Making our Mark on society in the UK
UBS has been awarded CommunityMark accreditation, the UK national standard that recognizes leadership and excellence in community investment.
The Business in the Community (BITC) CommunityMark accreditation is the highest achievement for businesses who can demonstrate how they maximize positive and minimize negative community impacts by prioritizing those most relevant to their business.
The assessment focused on our Community Affairs activity, but went far beyond that, evaluating UBS's wider societal impact. The questions ranged from how UBS supports volunteers in London, to how the firm makes global investment decisions in 'controversial industries'. The answers were corroborated by feedback from over 700 employees and interviews with a range of community stakeholders.
In their feedback, BITC praised the senior leadership team for their commitment to responsible business practice, demonstrated by the initiatives led by Axel Weber and Sergio Ermotti such as the principles and behaviors program and the Employee Volunteering Awards.
UBS reporting has already been well recognized for its transparency, comprehensiveness and clarity and was again commended here (with a 100% score).
Finally, BITC noted the overwhelmingly positive feedback from our community stakeholders. The accreditation was presented to Nick Wright, Head of Community Affairs EMEA, on July 8 at the BITC Annual Responsible Business gala dinner hosted by HRH the Prince of Wales and his sons TRH The Duke of Cambridge and Prince Harry.
"This accreditation recognizes the transformative effects of our Community Affairs activity and the wider social impact of our whole business," said Nick Wright. "The support we received from the Corporate Responsibility Management team in Zurich was crucial to achieving this accreditation."
"It is a proud moment for UBS and demonstrates our joint approach to responsible business" commented Christian Leitz, Head, Corporate Responsibility Management.
Speaking about his sons, who accompanied him to the awards for the first time, Prince Charles said "I hope they will be as inspired as I always am at seeing how responsible businesses are delivering solutions to the hugely challenging and intractable issues facing our society."
UBS is delighted to receive two additional awards
The first was a Big Tick award for UBS's partnership with the Bridge Academy with the award assessors noting the program's longevity and significant and focused impact.
The second - London Employee Volunteering Business of the Year - was also especially pleasing as UBS won this award last year. Rob Devey, Chief Executive of Towry and Chair of the BITC London Advisory Board, presented the award commenting that this wasn’t just about the financial investment UBS makes but about its leadership and vision. In particular, he noted the contribution of Richard Hardie, Non-Executive Chair of UBS Ltd and a member of Business in the Community's London Leadership Team.
From the assessors' feedback report "The assessors appraised this entry with a “Wow!”. They felt it was really comprehensive, and a very well managed program delivering huge value and having a positive impact on the local community. The assessors could see clearly defined measurable objectives and KPIs with a strong alignment with the core business strategy, and they were pleased to see the focus on UBS values. They felt the key aims for education and entrepreneurship were developed very well."