According to the fifth Swiss Sustainable Investment Market Study, prepared by Swiss Sustainable Finance (SSF), the market for sustainable investments (SI) in Switzerland continued its growth story in 2021: SI volumes increased by 30 % to CHF 1,982.7
billion. These outcomes again underline the progressive mainstreaming of sustainable investments in Switzerland.
The "EY Banking Barometer 2023" conducted by Ernst & Young underlines that Swiss banks show resilience despite a turbulent fiscal year 2022 and are now at a turning point: "Due to the turnaround in interest rates, banks expect higher margins in the longer term and are therefore optimistic about the future". According to the 100 banks polled for this study, the war in Ukraine, high energy prices, problems with supply chains, the rise in inflation and the accompanying interest rate hikes have kept them very busy in 2022. In view of the uncertain situation, the focus in 2023 is on cost efficiency, talent management and sustainability.
Created in 1991 by the 80 banks that were members of the Geneva stock exchange, the Geneva Financial Center (GFC) is the umbrella association of the financial sector. The financial sector generates 35,600 jobs and accounts for 12% of Geneva's GDP. It is based on three main pillars: private and institutional wealth management, commodity trade financing, and commercial and retail banking. With the presence of activities such as marine freight and inspection, Geneva has emerged as an economic cluster with a unique concentration of skills. The central mission of the Geneva Financial Center is to support this value chain and to contribute to the development of an optimal business environment for all financial center partners.
