Environmental and human rights governance
The Group Executive Board is responsible for UBS's environmental policy and nominates a Group Environmental Representative, who is UBS's senior level representative for environmental issues.
This function is currently held by Philip Lofts, the Group Chief Risk Officer.
The Global Environmental & Social Risk Committee addresses transactional and policy matters relating to environmental and social (including human rights) risks and associated reputational risks. The Group Environmental Representative is the Chair of the Committee which includes five Group Executive Board members. The Environmental & Human Rights Committee, which consists of senior environmental representatives drawn from each business division, oversees operational execution of UBS's environmental policy and of the UBS statement on human rights.
Both committees are supported by the Environmental & Social Risk unit within Group Risk Control which acts as Secretary and oversees the independent control of environmental and human rights risks. Environmental representatives of the business divisions are supported by program managers. They oversee day-to-day execution of the environmental policy's principles on risk management and business opportunities (business divisions) and management of UBS's impact on the environment from its in-house operations and supply chain (Corporate Center).
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