UBS at the forefront of corporate efforts to reduce carbon emissions
UBS is featured in the Carbon Disclosure Project's Carbon Performance Leadership Index (CPLI) for 2010. The Carbon Disclosure Project (CDP) is an independent not-for-profit organization holding the largest database of primary corporate climate change information in the world. UBS is a founding member of the CDP which issues annual climate change information requests on behalf of institutional investors to more than 3,700 corporations across the globe. By doing so, the CDP encourages organizations to measure, manage and reduce emissions and climate change impact.
The CPLI comprises 48 companies within the FTSE Global Equity Index Series (Global 500) that have demonstrated commitment to strategy, governance, stakeholder communications, and above all, emissions reduction in their disclosures to the CDP. The companies featured in the CPLI have the distinction of having the leading carbon performance scores among all the Global 500 companies, indicating both high degrees of maturity in their climate change initiatives and achievement of their objectives.
UBS's inclusion in the CPLI reflects the success of its climate change strategy, launched in 2006. By offering relevant products and services across businesses, UBS aims to help clients address risks and take advantage of opportunities presented by climate change and the expected transition to a lower carbon economy. 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 set a target to reduce the firm's carbon emissions in 2012 by 40% from 2004 levels. UBS continued to make good progress towards achieving this target, reducing its 2009 emissions by 31% compared with 2004 levels.
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