Energy Efficiency, GHG Emissions - March 11, 2022
UBS Ties ESG and Compensation to Board Members
UBS announced it has further enhanced the link between ESG and compensation by introducing explicit sustainability objectives for all members of the Group Executive Board (GEB).
These sustainability objectives are linked to the investment bank’s sustainability priorities and their progress is measured via robust quantitative metrics and qualitative criteria.
The company also announced its milestones to deliver on its net zero commitments by 2050 and set decarbonization targets for the reduction of GHG emissions across three priority sectors by 2030: fossil fuels, power generation and real estate in its 2021 Sustainability and Climate Report.
The Climate Report provides details on the framework, governance, strategy, risk management, targets and metrics to deliver on its net zero commitments by 2050, including reducing its own climate impact, supporting the transition of our financing clients and protecting investing clients’ assets.
“We aspire to lead by example in our own transition journey,” said Group CEO Ralph Hamers in a statement. “We know that to reach our long-term goal it’s crucial to identify and deliver on critical targets along the way. These are ambitious plans that will require us to act decisively.”
The key achievements highlighted in the report include:
- USD 251 billion of sustainability-focus and impact investments (78% increase)
- Almost 70% of new mandates in Personal Banking being UBS Manage Sustainable Investment
- 103 green, social, sustainability or sustainability-linked bond transactions supported and
- 92% less GHG emissions in our own operations since 2004.
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