The renowned Swiss bank, Julius Baer Group Ltd., updated its financial goals and climate strategy on Monday. The bank forecasts an annual growth rate of more than 10 percent in its adjusted pre-tax profits for the years 2023 to 2025.
In its financial targets for this period, Julius Baer anticipates achieving an adjusted pre-tax margin between 28 to 31 basis points by 2025. Alongside this, the bank aims to maintain an adjusted cost-to-income ratio below 64 percent by the same year.
Furthermore, the bank anticipates an adjusted return on CET1 capital of at least 30 percent throughout the 2023 to 2025 cycle.
On the environmental front, Julius Baer has launched an ambitious climate strategy. The bank has set a goal to reach net-zero emissions by 2050. The strategy encompasses intermediate targets and involves the decarbonisation of its treasury and proprietary portfolios.
In the long run, Julius Baer is firmly committed to achieving net zero emissions across all its treasury, lending, and mortgage assets by 2050. It also aims to neutralize operational emissions by 2030.
In their 2023 sustainability report, the bank outlines near-term targets which have been approved by the Science Based Targets initiative (SBTi). This assurance certifies the bank's emission reduction efforts are in alignment with the objectives of the Paris Agreement.
Furthering their commitment to the environment, Julius Baer also supports two long-term reforestation projects in Indonesia and Panama.
