Advancing sustainability in the financial sector

UBS's key activities

Advancing sustainability in the financial sector – UBS’s key activities in 2019

Initiative

Initiative

Focus topic

Focus topic

Role / activity of UBS

Role / activity of UBS

Key outcome of initiative in 2019

Key outcome of initiative in 2019

Initiative

Principles for Responsible Banking (PRB)

Focus topic

Sustainable finance

Role / activity of UBS

Founding signatory of the PRB

Key outcome of initiative in 2019

Active input to the consultation process and participation at PRB launch event

Initiative

Financial Stability Board Task Force on Climate-related Financial Disclosures (TCFD)

Focus topic

Climate change

Role / activity of UBS

Member of TCFD and aligning of UBS disclosure with TCFD recommendations

Key outcome of initiative in 2019

Continued development and implementation of TCFD

Initiative

UN Environment Programme Finance Initiative (UNEP FI)

Focus topic

Climate change

Role / activity of UBS

Collaborates in developing approaches to help banks disclose their exposures to climate- related risks and opportunities, as envisioned by the TCFD

Key outcome of initiative in 2019

Launched second phase working group to expand risk and opportunity assessment methodologies, climate scenarios, and related data and tools, building on previous efforts disclosed in two publicly available reports

Initiative

EnergyCom

Focus topic

Climate change

Role / activity of UBS

Premium partner

Key outcome of initiative in 2019

Key annual Swiss SME event on climate and energy topics

Initiative

Climate Action 100+

Focus topic

Stewardship / climate change

Role / activity of UBS

Directly involved in 30 coalitions of investors and engagement lead on seven coalition dialogues

Key outcome of initiative in 2019

Engagement resulted in strengthened climate change commitments from some of the world’s largest energy producers

Initiative

Institutional Investors Group on Climate Change

Focus topic

Climate change

Role / activity of UBS

Participant and stream lead

Key outcome of initiative in 2019

Chairing working group dedicated to exploring the alignment of portfolios to the goals of the Paris Agreement

Initiative

Circular Economy Incubator (Impact Hub)

Focus topic

Responsible production

Role / activity of UBS

Premium partner. In addition, we support Swiss start-ups in developing innovative business models which follow the idea of a circular economy (resell and reuse, repair and refurbish).

Key outcome of initiative in 2019

Incubator for Swiss sustainable start-ups

Initiative

Paris Agreement Capital Transition Assessment (PACTA)

Focus topic

Climate change

Role / activity of UBS

One of 17 banks pilot-testing and shaping the development of the methodology

Key outcome of initiative in 2019

First assessment on the alignment of corporate lending portfolios with the Paris Agreement benchmarks completed

Initiative

Natural Capital Finance Alliance

Focus topic

Natural capital

Role / activity of UBS

Participant in various work streams

Key outcome of initiative in 2019

Continued participation in advisory committee for the second stage of the project tool ENCORE (Exploring Natural Capital Opportunities, Risks and Exposure)

Initiative

Swiss Sustainable Finance (SSF)

Focus topic

Sustainable finance

Role / activity of UBS

Member of SSF board

Key outcome of initiative in 2019

Events and projects to promote sustainable finance in Switzerland

Initiative

Association for Environmental Management and Sustainability in Financial Institutions (VfU)

Focus topic

Sustainable finance

Role / activity of UBS

Member of VfU board

Key outcome of initiative in 2019

Events and projects to advance sustainable finance in Germany, Austria and Switzerland

Initiative

Thun Group of Banks

Focus topic

Human rights

Role / activity of UBS

Convener of Group

Key outcome of initiative in 2019

Thun Group input to OECD Responsible Business Conduct (RBC) guidance

Initiative

Organisation for Economic Co- operation and Development (OECD)

Focus topic

Due diligence

Role / activity of UBS

Member of advisory group of OECD Responsible Business Conduct (RBC) project

Key outcome of initiative in 2019

Launch of OECD guidance on Due Diligence for Responsible Corporate Lending and Securities Underwriting

Initiative

Belt and Road Green Investment Principles (GIP)

Focus topic

Climate change and sustainable finance

Role / activity of UBS

Signatory to the GIP

Key outcome of initiative in 2019

Participation at the first GIP Plenary meeting

Initiative

Institute of International Finance (IIF) Sustainable Finance Working Group (SFWG)

Focus topic

Sustainability standards and regulation

Role / activity of UBS

Member of IIF SFWG and lead on policy and regulatory engagement

Key outcome of initiative in 2019

Best practices on TCFD, proposal to simplify SI taxonomy, greening infrastructure, and continued input to other initiatives including EC TEG

Initiative

Global Impact Investing Network

Focus topic

Sustainable finance

Role / activity of UBS

Member of Investor Council

Key outcome of initiative in 2019

Regular dialogue and event presentations

Initiative

IFC Operating Principles for Impact Management

Focus topic

Sustainable finance

Role / activity of UBS

Founding signatory, Advisory Board member

Key outcome of initiative in 2019

Launch and publication of Principles, led by World Bank's IFC

Initiative

Impact Management Project (IMP)

Focus topic

Sustainable finance

Role / activity of UBS

Project partner

Key outcome of initiative in 2019

Integration of IMP conventions into diligence and investment approach

Initiative

PRI (Principles for Responsible Investment)

Focus topic

Sustainable finance

Role / activity of UBS

Various, including members of SDG Advisory Committee

Key outcome of initiative in 2019

Proposals on how to measure SDGs for corporations

Initiative

Global Research Alliance for Sustainable Finance and Investment (GRAFSI)

Focus topic

Sustainable finance

Role / activity of UBS

Sponsor

Key outcome of initiative in 2019

Advance theoretical understanding of SI / ESG integration

Initiative

UBS ESG and Sustainability Symposium

Focus topic

Sustainable finance and investing

Role / activity of UBS

Organizer

Key outcome of initiative in 2019

One-day conference around the key issues the financial markets are navigating, including academic panel (in collaboration with GRAFSI)

Initiative

UBS Conferences, e.g., European Conference, Greater China Conference

Focus topic

Various

Role / activity of UBS

Organizer

Key outcome of initiative in 2019

Variety of panels on sustainable finance, climate risk, energy transition, etc.