implementation not in other modules

SG 12. ESG issues in strategic asset allocation

New selection options have been added to this indicator. Please review your prefilled responses carefully.

12.1. Indicate if your organisation executes scenario analysis and/or modelling in which the risk profile of future ESG trends at portfolio level is calculated.

          In Sustainability Mandate, and Next Generation research
        

12.2. Indicate if your organisation considers ESG issues in strategic asset allocation and/or allocation of assets between sectors or geographic markets.

12.3. Additional information. [OPTIONAL]


SG 13. Long term investment risks and opportunity (Private)


SG 14. Allocation of assets to environmental and social themed areas (Private)


SG 15. ESG issues for internally managed assets not reported in framework

15.1. Describe how you address ESG issues for internally managed assets for which a specific PRI asset class module has yet to be developed or for which you are not required to report because your assets are below the minimum threshold.

Asset Class

Describe what processes are in place and the outputs or outcomes achieved

Listed equity - (proxy) voting

Julius Baer signed the United Nations-supported Principles for Responsible Investment (PRI) Initiative in September 2014, and we are in the process of incorporating the Principles throughout Julius Baer. As a signatory, we are committed to following the PRI guidelines by incorporating ESG metrics into our investment decision-making and ownership practices. The 1st phase of Responsible Investment implementation focuses on internal ESG integration which took place in 2015 and 2016. In 2016, we've completed the internal alignment and preparation for setting up our Active Ownership approach. We will start the proxy voting activities after setting up internal Active Ownership policy and process.

Cash

Julius Baer considers investment grade money market instruments a greenfield for Responsible Investment, because the ability to pay back the credit is the utmost financially material factor for investment grade instruments. For corporate money market instruments with high yield credit rating, the issuers' MSCI ESG ratings are used to determine if an instrument is investable for Julius Baer. All the instruments with issuer ESG rating above CCC are investable. If the issuer's ESG rating is CCC, the responsible portfolio manager has to go through the Conflict Resolution Committee to assess whether the issuer is investable based on ESG risks analysis. If the issuer does not have an ESG rating, an internal ESG rating process must be triggered by the respective portfolio manager in order to obtain an ESG rating and identify if the Conflict Resolution Committee approval is needed.  

15.2. Additional information [Optional].


SG 16. ESG issues for externally managed assets not reported in framework

16.1. Describe how you address ESG issues for externally managed assets for which a specific PRI asset class module has yet to be developed or for which you are not required to report because your assets are below the minimum threshold.

Asset Class

Describe what processes are in place and the outputs or outcomes achieved

Listed equities - ESG incorporation

Julius Baer Fund Solutions conducts in-depth research and analysis for funds to provide the Julius Baer Responsible Investment Fund Rating (Julius Baer RIFR). The Julius Baer RIFR is a rating expressing fund’s investment risks and opportunities in terms of environmental, social and governance (ESG). The Julius Baer RIFR is expressed on a seven-point scale ranging from AAA (best) to CCC (worst). The Julius Baer RIFR rating is a combination of two qualitative analysis: 1) fund provider 2) fund strategy. 1) Fund provider analysis assesses our business partners on their financially material risks and opportunities arising from ESG factors. We use MSCI ESG ratings when available. When unavailable, we rely on our in-house Julius Baer questionnaire. 2) Fund strategy analysis assesses the fund manager’s investment process regarding the inclusion of ESG factors using our in-house Julius Baer questionnaire.

Fixed income - Corporate (financial)

Julius Baer Fund Solutions conducts in-depth research and analysis for funds to provide the Julius Baer Responsible Investment Fund Rating (Julius Baer RIFR). The Julius Baer RIFR is a rating expressing fund’s investment risks and opportunities in terms of environmental, social and governance (ESG). The Julius Baer RIFR is expressed on a seven-point scale ranging from AAA (best) to CCC (worst). The Julius Baer RIFR rating is a combination of two qualitative analysis: 1) fund provider 2) fund strategy. 1) Fund provider analysis assesses our business partners on their financially material risks and opportunities arising from ESG factors. We use MSCI ESG ratings when available. When unavailable, we rely on our in-house Julius Baer questionnaire. 2) Fund strategy analysis assesses the fund manager’s investment process regarding the inclusion of ESG factors using our in-house Julius Baer questionnaire.

Fixed income - Corporate (non-financial)

Julius Baer Fund Solutions conducts in-depth research and analysis for funds to provide the Julius Baer Responsible Investment Fund Rating (Julius Baer RIFR). The Julius Baer RIFR is a rating expressing fund’s investment risks and opportunities in terms of environmental, social and governance (ESG). The Julius Baer RIFR is expressed on a seven-point scale ranging from AAA (best) to CCC (worst). The Julius Baer RIFR rating is a combination of two qualitative analysis: 1) fund provider 2) fund strategy. 1) Fund provider analysis assesses our business partners on their financially material risks and opportunities arising from ESG factors. We use MSCI ESG ratings when available. When unavailable, we rely on our in-house Julius Baer questionnaire. 2) Fund strategy analysis assesses the fund manager’s investment process regarding the inclusion of ESG factors using our in-house Julius Baer questionnaire.

Cash

Julius Baer Fund Solutions conducts in-depth research and analysis for funds to provide the Julius Baer Responsible Investment Fund Rating (Julius Baer RIFR). The Julius Baer RIFR is a rating expressing fund’s investment risks and opportunities in terms of environmental, social and governance (ESG). The Julius Baer RIFR is expressed on a seven-point scale ranging from AAA (best) to CCC (worst). The Julius Baer RIFR rating is a combination of two qualitative analysis: 1) fund provider 2) fund strategy. 1) Fund provider analysis assesses our business partners on their financially material risks and opportunities arising from ESG factors. We use MSCI ESG ratings when available. When unavailable, we rely on our in-house Julius Baer questionnaire. 2) Fund strategy analysis assesses the fund manager’s investment process regarding the inclusion of ESG factors using our in-house Julius Baer questionnaire.

16.2. Additional information.


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