Benefiting clients and communities - UBS makes progress on integrating societal and financial performance25/03/2015
View Full Report
"Corporate responsibility and sustainability is of crucial importance to UBS today, and will be even more important in future. I believe that our continued work in this area means that we will be even better positioned to provide an industry leading and integrated range of sustainable investing products and services for our clients while, at the same time, delivering on our wider commitments as a good corporate citizen. And, ultimately, we aim to make sustainability the every-day standard throughout our firm." Axel A. Weber, Chairman of UBS and Chair of the UBS Corporate Culture and Responsibility Committee
For the 14th year in succession UBS has incorporated information on its corporate responsibility and sustainability strategy and performance in its Annual Report. Key information is also included in the letter to shareholders from UBS Chairman Axel A. Weber and Group Chief Executive Officer Sergio P. Ermotti.
At the heart of UBS's reporting is the firm's commitment to UBS and Society. This cross-divisional initiative, launched in 2014, encompasses all of the firm's activities and capabilities in sustainable investing and philanthropy, as well as its community interaction. The initiative supports the development of a dedicated, industry-leading platform designed to provide clients with comprehensive research, advisory and product capabilities in sustainable investments and philanthropy. UBS aims to channel a growing portion of investable client assets through innovative financial mechanisms to address societal challenges. As of 31 December 2014, sustainable investments increased to CHF 586bn (from CHF 546bn at the end of 2013), representing 21.4% of UBS's total invested assets.
Other key activities and achievements in 2014
- publication of UBS's comprehensive environmental & social risk policy framework (including the firms' industry-leading environmental and social risk screening process, with over 1,800 assessments conducted by UBS's environmental and social risk unit in 2014)
- 51% total reduction of UBS's greenhouse gas emissions from baseline year 2004
- eight real estate funds top-ranked (”green star”), and four ranked “sector leader” by the 2014 Global Real Estate Sustainability Benchmark
- CHF 27.2m of direct cash donations to non-profit partner organizations and charities, and an additional spend of CHF 14.1m on the UBS Education Initiative
- 12,428 employees spent 103,500 hours volunteering, an increase of 17% and 14%, respectively, compared with 2013
- included in the “The A List: The CDP Climate Performance Leadership Index 2014” for the firm's efforts in reducing carbon emissions and mitigating the business risks of climate change
Caroline Anstey, Global Head UBS and Society:
"We're seeing increased demand for the integration of sustainability into our business and our product mix from our clients. And that demand will only grow. So I think the main change you'll see is that sustainability becomes mainstreamed across the business – as core to who we are and what we do at UBS."
UBS's 2014 corporate responsibility and sustainability disclosure has been reviewed by Ernst & Young Ltd (EY) against the GRI Sustainability Reporting Guidelines. The content has been prepared in accordance with the comprehensive option of GRI G4 as evidenced in the EY assurance report.
Contact UBS's Corporate Responsibility team for more information: email@example.com
View Full Report