Corporate responsibility

UBS's commitment

Active advancement of corporate responsibility:

– participation in the UN Global Compact Initiative since its inception;

– founding member of the Carbon Disclosure Project; and

– founding financial partner of the Energy Efficiency Building Retrofit Program (a project of the Clinton Climate Initiative).

Prevention of financial crime: a founding member of the Wolfsberg Group, UBS maintains an effective risk-based approach to anti-money laundering.

Established environmental management: ISO 14001 certified for its environmental management system since 1999, UBS set a Group-wide CO2 emission reduction target in 2006, of a 40% reduction of 2004 levels by 2012.

Respect of human rights: UBS adopted its own statement on human rights in 2006 – a clear indication that the firm recognizes the significance of promoting and respecting human rights in its sphere of influence.

Assisting local communities: the firm has established partnerships in the communities where it does business, focusing on the key themes of "Empowerment through education" and "Building a stronger community".

Milestones 2007

Socially responsible investments (SRI): SRI invested assets increased by 116% (to CHF 38.9 billion) in 2007. UBS launched new SRI products in Japan and Taiwan and launched strategy certificates for climate change, water and demographics.

Climate change: UBS reduced its own CO2 emissions by 22% from 2004, provided financial and advisory services to companies in renewable energy sectors, published major research reports on the impacts of climate change on companies and sectors and launched the UBS Global Warming Index and the UBS Greenhouse Index.

Wolfsberg Group's statement against corruption: UBS actively participated in the drafting and release of this statement, which clarifies the link between financial institutions and international corruption fighting efforts and outlines ways financial institutions can prevent both corruption and the misuse of their operations in relation to corruption.

More than CHF 46 million contributed to charitable causes around the globe: nearly 8,000 employees spent over 80,000 hours in volunteering services.