Sustainability Report 2022
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5<br />
RESPONSIBLE CORPORATE GOVERNANCE<br />
VZ Holding Ltd has been listed on the SIX Swiss Exchange since 2007 and is supervised<br />
by the Swiss Financial Market Supervisory Authority (Finma). This ensures that we comply<br />
with all regulatory requirements, laws, regulations and best practices. The following<br />
sections focus on the topics that are particularly relevant for financial service providers in<br />
terms of responsible corporate governance.<br />
5.1 Stable and low-risk business model<br />
A solid financial foundation is the core of responsible corporate governance. Our business<br />
model is geared towards stability, the long term and thus sustainability, without shortterm<br />
profit maximisation. For almost 30 years, VZ Group has recorded stable, organic<br />
revenue and profit growth.<br />
VZ Group’s revenues<br />
and profit since its<br />
foundation in 1993<br />
Revenue in CHF Mio. 1<br />
400<br />
350<br />
300<br />
250<br />
200<br />
150<br />
100<br />
50<br />
0<br />
93<br />
95<br />
97<br />
99<br />
01<br />
03<br />
05<br />
07<br />
09<br />
11<br />
13<br />
15<br />
17<br />
19<br />
21<br />
Net profit in CHF Mio. 1<br />
400<br />
350<br />
300<br />
250<br />
200<br />
150<br />
100<br />
50<br />
0<br />
93<br />
95<br />
97<br />
99<br />
01<br />
03<br />
05<br />
07<br />
09<br />
11<br />
13<br />
15<br />
17<br />
19<br />
21<br />
1 1993–2003 according to Swiss GAAP, from 2004 according to IFRS<br />
We have always limited ourselves to the onshore business. This decision reduces our risks<br />
and saves us, for example, from the disputes over untaxed assets with the EU and the USA,<br />
which brought many Swiss banks into distress.<br />
20 <strong>Sustainability</strong> report <strong>2022</strong>
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