Banking

UBS: Best Green Bank Switzerland

UBS: CSR Team, Zürich, Switzerland

An increasing number of businesses, including banks, are adapting their corporate structures and processes to incorporate sustainability principles and reduce their CO2 footprint. Taking the lead, and setting an example, UBS has rewritten its entire long-term corporate strategy to fully adjust its business to the changing landscape.

The UBS and Society initiative was unveiled in 2015 and aims to make the bank a global leader in sustainability within the financial services industry. UBS wants to move beyond the commitment of causing no harm to a more proactive approach where harm is fully stamped out. The bank has already requested that 44% of suppliers of newly-sourced goods and services that carry a potentially high environmental impact, adhere to UBS’ Responsible Supply Chain Management standards.

UBS and Society covers all of the bank’s activities and capabilities in sustainable investing. It seeks to reduce the bank’s own environmental footprint, as well as strengthen its human rights policies. The strategies used by the firm have not just resulted in a staggering reduction in non-sustainable investments, but also brought significant reductions in GHG emissions, waste production, water usage, and paper consumption. In 2015, UBS outperformed its energy and water consumption targets a year ahead of time with a 13% and 16% reduction, respectively.

As a member of the RE100 – a collaborative global initiative of large businesses to fully meet their electricity requirements with renewable energy – UBS strives to source all of its electricity from renewables by 2020. Last year, an impressive 54% of UBS’s worldwide electricity consumption was sourced from renewables.

The CFI.co judging panel commends UBS on both its achievements to date and its commitment to sustainability. The bank’s umbrella approach, and its strong corporate culture, ensure that targets will be met. For the second year running, the judges decide to recognise these sustained efforts by naming UBS Best Green Bank Switzerland.

marten

Recent Posts

Nordea Asset Management: Best ESG Team Europe 2024

Nordea Asset Management (NAM) has championed responsible investment for over three decades, beginning in 1988…

1 day ago

SegurCaixa Adeslas: Best Insurer Spain 2024

SegurCaixa Adeslas, a pre-eminent Spanish health insurance company, has demonstrated a formidable and truly impressive…

1 month ago

Banco BPI: Excellence in Sustainable Banking Initiative Portugal 2024

Banco BPI's dedication to sustainability is a beacon of proactive environmental and social responsibility. Beyond…

1 month ago

BSE Ltd: Champions of Capital Market Innovation and Efficiency Asia 2024

BSE Ltd, formerly known as the Bombay Stock Exchange, is a crucial player in India’s…

1 month ago

TMT Investments Plc: Visionary Leaders in Global Tech Venture Capital Europe 2024

TMT Investments Plc, publicly quoted on the AIM market of the London Stock Exchange since…

1 month ago

BNP Paribas Fortis: Outstanding Contribution to SME Financing Benelux 2024

BNP Paribas Fortis is a key player in the Belgian banking sector with a rich…

1 month ago