Swiss private bank, Sarasin, has extended its sustainability program across its asset management business, IPE reports. Previously, the firm’s business was organized by investment style and had two separate units in place, quantitative and sustainable. The firm has started combining certain products into a more sustainable offering, including its U.S. equity quant fund with the U.S. sustainable equity fund.

The bank aims to use its expertise in sustainable investing to integrate environmental, social and governance (ESG) criteria into the wider decision-making process as a means of prudent risk management. Two-thirds of the firm’s Swiss asset management bond holdings can already be classed as sustainable and to complete the transformation, the bank will not sell bonds with less than 12 months duration.

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