Sustainability is central to our culture
Bellevue’s distinctive profile is shaped by its core values – independent, entrepreneurial and committed. They lay the foundation for the sustainable, responsible and values-driven business practices that guide our employees every day and they are absolutely essential for creating long-term value for our stakeholders.
Based on these core values, we have established clearly defined, transparent ESG policies and corresponding investment guidelines that integrate binding environmental, social and governance aspects into our standards and conduct. This ESG Report provides detailed information about how we implement ESG measures at the company and product level.
At the company level, we measured Bellevue’s carbon footprint for the first time in 2021. Business travel, commuting, heating and electricity are the main sources of our carbon emissions. We have introduced eco-friendly measures in all these areas. For example, video conferences are now a prioritized form of communication; we provide employees with free travel cards to encourage them to commute by public transport; and we use lake water to cool or heat our company headquarters in Küsnacht. Having offset its carbon emissions by supporting top-quality climate projects in Switzerland, Bellevue was a certified climate neutral company in 2021. Our 2030 climate strategy includes a pledge to reduce our carbon emissions per employee by 30%.
With regard to corporate social practices, we conducted a multi-site staff salary study that confirmed our equal pay policy. Furthermore, women accounted for 30% of the workforce as at December 31, 2021, 22% of all employees worked part-time, and a total of 15 nationalities were employed representing a wide diversity of countries, cultures and languages. We are very pleased with the low employee turnover (2.9%) and the particularly high levels of employee identification that have distinguished our company for years – in the knowledge that, ultimately, it is our employees who create value for our clients and shareholders.
Already in 2018, we launched the Bellevue Sustainable Healthcare Fund, a dedicated ESG strategy.
Our Group has embraced sustainability at the portfolio level for years. Already in 2018, we launched the Bellevue Sustainable Healthcare Fund, a dedicated ESG strategy. In the year under review, we launched the Bellevue Sustainable Entrepreneur Europe Fund, our second sustainability fund managed in accordance with internationally recognized ESG quality standards. Within the scope of our ESG integration approach, strict exclusion criteria are applied and environmental, social and governance factors are an integral part of our fundamental research and analysis across all portfolios and funds. At the same time, our experts strive to build climate-friendly portfolios and they maintain an active and constructive dialog on ESG aspects with company executives and relevant stakeholders.
We are committed to the UN Principles for Responsible Investment (UN PRI) and continuously adapt our ESG investment guidelines to meet the latest requirements.
Sustainable and responsible business practices are indispensable to enable us to deliver on our promise to create lasting value for clients, shareholders and employees alike.
Veit de Maddalena
Chairman of the Board of Directors
Chief Executive Officer