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.
We apply a sustainability and climate risk policy framework to all our activities and have set standards for supply chain management decisions. 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.
Responsible Supply Chain Management Policy
Responsible Supply Chain Management Policy
Our firm-wide Responsible Supply Chain Management (RSCM) framework is a key component of our procurement activities. The framework is based on identifying, assessing and monitoring vendor practices in the areas of human and labor rights, environment and nature, health and safety, and anti-corruption.
Central to our RSCM framework is our Responsible Supply Chain Management Policy, to which our direct suppliers are bound by contract. Recognizing that there are different legal, competitive and cultural environments in which UBS's suppliers operate throughout the world, the RSCM Policy serves as a benchmark for assessing sustainable practices of our suppliers.
Our high-impact vendors, who are identified when establishing new contracts or renewals, are assessed against our RSCM Policy. They are required to provide disclosures about their management practices along with corresponding evidence.
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 through CDP, a non-profit, global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. Participation in the CDP Supply Chain program enables us to better understand the environmental impact across our upstream value chain and strengthens our collective transition to a low-carbon economy and a sustainable future.
To support this, our Climate Disclosure Guideline for vendors outlines the key guidance for suppliers in providing transparency on their greenhouse gas data, climate target setting, emissions reduction, and climate risk management. The guideline helps suppliers understand and align with our sustainability strategy. We regularly conduct webinars and guide suppliers through the disclosure process.
Supplier Code of Conduct
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.
Diversity
Supplier diversity is a key strategic business imperative integrated into our sourcing strategy and is applied globally. We’re fully committed to building a diverse, innovative and resilient supply chain, which enables growth and progress in all the communities we serve and contributes to an equitable and sustainable future. We’re committed to fostering diverse and resilient supply chain by engaging a broad range of qualified businesses. We welcome participation from companies that meet recognized certification standards.
Benefits for all
Benefits for all
Embedding supplier diversity into our sourcing and procurement activities enables us to provide flexible, quality solutions at the best price for our businesses and builds supply chain resilience.
