Addressing Climate Change

By offering relevant products and services across businesses, UBS seeks to help clients address risks and take advantage of opportunities presented by climate change and the expected transition to a lower carbon economy. With this in mind, UBS continued in 2008 to expand its offering of climate change-related products and services and to publish dedicated research reports.

In addition, UBS seeks to lead by example by acting to reduce its own environmental impact. To this end, in 2006 the Group Executive Board (GEB) set a target to reduce the firm's carbon emissions in 2012 by 40% from 2004 levels. UBS continued in 2008 to make good progress towards achieving this target and reduced its 2008 emissions by 27% compared with 2004.

Submission to the Carbon Disclosure Project

UBS is an original signatory of the Carbon Disclosure Project (CDP). The CDP issues annual climate change Information Requests on behalf of institutional investors to more than 3.700 corporations across the globe. By doing this the CDP wants to encourage organisations to measure, manage and reduce emissions and climate change impacts.

As one of the 3.700 corporations receiving the CDP Information Request, UBS also annually responds to the questionnaire.