At UBS, sustainability means thinking and acting with the long term in mind. Our promise is to continue doing just that – in the products we develop and the advice we offer, in the way we conduct our own business, and in how we interact with the larger world.
With our unique business model and our unparalleled client base, we can convene a powerful ecosystem that delivers impact while also leveraging ideas, capabilities and influence – and by addressing inequalities at their root cause. That’s why our commitment to sustainability is central to our purpose, and integral to everything we do. For us, it’s all about making an impact, so we focus our efforts on the planet, people and partnerships.
Our client commitment remains unchanged: We want to be the financial provider of choice for clients who wish to mobilize capital towards the achievement of the 17 Sustainable Development Goals and the orderly transition to a low-carbon economy.
Our Net Zero statement sets out our ambitions. We’re setting tougher environmental standards and will develop a detailed road map to take us to net-zero carbon emissions by 2050 across all our operations. As a founding member of the Net Zero Banking Alliance and Net Zero Asset Manager initiative, we’ll partner with peers to identify the fastest and most effective routes towards a net-zero global economy. We’ll work to raise awareness among our clients about the risks and opportunities surrounding climate and help them to mobilize their capital in the transition to a low-carbon economy.
We want to help create a fairer, more prosperous society and will sharpen the focus of our philanthropy and community activities on health and education, in particular, to address inequalities at their root. There are two concrete goals we want to reach by 2025. We aim to raise USD 1 billion in donations to our client philanthropy foundations and funds, with the goal to reach 25 million people. And we want to support one million people in learning and developing skills for employment and entrepreneurship through our community engagement activities.
By calling on other large investors, our clients, peers and standard setters as well as our communities and our own employees to work together, we can achieve a real impact on a truly global scale.
Sustainability is high on our clients’ agendas and we want to help them on this journey.
Suni Harford, Group Executive Board sponsor for Sustainability and Impact and President Asset Management