Climate Change Data

Quintet Private Bank group

Climate Impact & Sustainability Data (2022, 2023-01-01 to 2023-12-31)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:9199.4 tCO2e/year
Scope 1 Emissions:2413.7 tCO2e/year
Scope 2 Emissions:147.8 tCO2e/year
Scope 3 Emissions:6637.9 tCO2e/year

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced Scope 2 emissions significantly due to three entities switching to renewable energy and the wind-down of Quintet Switzerland; however, overall CO2 emissions from own operations increased by 18% compared to 2021 due to return to office and business travel.

Social Achievements

  • Supported numerous charitable and non-profit organizations; mobilized resources to support the people of Ukraine; significant investments in staff training; strengthened Diversity, Equality & Inclusion Policy; supported 80% of social proposals at invested companies (triple the industry benchmark).

Governance Achievements

  • Worked towards fulfilling all relevant regulatory requirements (SFDR, EU Taxonomy, MiFID II ESG changes, ECB Guide on C&E risks); further structured the integration of sustainability within products, disclosures, and risk management; working towards structuring a governance framework to implement sustainability across the organization.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Structuring governance around sustainability; alignment with regulatory expectations (SFDR Level 2, ECB thematic review); strengthening ESG & sustainable investment policies.
Short-term Goals:
  • Definition of corporate sustainability strategy through materiality assessment; preparation of stronger sustainability reporting following TCFD recommendations and CSRD requirements.

Environmental Challenges

  • Overall CO2 emissions from own operations increased by 18% compared to 2021 due to return to office and business travel; data unavailability for approximately 12% of total CO2 emissions in 2022.
Mitigation Strategies
  • Group energy-saving initiative; progressive return to renewable energy sources; implementation of a company-wide booking tool (Egencia) to increase transparency on business travel; compensated 4.7 tCO2e from one office in the Netherlands using conventional electricity through Guarantees of Origin.

Supply Chain Management

Responsible Procurement
  • Revised Supplier General Terms & Conditions; Supplier Code of Conduct; due diligence process for providers at Brown Shipley.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SFDR, EU Taxonomy, TCFD, UN PRI

Sustainable Products & Innovation

  • Quintet Earth

Awards & Recognition

  • Highly Commended at the 2022 Private Banker International Global Wealth Awards in the category “Best Bank for Sustainability and ESG Leadership”

Reporting Period: 2023-01-01 to 2023-12-31

Environmental Metrics

Total Carbon Emissions:8,614.8 tCO2e/year
Scope 1 Emissions:2,327.5 tCO2e/year
Scope 2 Emissions:151.6 tCO2e/year
Scope 3 Emissions:6,135.6 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:1,497.4 MWh/year
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Corporate culture
  • Responsible client services
  • Responsible workforce management
  • Climate change

Environmental Achievements

  • CO2 emissions from own operations decreased by 6% compared to 2022
  • Supported 46% of environmental proposals (double the industry average)

Social Achievements

  • Employees volunteered nearly 4,000 hours to charitable organizations
  • Supported 48% of social proposals (almost triple the industry average)
  • Invested in staff training and strengthened Diversity, Equity & Inclusion approach

Governance Achievements

  • Defined Corporate Sustainability Strategy, approved by relevant boards and committees
  • Worked in line with existing sustainability regulations (NFRD, MiFID II, SFDR, ECB Guide)
  • Prepared for new regulatory frameworks (TCFD, EU Taxonomy, CSRD)
  • Strengthened ESG and sustainable investment policies, including a Group Climate-related and Environmental (C&E) Risk Management Policy

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Reduce absolute Scope 1, 2 & operational Scope 3 GHG emissions by 50% by 2032 and as close as possible to 100% by 2050, from a 2022 base year
  • Reduce carbon intensity for financed Scope 3 emissions by 20% between 2024 and 2030, compared to a 2023 base year, for DPM
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Data unavailability for some environmental metrics (approximately 30% of total CO2 emissions calculated for 2023)
  • Ongoing effort to ensure all business travel is booked through Egencia for more accurate data
  • Need to further refine measurement and monitoring capabilities to reduce Scope 3 financed emissions
Mitigation Strategies
  • Used data from previous years and market benchmarks where data was unavailable
  • Implemented Egencia as the sole platform for booking business travel (as of Q1 2024)
  • Developed a corporate sustainability roadmap focusing on strategy, governance, change management, regulatory compliance, and relevant policies

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Code of Conduct covering business ethics, people, and planet

Climate-Related Risks & Opportunities

Physical Risks
  • Physical hazards impacting business continuity, execution, delivery, and process management
Transition Risks
  • Regulatory changes, market shifts, repricing of securities vulnerable to C&E risk drivers
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI, SFDR, EU Taxonomy, TCFD, UN PRI

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Enhanced Sustainable Investment Framework includes a new dataset to identify companies generating revenues aligned with UN SDGs

Sustainable Products & Innovation

  • Sustainable investment mandate in partnership with Triodos

Awards & Recognition

  • Not disclosed