Sustainable assets rise to 30% of managed mandates at Swiss private bank Sarasin (amended)

Basle-based Sarasin now has €10.5bn in sustainable assets

Swiss private bank Sarasin & Cie AG says 30% of its managed mandates exclusive advisory are now managed sustainably (amended to clarify AUM figure).

“During the reporting period the value of assets managed sustainably by the Sarasin Group amounted to CHF13.4bn (€10.5bn) on 31 December 2010,” Sarasin said in its 2010 report released today. The figure compares with CHF11.9bn at the end of 2009.
Its sustainable investment team consists of 50 employees.
Sustainable fund launches in 2010 included a global emerging markets equity fund in March and a USequity fund in October. It also issued a series of tracker certificates on sustainable themes.
The bank’s total assets under management rose to CHF103.4bn. Overall, Sarasin posted a group operating profit of CHF 124.5m.
The annual report states that Sarasin extended its sustainability committee, chaired by asset management chief Burkhard Varnholt, globally. It also set up a sustainability council headed by CFO Thomas Mueller.
Its previous environmental and social policies have been replaced with a new bank-wide sustainability policy.
Earlier this month, Responsible Investor reported that Sarasin & Partners LLP, the bank’s UK arm, is to disclose how it has voted at company annual general meetings.