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Created before Nov 2016
Last update: 2016-09-27 14:42:22
Andreas Missbach, Public Eye
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About
Modern UBS was formed through a merger of the Union Bank of Switzerland and the Swiss Bank Corporation in June 1998. UBS is headquartered in Zurich and Basel and it is the world's largest manager of private wealth assets and the second-largest bank in Europe. The bank provides a range of financial services, including investment banking and asset management, to corporate, private, and institutional clients.
| Headquarters |
Bahnhofstrasse 45
CH 8098 Zurich
Switzerland
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| Supervisor | |
| CEO/chair |
Sergio P. Ermotti Group Chief Executive Officer |
| Annual report | Annual Report 2016 |
| Website | http://www.ubs.com |
| Ownership |
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Related Dodgy Deals
UBS has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.
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Projects
Companies
Active
Arch Coal United States
Active
Asia Pulp and Paper - APP Indonesia
Active
BHP Billiton Australia
Active
Bumi Resources Indonesia
Active
IOI Corporation Malaysia
Active
Jindal Steel & Power India
Active
Sinar Mas Indonesia
Active
Trafigura Singapore
Active
Vitol Switzerland
There are no companies active for UBS now.
On record
Anglo American United Kingdom
On record
Areva France
On record
EDF France
On record
Elbit Systems Israel
On record
Enel Italy
On record
ENGIE France
On record
Glencore Switzerland
On record
Golden Agri-Resources - GAR Singapore
On record
Lockheed Martin United States
On record
Poongsan South Korea
On record
Rio Tinto Australia
On record
Royal Dutch Shell Netherlands
On record
RWE Germany
On record
Sappi South Africa
On record
Shenhua Group China
On record
Singapore Technologies Engineering Singapore
On record
Textron United States
On record
Vale Brazil
On record
Vedanta Resources United Kingdom
On record
Veolia Environment France
Dodgy Deals map
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Policies
Voluntary initiatives
UBS has committed itself to the following voluntary standards:Investment policies
Its environmental policy was established in 1993 and its statement on human rights in 2006. Both were integrated into one policy in 2014. An overview can be found here.
Issues
Human rights
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True leader
Front runner
Follower
Laggard
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BankTrack has assessed UBS on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. UBS is assessed as a Front runner, with a total score of 6.5/12.
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Good moves
Year:
2014
Thun Group of Banks agrees to consider remedy for victims of human rights abuse
In 2013 the seven-strong Thun Group of Banks' produced a discussion paper on banks' responsibilities under new UN human rights guidelines. BankTrack's response to the paper highlighted that the banks had failed to address their responsibility to provide access to remedy to victims of human rights abuses. After we pushed the point further at a conference with the banks in 2014, they agreed to "explore options for addressing ... access to remedy." We look forward to the outcome.