Indosuez Wealth Management
Climate Impact & Sustainability Data (2019, 2023)
Reporting Period: 2019
Environmental Metrics
ESG Focus Areas
- Client relations
- Employee development and well-being
- Societal commitment (including green finance, inclusive finance, and environmental protection)
Environmental Achievements
- Launched carbon offsetting campaigns
- Reduced paper consumption through various initiatives (double-sided printing, paperless orders, etc.)
- Phased out single-use plastic items in some locations
- Improved waste sorting and recycling
- Reduced power consumption through lighting upgrades and other measures
- Signed the National Pact for the Energy Transition in Monaco
Social Achievements
- Implemented an equal opportunity charter and gender equality action plan
- Launched employee well-being initiatives (yoga, health month, etc.)
- Supported employee development and employability through training programs and mobility opportunities
- Promoted employee participation and dialogue through various channels
- Engaged in solidarity actions and philanthropy (Solidarity Leave, support for various associations)
- Implemented a mentoring program for new employees
Governance Achievements
- Developed and implemented a code of conduct
- Established a mapping of internal and external corruption risks
- Enhanced compliance communication and training programs
- Implemented a committed tax compliance policy
Climate Goals & Targets
Medium-term Goals:
- Integrate ESG criteria into a larger share of investment and financing decisions
- Expand the range of ESG mandates and funds
Short-term Goals:
- Raise client and employee awareness of CSR and green finance
- Develop a comprehensive green finance offering
- Implement further measures to reduce environmental footprint
Environmental Challenges
- Meeting increasingly demanding compliance standards
- Raising client and employee awareness of ESG issues
- Integrating ESG criteria into investment and financing decisions
- Reducing environmental footprint across all operations
Mitigation Strategies
- Developed and implemented a centralized CSR organization
- Launched various training programs on compliance, ethics, and ESG
- Developed and launched green finance initiatives (ESG mandates, funds, etc.)
- Implemented various measures to reduce environmental impact (paper reduction, waste management, energy efficiency, etc.)
Supply Chain Management
Responsible Procurement
- Energy performance criteria are analyzed when choosing equipment
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Indosuez Objectif Terre fund
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:8978 tCO2e (France, 2022)
ESG Focus Areas
- Climate Change
- Social Inclusion
- Sustainable Finance
- Employee Well-being
- Corporate Philanthropy
Environmental Achievements
- 50% reduction in Indosuez Group electricity consumption between 2019 and 2023.
- 19% reduction in air travel between 2019 and 2023.
- 74% of funds managed in the European Union are covered by Art. 8 or Art. 9 SFDR.
Social Achievements
- 88% employee participation in yearly engagement survey, with 77% positive response rate.
- 28 days of paternity leave in all regions.
- Indosuez in Spain certified as Great Place to Work.
- 290 youth contracts.
- 40% women in management bodies by 31.12.2023.
- 23 training hours per year for each employee.
- Almost 2M€ invested in 74 philanthropic projects.
Governance Achievements
- Creation of a Societal Project Department in 2020.
- CSR is an integral part of the governance of the Group’s various entities.
Climate Goals & Targets
Environmental Challenges
- Reducing greenhouse gas emissions from investments and operations.
- Managing the environmental impact of financing portfolio.
Mitigation Strategies
- Shifting investment offerings towards more environmentally friendly options.
- Implementing a divestment policy on coal-related activities.
- Incorporating environmental criteria when granting loans.
- Reducing digital footprint, energy consumption of buildings, and staff travel.
Supply Chain Management
Climate-Related Risks & Opportunities
UN Sustainable Development Goals
- 11 of the 17 UN SDGs