{"id":10456,"date":"2024-10-25T11:19:38","date_gmt":"2024-10-25T09:19:38","guid":{"rendered":"https:\/\/oneswissbank.com\/?p=10456"},"modified":"2024-10-25T11:19:38","modified_gmt":"2024-10-25T09:19:38","slug":"sustainability-and-integrity","status":"publish","type":"post","link":"https:\/\/oneswissbank.com\/corporate-social-responsibility-it-2\/sustainability-and-integrity\/?lang=it","title":{"rendered":"Sustainability and integrity"},"content":{"rendered":"\t\t
Head of Sustainability<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t At a time when the risk of greenwashing is coming under increasing scrutiny from supervisory authorities, particularly in the financial sector, there is no denying that integrity has become a cardinal value like fairness, trust and transparency.<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t In our Code of Conduct, we have made two commitments relating to the corporate value \u2018integrity\u2019, namely:<\/p>\n At a time when the risk of greenwashing is coming under increasing scrutiny from supervisory authorities, particularly in the financial sector, there is no denying that integrity has become a cardinal value like fairness, trust and transparency.<\/p>\n Increasing regulatory requirements relating to sustainability issues are often perceived as constraints. Whether in the European Union with the CSRD (Corporate Sustainability Reporting Directive) and the CS3D (Corporate Sustainability Due Diligence Directive), or in Switzerland with the Code of Obligations (Art. 964 ss) and self-regulations on clients’ ESG preferences, it is now becoming difficult, if not impossible, to hide behind false pretences. <\/p>\n And what if, in the end, these regulations were a godsend, a safeguard promoting integrity while guaranteeing fair competition between companies required to publish comparable information? Integrity is one of the cornerstones of our sustainability strategy<\/p>\n <\/strong>Any organisation that wants to embark on a viable approach to sustainability has no choice but to do so with integrity. Why? Because beyond common sense, an organisation is part of an ecosystem and cannot be self-sufficient. Its various stakeholders (employees, customers, shareholders, suppliers, etc.) who are upstream, at the heart or downstream of its value chain, need to create a relationship of trust based on a clear \u2018social contract\u2019. <\/p>\n In a highly competitive and increasingly regulated world, organisations are becoming increasingly fearful, and some may tend to want to \u2018do too much\u2019, by deliberately or inadvertently providing incorrect information. For example, some companies include in their sustainability reports significant figures for avoided greenhouse gas emissions, but without providing any explanation of how they were calculated. When you consider how complicated the methodology is (see the Net Zero Initiative’s Pillar B guide developed by Carbone 4 – Net Zero Initiative – The pillar B guide<\/a>), there is plenty to be puzzled about… <\/p>\n Integrity and prevention of greenwashing in the financial sector<\/p>\n <\/strong>On 19 June 2024, the Federal Council announced that it was opting for a self-regulatory approach to preventing greenwashing in the financial sector, referring to the self-regulations\/guidelines published by the AMAS and the SBA on clients’ ESG preferences.<\/p>\n As a reminder, in May 2024, the SBA updated its guidelines, which came into force on 1 September 2024, in which it goes further than in the previous version of October 2023, namely:<\/p>\n To simplify things, we often talk about ESG funds or investments, but the acronym \u2018ESG\u2019 refers to criteria. It is better to talk about responsible investments (exclusion, ESG integration, proxy voting, etc.) to avoid any confusion. <\/p>\n At ONE swiss bank, we never talk about sustainable investments because we apply two approaches in our funds: exclusion and ESG integration. In the interests of integrity and transparency, we published this year our Responsible Investment Charter on our website, so that our partners and the wider market know what solutions we are offering to date. <\/p>\n Words are important, and the term \u2018sustainable\u2019 unfortunately tends to be overused. So, we need to be careful, without resorting to \u2018greenhushing\u2019, which is just as damaging to a company’s reputation as \u2018greenwashing\u2019. <\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\tOur vision of integrity<\/strong><\/h5>\n
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Here’s how ONE swiss bank strives to remain honest in its approach to sustainability.<\/p>\n\n
\n\n\t\t\n\t\t\t\t\t\t\n\t\t\t\tGoldilocks extends its holiday in the USA\t\t\t<\/a>\n\n\t\t\t\t<\/h4>\n\t\t\t\t\t
\n\n\t\t\n\t\t\t\t\t\t\n\t\t\t\tSustainability and accomplishment\t\t\t<\/a>\n\n\t\t\t\t<\/h4>\n\t\t\t\t\t
\n\n\t\t\n\t\t\t\t\t\t\n\t\t\t\tGonet & Cie SA and ONE swiss bank SA are joining forces to create a leading player in Switzerland\t\t\t<\/a>\n\n\t\t\t\t<\/h4>\n\t\t\t\t\t
\n\n\t\t\n\t\t\t\t\t\t\n\t\t\t\tThe \u201cred wave\u201d sparks enthusiasm\t\t\t<\/a>\n\n\t\t\t\t<\/h4>\n\t\t\t\t\t
\n\n\t\t\n\t\t\t\t\t\t\n\t\t\t\tThe hawks are sleepy, the vigilantes are waking up\t\t\t<\/a>\n\n\t\t\t\t<\/h4>\n\t\t\t\t\t
\n\n\t\t\n\t\t\t\t\t\t\n\t\t\t\tSustainability and integrity\t\t\t<\/a>\n\n\t\t\t\t<\/h4>\n\t\t\t\t\t