UBS no longer part of DJSI World index
While highly ranked in other sustainability indices such as the Carbon Disclosure Project (CDP) and the FTSE4Good, UBS has been removed from Dow Jones Sustainability Index World (DJSI World).
UBS had been included in the DJSI World since the launch of the index. In 2011 its overall assessment rose to 76 points (compared to the sector average of 53). However, in 2012 the benchmark was higher. Although UBS maintained its score, it belongs to the 41 companies which did not make it into the index this year.
At the same time, UBS has just been ranked among the top 10 companies globally and best bank by the CDP. We also received a top ranking in the FTSE4Good with an index rating of 99 of 100 points.
Light in the index jungle
So which indices are important? And can they be trusted? Think-tank and consultancy firms SustainAbility and GlobeScan recently carried out a worldwide survey on just this issue amongst sustainability experts. According to this survey by the “Rate the Raters” project (supported by UBS), experts trust NGOs and rating agencies most when judging a company's sustainability performance. The most trustworthy ratings named were the CDP, the FTSE4Good Index Series and the Dow Jones Sustainability Index, together with Oekom Corporate Ratings, which is mainly known in German-speaking countries. According to this survey, the most important considerations for trustworthiness are the objectivity of data sources and disclosure of rating methodologies.