Environmental Organization

The Group Executive Board is responsible for UBS's environmental policy and nominates a Group Environmental Representative to guide UBS’s environmental strategy and raise relevant environmental concerns with the Corporate Responsibility Committee. This function is currently held by Marco Suter, Chief Financial Officer of UBS and a member of the Corporate Responsibility Committee.

Each business group also nominates a representative, and together with the Group Representative, they form the committee that oversees the implementation of UBS's environmental policy. The committee also provides guidance to the different business groups in their implementation of "UBS’s Statement on Human Rights". It is chaired by the Group Chief Credit Officer and is supported by coordinators and functional units across the business groups.

The Group Environmental Policy Unit is located within the Corporate Center. It co-ordinates the implementation of the Environmental Policy, updates the Group Environmental Representative on progress made, and prepares submission of strategic objectives to the Group Executive Board. It engages with the Business Groups to maximize synergies and best practice across the firm.

Investment Bank

Risk management: the Environmental Advisory Group works with the relevant business and control functions to assess risks, determine any mitigating measures and direct further due diligence, as required, so that the relevant senior business committee may fully consider the potential environmental risk in the course of its review of a transaction and/or client.

Market opportunities: the Investment Bank offers clients a range of environmental products and services. The SRI Research team produces original sell-side equity research and regularly holds conferences and webcasts on timely SRI topics and the equities division have developed indexes and structured products linked to climate change and alternative energy. As an active participant in the emissions trading markets, the Investment Bank provides solutions for clients in the carbon trading area and the fixed income division and investment banking department provide a range of financing and advisory services to renewable energy companies

In-house ecology: the Global Ecology unit establishes and maintains the environmental management system in terms of in-house ecology at major locations across all Business Groups.

Global Asset Management

Risk management: the Environment Coordinator works with the relevant business and control functions to maintain risk awareness and a framework of risk identification and assessment with regard to potential environmental exposure.

Market opportunities: the Socially Responsible Investments (SRI) unit conducts research and analysis on investment risks and opportunities arising from social, environmental and corporate governance challenges. This research is both employed within the portfolio of UBS SRI products, as a further input for financial analysis and as a basis for dialogue with companies on social, environmental and governance risks.

In-house ecology: the Global Ecology unit establishes and maintains the environmental management system in terms of in-house ecology at major locations across all Business Groups.

Global Wealth Management & Business Banking

Risk management: Ecofact AG, a consultancy, is the Competence Center Environmental Risk for Wealth Management & Business Banking. Services of this unit cover the development of risk assessment procedures, training of employees, in-depth assessments of transactions involving significant environmental risk and the maintenance of the environmental management system dealing with risk issues.

Market opportunities: the business area Products & Services leads initiatives to explore and exploit environmental market opportunities. An SRI Competence Center advises clients and publishes in-depth studies of emerging socio-economic and environmental trends by assessing their potential impact on investment markets.

In-house ecology: the Global Ecology unit establishes and maintains the environmental management system in terms of in-house ecology at major locations across all Business Groups.

Education & Development: this function is responsible for environmental awareness raising.

Corporate Center

In-house ecology: The IT Infrastructure Office for Environmental Management coordinates the environmental initiatives for IT infrastructure worldwide, which include environmental assessments in procurement processes, energy efficiency during operation, and electronic waste management at the end of the lifecycle.

Group Real Estate sets world-wide energy efficiency standards in the fields of building operation and energy-relevant building components and coordinates reporting of energy efficiency measures.