Environmental and human rights governance

The Group Executive Board is responsible for UBS's environmental policy and nominates a Group Environmental Representative, who is UBS's senior level representative for environmental issues. This function is currently held by Philip Lofts, the firm's Chief Risk Officer. The business divisions also nominate Divisional Environmental Representatives, who are responsible for the implementation of the policy within their business division.

These Group and Divisional Environmental Representatives, as well as other senior executives, form an Environmental & Human Rights Committee that is tasked with overseeing the adoption of UBS’s environmental policy and providing guidance to the different business divisions in their adoption of the UBS Statement on Human Rights. The Committee guides UBS's strategy in those areas, defines Group priorities and objectives to be submitted to the Group Executive Board for approval, and oversees their execution in the business divisions.

The Environmental & Human Rights Committee is supported by the Group Environmental Risk & Policy unit, which acts as Secretary to the Committee. The Divisional Environmental Representatives are supported by Program Managers who oversee day-to-day execution and performance.

_{*  Delegated to oversee operational implementation and performance across all areas of the division
** Delegated to oversee global in-house ecology model (across divisions and regions)}

Regarding day-to-day execution, each Business Division has allocated appropriate resources – in stand-alone units or embedded in other functions – to address environmental issues arising in risk management and market opportunities. In-house ecology and supply chain issues are overseen across Business Divisions by a Global Ecology Unit.

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