Driving our sustainability impact
The goods and services we buy, how, from where and from whom we buy them are all crucial elements of our sustainability impact. This is why we’ve embedded Environmental, Social and Governance (ESG) practices into our sourcing and procurement activities. We’re committed to making a positive environmental and social impact and we expect the same from our suppliers.
Our sustainability and climate risk policy framework is applied Group-wide to relevant activities, including client and supplier relationships. We’ve identified certain controversial activities we won’t engage in, and certain areas of concern where we’ll only engage in under stringent criteria. We have also set standards for supply chain management decisions with our firm-wide Responsible Supply Chain Management (RSCM) framework. The RSCM framework is based on identifying, assessing and monitoring vendor practices in the areas of human and labor rights, the environment and nature, health and safety and anticorruption.
Responsible Supply Chain Management
Responsible Supply Chain Management
Our firm-wide Responsible Supply Chain Management (RSCM) framework is a key component of our procurement activities with suppliers that provide goods or services to UBS through our sourcing and procurement processes and that are managed within our vendor framework. The framework defines how UBS identifies, assesses, and monitors supplier practices across key areas of human and labor rights, environment and nature, health and safety, and anti-corruption.
Central to the RSCM framework is our Responsible Supply Chain Management Policy, which is contractually binding for our direct suppliers. Recognizing the diverse legal, competitive and cultural environments in which UBS suppliers operate globally, the RSCM Policy serves as a benchmark for evaluating their sustainable practices. They are required to disclose their management practices and provide supporting evidence.
The RSCM framework and policy do not apply to certain regulated service-providers that are managed outside UBS’s vendor framework, such as post-trade providers, fund service providers, brokers, trading venues (exchanges). These relationships may be subject to separate UBS policies, controls, due diligence processes, or regulatory requirements, as applicable.
Managing our climate impact
We’re unlocking the power of our supply chain to drive positive environmental action. We engage with our suppliers on climate disclosures to create transparency and commitment towards the reduction of greenhouse gas emissions (GHG) in our supply chain.
Vendor climate disclosure
Vendor climate disclosure
We invite our suppliers to join us on our climate journey by disclosing their climate information. Comprehensive climate data empowers us to evaluate climate risks and opportunities, identify areas for improvement, and strengthen resilience across our global supply chain. Through greater transparency and collaboration, we can drive meaningful climate action, create long-term business value, and advance our shared commitment to a sustainable, low-carbon future.
To support this effort, our Climate Disclosure Guideline for vendors sets out key focus areas and best practices for climate disclosure, including GHG emissions reporting, target setting, emissions reduction, and climate risk management. By enhancing transparency and fostering alignment with our sustainability strategy, the guideline enables suppliers to contribute to a more resilient, low-carbon supply chain. We conduct regular webinars and provide practical guidance to help suppliers navigate the disclosure process, strengthen their climate reporting capabilities, and accelerate climate action.
Supplier Code of Conduct
Our UBS Supplier Code of Conduct (the Supplier Code) sets out the expectations for our suppliers to support our sustainability priorities, embody positive environmental, social and governance practices in their operations and supply chain and operate according to the highest standards of business conduct, integrity and adherence to the law as well as our global supplier policies, including our global supplier policy on anti-bribery and corruption, sanctions, fraud, and anti-facilitation of tax evasion. The subcontractors of our suppliers are expected to meet the relevant standards as well.
If you identify or suspect any misconduct that may have an actual or potential negative social or environmental impact, or impact on our stakeholders, please report this to uson misconduct. Concerns can be raised without fear of reprisal.
Inclusive Supply Chain
As a leading global financial services firm, we are committed to fostering a diverse and resilient supply chain by engaging a broad range of qualified businesses. We welcome participation from companies that meet recognized certification standards. Our approach is grounded in principles of equal opportunity, transparency, and merit-based evaluation.
