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BankTrack is the international tracking, campaigning and support organisation focused on banks and the activities they finance.

We aim to promote fundamental changes in the banking sector so that banks adopt just and sustainable business practices.

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2018-04-10 00:00:00
Nedbank is moving on coal power, but two plants are stuck on its radar
2018-04-05 00:00:00
Smoke and mirrors - world's top banks on notice to slash support for coal power development
2018-03-27 00:00:00
Banks and human rights: The Thun Group must step up
2018-02-26 00:00:00
Out of sync with climate reality – the coal mine and coal plant dreams of Poland's two dirty utilities
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By: BankTrack
Created before Nov 2016
Last update: 2017-11-21 17:56:41

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Ryan Brightwell, researcher and editor


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About

UBS head offices in Zurich. Photo: Martin Abegglen via Flickr (CC BY-SA 2.0)

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. 

As of December 2016, UBS' total assets were USD 942,964.08 million.

Headquarters
Bahnhofstrasse 45
CH 8098 Zurich
Switzerland
Supervisor
FINMA
CEO/chair Sergio P. Ermotti
Group Chief Executive Officer
Annual report Annual Report 2016
Website http://www.ubs.com
Ownership
listed on NYSE Euronext

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.

Dodgy Deals are harmful projects or companies financed by banks. Find out more about Dodgy Deals.

| | | | | |
Type:

Projects

Active

Atlantic Coast Pipeline United States

oil and gas | transport and infrastructure
Active

Line 3 Pipeline Replacement Project (L3RP) Canada

oil and gas | transport and infrastructure
Active

Trans Mountain Pipeline Expansion project (TMEP) Canada

oil and gas | transport and infrastructure
There are no projects active for UBS now.
On record

Dominion Cove Point LNG United States

energy distribution
On record

Grasberg gold and copper mine Indonesia

mining - non coal
On record

Kaltim Prima Coal mine Indonesia

mining - coal
On record

Madagascar tar sands Madagascar

oil and gas
On record

Mountain top removal coal mining United States

mining - coal
On record

Patents on chimpanzees and other animals - international -

animal experiments | genetic engineering
On record

Woodside Petroleum’s gas refinery Australia

oil and gas

Companies

Active

En+ Group Russian Federation

energy plants - coal | energy plants - dams
Active

IOI Corporation Malaysia

agriculture - palm oil
Active

Trafigura Singapore

commodities trading | oil and gas | transport and infrastructure
Active

Vitol Switzerland

commodities trading | oil and gas | transport and infrastructure
There are no companies active for UBS now.
On record

Anglo American United Kingdom

mining - coal | mining - non coal
On record

Arch Coal United States

mining - coal
On record

Areva France

energy plants - nuclear | energy plants - renewables | mining - non coal | nuclear industry
On record

Asia Pulp and Paper - APP Indonesia

forestry - pulp and paper
On record

BHP Billiton Australia

mining - coal | mining - non coal | oil and gas
On record

Bumi Resources Indonesia

mining - coal
On record

EDF France

energy plants - nuclear
On record

Elbit Systems Israel

arms industry and trade | aviation | security and surveillance systems
On record

ENGIE France

energy plants - coal | energy plants - dams
On record

Glencore Switzerland

mining - coal
On record

Golden Agri-Resources - GAR Singapore

agriculture - palm oil
On record

Jindal Steel & Power India

mining - coal | mining - non coal
On record

Lockheed Martin United States

arms industry and trade
On record

Poongsan South Korea

arms industry and trade
On record

Rio Tinto Australia

mining - coal | mining - non coal | nuclear industry
On record

Royal Dutch Shell Netherlands

oil and gas
On record

RWE Germany

energy plants - coal | energy plants - nuclear | mining - coal
On record

Sappi South Africa

forestry - pulp and paper
On record

Shenhua Group China

energy plants - coal | mining - coal
On record

Sinar Mas Indonesia

agriculture - palm oil | forestry - pulp and paper
On record

Singapore Technologies Engineering Singapore

arms industry and trade
On record

Textron United States

arms industry and trade
On record

Vale Brazil

mining - coal | mining - non coal
On record

Vedanta Resources United Kingdom

mining - non coal
On record

Veolia Environment France

transport and infrastructure | water utilities

Dodgy Deals map

Show:

Select sectors:

News

| |
Type:
Year:
blog
external news
our news

AGM briefing: Switzerland's per capita financing of fossil fuels worst in Europe, thanks to Credit Suisse and UBS

2018-04-25 | BankTrack, Greenpeace
blog
external news
our news

Maybank: the single largest palm oil financier

Report by TuK and Profundo finds that several RSPO banks, like HSBC and UBS, invest heavily in Maybank.
2018-02-28 | Jakarta | TuK Indonesia
blog
external news
our news

Banks criticised for funding coal deals despite Paris agreement

2017-12-11 | Financial Times
blog
external news
our news

Big banks complicit in massive tar sands destruction and pollution through hundreds of billions in financing

2017-11-02 | Rainforest Action Network
blog
external news
our news

Indigenous Groups Lead Movement to Call on Banks to Drop Enbridge’s Controversial Line 3 Pipeline

Tribal Nations based in Minnesota oppose the project and the Minnesota Department of Commerce has condemned it
2017-09-21 | Minneapolis, MN | Honor the Earth, Rainforest Action Network
blog
external news
our news

TCFD: banks supporting better disclosure are not the ones exiting coal project finance

Bank support for FSB Task Force recommendations is welcome, but reveals lack of joined-up thinking
2017-07-31 | Ryan Brightwell – BankTrack, Yann Louvel – BankTrack
blog
external news
our news

28 major banks warned not to finance Trans Mountain pipeline expansion

Over 20 Indigenous and environmental groups deliver urgent letter.
2017-06-09 | BankTrack, Rainforest Action Network, others
blog
external news
our news

Banks provide billions for Dirty Diesel traders while failing to act on human rights, says new briefing

- Oil traders Trafigura and Vitol received over $100 billion in loans since 2012
- Of 26 banks contacted, not one has pressured companies over toxic fuel exports to Africa
2017-05-23 | Nijmegen | BankTrack
blog
external news
our news

Credit Suisse and UBS finally move on coal – but they’re still in climate cloud cuckoo land

2017-04-25 | Yann Louvel – BankTrack
blog
external news
our news

Energy Transfer: Which banks continue to support the company behind DAPL?

2017-04-06 | Alison Kirsch - Rainforest Action Network
blog
external news
our news

Swiss banks bankrolling illegal deforestation in Africa and East Asia

2017-03-24 | Illegal Deforestation Monitor
blog
external news
our news

Leading banks under fire for misrepresenting human rights responsibilities

Discussion Paper by Thun Group of banks meets series of objections from UN Working Group, John Ruggie and over 30 civil society organisations
2017-02-28 | BankTrack
blog
external news
our news

Multi-billion euro investments out of control: How banks continue to finance violations of human rights and environmental norms

For the fifth consecutive year Facing Finance reports on violations of environmental and social norms and standards by multinational corporations, as documented by international NGOs.
2017-02-09 | Hamburg/Berlin | Facing Finance
blog
external news
our news

Financing of coal industry expansion by top banks undermining Paris Agreement

2016-11-14 | Marrakech, Morocco | BankTrack, Friends of the Earth France, Market Forces, Rainforest Action Network, urgewald
blog
external news
our news

New report finds banks betting on climate change

Seventh annual bank finance Report Card reveals major banks poured hundreds of billions into extreme fossil fuels
2016-06-14 | Nijmegen, San Francisco | BankTrack, Rainforest Action Network, Sierra Club and Oil Change International
blog
external news
our news

New BankTrack Human Rights Impact Briefing: Labour standards violations in IOI Corporation’s Malaysian plantations

2016-02-16 | Nijmegen | BankTrack
blog
external news
our news

New BankTrack Human Rights Impact Briefing: Labour standards violations in IOI Corporation’s Malaysian plantations

2016-02-16 | Nijmegen | BankTrack
blog
external news
our news

Banks not yet living up to UN human rights principles, finds BankTrack

New research finds inadequate reporting on human rights impacts, and failure to establish mechanisms to allow complaints.
2014-12-02 | Geneva | BANKTRACK
blog
external news
our news

'Record year' for bank coal financing as latest UN climate warning looms

2014-10-29 | Nijmegen | BankTrack
blog
external news
our news

Big power out, solar in: UBS urges investors to join renewables revolution

2014-08-28 | Guardian
blog
external news
our news

Banks and human rights: Assessing strengths and weaknesses of the Thun Group’s approach

2014-08-11 | Righting Finance
blog
external news
our news

BankTrack Blog: Banks and human rights: hopes for progress from the Thun Group?

2014-06-19 | Thun | BankTrack Blog
blog
external news
our news

Questions by Paul Corbit Brown at AGM

2014-05-07
blog
external news
our news

BankTrack welcomes Thun Group paper on banks and human rights

Call for access to remedy for victims bank-financed human rights abuses
2013-10-11 | Nijmegen | BankTrack
blog
external news
our news

What can UBS learn from Charles Dickens' ghosts

2013-01-05 | South China Morning Post
blog
external news
our news

Don’t bank on the bomb

2012-03-05 | Washington | ICAN
blog
external news
our news

Bankrolling Climate Change in the news

2011-12-02 | The Guardian
blog
external news
our news

Bankrolling Climate Change

NGOs present groundbreaking research on banks’ involvement in coal financing
2011-11-30 | Durban | urgewald, Earthlife, BankTrack and groundWork
blog
external news
our news

Swiss Banks and Human Rights:

Credit Suisse, UBS and Human Rights
2011-07-14 | Switzerland | Berne Declaration
blog
external news
our news

FSA reveals British banks are failing to turn down corrupt funds

Long overdue recognition shows need for new systems in banks and more effective ongoing monitoring regime by FSA, say campaigners
2011-06-22 | London | Global Witness
blog
external news
our news

New report card exposes largest financers of mountaintop removal coal mining

2011-04-05 | San Fransisco | Rainforest Action Network
blog
external news
our news

Don’t make it easier for dictators to steal

2011-02-24 | London | Global Witness
blog
external news
our news

New UBS policy fizzles

Blogpost at the Understory page of RAN
2011-02-07 | United States | Brant Olson, RAN
blog
external news
our news

Wikileaks given data on Swiss bank accounts

2011-01-17 | Switzerland | BBC news
blog
external news
our news

Swiss bank UBS to change much-mocked dress code

2011-01-17 | The Washington Times
blog
external news
our news

Swiss bankers clean up their act

2010-12-21 | San Fransisco | Peter Bosshard, International Rivers
blog
external news
our news

Schweizer Banken auf dem Holzweg

Die Rolle der UBS in Indonesiens Wald- und Torfmoorzerstörung
2010-12-16 | Switserland | Greenpeace Switzerland
blog
external news
our news

Another big bank turns away from mountaintop removal!

2010-11-02 | San Fransisco, US | Amanda Starbuck, RAN
blog
external news
our news

A tale of two Swiss banks

2010-10-20 | San Fransisco, US | Rainforest Action Network
blog
external news
our news

British banks complicit in Nigerian corruption, court documents reveal

2010-10-11 | London | Global Witness
blog
external news
our news

Banks toughen lending rules to coal, PNC & UBS still bucking the trend

Two banks take heat for continuing to fund Massey Energy and mountaintop removal mining
2010-08-27 | United States
blog
external news
our news

Like blowing up the Alps: Is Swiss Bank UBS the last financier of Massey's big coal Mayhem?

2010-06-07 | US | The Huffington Post
blog
external news
our news

New report card, largest financers of Mountaintop Removal coal mining

PNC, JPMorgan Chase and UBS receive failing grades
2010-05-13 | San Francisco | Rainforest Action Network
blog
external news
our news

NGOs sound warning over one of year's largest IPOs

2010-04-28 | London | Anna Grigoryeva, Platform-London
blog
external news
our news

BankTrack calls upon banks to Close the Gap on investment policies

New report evaluates quality of investment policies of 49 banks; more policies in place, overall quality below what is required
2010-04-27 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Berne Declaration reveals: Swiss banks cooperate with human rights abusers

2010-04-15 | Zürich | Berne Declaration
blog
external news
our news

J.P. Morgan rolls into Calgary

2010-04-05 | Calgary, Canada | Global Investor
blog
external news
our news

Senate shines welcome spotlight on U.S. facilitation of corruption

Private banks facilitate banking services for dictator son
2010-02-03 | Washington DC | Global Witness
blog
external news
our news

Secret documents reveal multi-million dollar shopping spree by African dictator’s son

US authorities fail to act on evidence of corruption
2009-11-17 | London | Global Witness
blog
external news
our news

Top financial institutions still invest US$20 billion in cluster bombs

Activists call on banks and pension funds to disinvest from banned weapon
2009-10-29 | London | Netwerk Vlaanderen
blog
external news
our news

Switzerland, UBS Settle U.S. Tax Case

2009-04-13 | WSJ
blog
external news
our news

Global civil society calls on private banks to withdraw support from Bangladesh coal mine

2008-08-21 | San Francisco, USA | International Accountability Project
blog
external news
our news

UBS alerted over Phulbari Coal mine

Human rights concerns for Bangladesh mine investment
2007-12-17 | Zurich, Utrecht | Berne Declaration
blog
external news
our news

Genocide in Darfur

No business with death
2007-10-29 | Zürich | Berne Declaration
blog
external news
our news

Solidly Swiss?

UBS, Credit Suisse and the global oil, mining and gas industry
2006-07-04 | Switzerland | Berne Declaration

Documents

| | | | | | | | | | | |
Type:
Year:
our publications
2018-04-25 00:00:00

Swiss Banks in the End of the Fossil Fuel Age

2018-04-25 00:00:00 | Greenpeace and BankTrack
csr policies
2017-03-10 00:00:00

Environmental and Social Risk Policy Framework

2017-03-10 00:00:00 | UBS
bank documents
2017-11-21 00:00:00

UBS and Society report 2016

2017-11-21 00:00:00 | UBS
csr policies
2016-03-10 00:00:00

UBS and Society Policy

2016-03-10 00:00:00 | UBS
csr policies
2017-05-11 00:00:00

UBS and Society

At glance
2017-05-11 00:00:00 | UBS
our publications
2016-06-30 00:00:00

Banking with Principles? Second Edition June 2016

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2016-06-30 00:00:00 | BankTrack
ngo documents
2017-09-11 00:00:00

Sustainability in the Swiss retail banking sector

WWF rating of the Swiss retail banking sector 2016/2017
2017-09-11 00:00:00 | WWF Switzerland
ngo documents
2017-09-20 00:00:00

Problematic pipelines: Investor risk from bank financing of tar sands pipelines

2017-09-20 00:00:00 | Greenpeace
correspondence
2017-06-06 00:00:00

Letter from RAN and 13 others to 14 banks that underwrote Kinder Morgan Canada IPO on warning to finance the IPO

2017-06-06 00:00:00 | Rainforest Action Network et al
csr policies
2015-07-01 00:00:00

To Integrate or to Exclude

Approaches to Sustainable Investing
2015-07-01 00:00:00 | UBS
annual reports
2017-03-10 00:00:00

Annual Report 2016

2017-03-10 00:00:00 | UBS
our publications
2017-05-04 00:00:00

UBS Fossil Bank Briefing 2017

2017-05-04 00:00:00 | BankTrack, Greenpeace, Waterkeeper Alliance
csr policies
2017-04-05 00:00:00

Climate Commitment - UBS 2017

2017-04-05 00:00:00
bank documents
2016-07-27 00:00:00

Code of Conduct and Ethics

2016-07-27 00:00:00 | UBS
csr policies
2016-03-18 00:00:00

Environmental and Social Risk Policy Framework

Comprehensive, Highest Industry Standards, Deeply Rooted in our Culture
2016-03-18 00:00:00 | UBS
correspondence
2017-03-14 00:00:00

Letter from BankTrack to Thun Group on concerns regarding Thun Group discussion paper on human rights

2017-03-14 00:00:00 | BankTrack
other documents
2017-02-21 00:00:00

Comments on Thun Group of Banks Discussion Paper

on the Implications of UN Guiding Principles 13 & 17 In a Corporate and Investment Banking Context
2017-02-21 00:00:00 | Prof. John G. Ruggie
correspondence
2017-02-14 00:00:00

Letter from BankTrack and others to Thun Group of Banks on Significant Concerns Regarding Thun Group Discussion Paper

2017-02-14 00:00:00 | BankTrack and others
our publications
2016-06-14 00:00:00

Shorting the Climate

Fossil Fuel Finance Report Card 2016
2016-06-14 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club and Oil Change International
our publications
2016-02-16 00:00:00

Human Rights Impact Briefing #1:Labour standards violations in IOICorporation’s Malaysian plantations

2016-02-16 00:00:00 | BankTrack
correspondence
2015-04-27 00:00:00

Letter from Testbiotech to UBS on Invitation to a Testbiotech conference on patents on life, genetic engineering and animal welfare

2015-04-27 00:00:00 | Testbiotech
annual reports
2015-04-02 00:00:00

Corporate Social Responsibility 2014

2015-04-02 00:00:00 | UBS
ngo documents
2015-02-16 00:00:00

Kuasa Taipan Kelapa sawit di Indonesia

in Bahasa Indonesia
2015-02-16 00:00:00 | TuK, Profundo
ngo documents
2015-02-16 00:00:00

Tycoon-controlled oil palm groups in Indonesia - Executive Summary

2015-02-16 00:00:00 | TuK, Profundo
our publications
2014-12-02 00:00:00

Banking with Principles?

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2014-12-02 00:00:00 | BankTrack
ngo documents
2014-10-01 00:00:00

Dirty Profits III

Reporting on Companies and Financial Institutions Benefiting from Violations of Human Rights 
2014-10-01 00:00:00 | Facing Finance
other documents
2014-05-07 00:00:00

Questions by Paul Corbit Brown at the AGM of UBS

About the effects of mountaintop removal in Southern West Virginia.
2014-05-07 00:00:00
bank documents
2012-12-06 00:00:00

Thun Group of Banks Response to a question at the UN Forum on Business and Human Rights, December 2012

2012-12-06 00:00:00 | Thun Group
correspondence
2012-11-06 00:00:00

Letter from BankTrack et al. to various financial institutions on APP

2012-11-06 00:00:00 | BankTrack et al.
bank documents
2012-10-29 00:00:00

Statement by the Thun Group of banks on the "Guiding principles for the implementation of the United Nations 'protect, respect and remedy' framework" on human rights

2012-10-29 00:00:00 | Thun Group
ngo documents
2012-06-20 00:00:00

Worldwide investments in Cluster munitions, a shared responsibility

2012-06-20 00:00:00 | IKV Pax Christi & FairFin
our publications
2011-11-30 00:00:00

Bankrolling climate change

A look into the portfolios of the world`s largest banks
2011-11-30 00:00:00 | urgewald/BankTrack/groundwork
ngo documents
2011-07-04 00:00:00

One step forward, two steps back

2011-07-04 00:00:00 | Berne Declaration
other documents
2011-05-25 00:00:00

UBS Cluster Munitions Investments

2011-05-25 00:00:00 | Netwerk Vlaanderen & IKV Pax Christi
csr policies
2011-05-12 00:00:00

Responsible Supply Chain Standard

2011-05-12 00:00:00 | UBS
our publications
2011-04-05 00:00:00

Policy and Practice

2011 report card on banks and mountaintop removal
2011-04-05 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club
ngo documents
2011-01-01 00:00:00

Le rôle d’UBS dans le financement du groupe Sinar Mas et la déforestation des forêts vierges indonésiennes

2011-01-01 00:00:00 | Greenpeace, Profundo
ngo documents
2010-12-20 00:00:00

Die Rolle der UBS bei der Finanzierung der Sinar-Mas-Gruppe und der Abholzung indonesischer Regenwälder

2010-12-20 00:00:00 | Greenpeace Switzerland
ngo documents
2010-10-11 00:00:00

International thief thief

2010-10-11 00:00:00 | Global Witness
our publications
2010-05-13 00:00:00

Policy and Practice, report card on banks and mountaintop removal

2010-05-13 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
correspondence
2010-04-29 00:00:00

Response UBS to NGO letter of 100414 concerning MTR

2010-04-29 00:00:00 | UBS
ngo documents
2010-04-27 00:00:00

Open letter to banks coordinating Uralchem IPO

2010-04-27 00:00:00 | International Socio-Ecological Union (SEU), Russia
our publications
2010-04-27 00:00:00

Close the Gap

Benchmarking investment policies of international banks
2010-04-27 00:00:00 | BankTrack
correspondence
2010-04-15 00:00:00

Mountaintop Removal request for information letter sent to UBS

2010-04-15 00:00:00 | RAN, Sierra Club, BankTrack
ngo documents
2010-04-15 00:00:00

Without Map or Compass, Credit Suisse, UBS and Human Rights

2010-04-15 00:00:00 | Berne Declaration
other documents
2010-04-01 00:00:00

UBS cluster munitions investments

2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi
ngo documents
2009-11-17 00:00:00

The Secret Life of a Shopaholic: How an African dictator's playboy son went on a multi-million dollar shopping spree in the US

2009-11-17 00:00:00 | Global Witness
other documents
2009-10-01 00:00:00

UBS cluster munitions financing

2009-10-01 00:00:00 | Netwerk Vlaanderen et. al.
ngo documents
2009-10-01 00:00:00

Worldwide investments in CLUSTER MUNITIONS, a shared responsibility

2009-10-01 00:00:00 | Netwerk Vlaanderen, et. al.
correspondence
2008-08-01 00:00:00

Open letter to financial institutions investing in Global Coal Management Regarding the Phulbari Coal Project, Bangladesh

2008-08-01 00:00:00 | International Accountability Project
ngo documents
2008-01-11 00:00:00

Profiles of European Banks

2008-01-11 00:00:00 | Ceres
other documents
2007-10-29 00:00:00

PetroChina IPO

2007-10-29 00:00:00
ngo documents
2006-07-05 00:00:00

Involvement of UBS in mining, oil and gas sector

2006-07-05 00:00:00 | Profundo
ngo documents
2006-07-04 00:00:00

World map of oil, mining and gas industry

2006-07-04 00:00:00 | Berne Declaration, Greenpeace
ngo documents
2006-07-04 00:00:00

Solidly Swiss? Credit Suisse, UBS and the global oil, mining and gas industry

2006-07-04 00:00:00 | Berne Declaration

Media

Videos



Links

Berne Declaration on UBS

https://www.bernedeclaration.ch/companiesinstitutions/ubs/

UBS & Society: corporate responsibility pages

https://www.ubs.com/global/en/about_ubs/ubs-and-society.html

Policies

Voluntary initiatives

UBS has committed itself to the following voluntary standards:
  • Carbon Disclosure Project
  • Extractive Industries Transparency Initiative
  • Global Reporting Initiative
  • Principles for Responsible Investment
  • Roundtable on Sustainable Palm Oil (RSPO)
  • Soft Commodities Compact
  • Thun Group on Human Rights
  • UNEP Finance Initiative
  • United Nations Global Compact
  • Wolfsberg Principles

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. 

csr policies
2017-03-10 00:00:00

Environmental and Social Risk Policy Framework

2017-03-10 00:00:00 | UBS
csr policies
2016-03-10 00:00:00

UBS and Society Policy

2016-03-10 00:00:00 | UBS
csr policies
2017-05-11 00:00:00

UBS and Society

At glance
2017-05-11 00:00:00 | UBS
csr policies
2015-07-01 00:00:00

To Integrate or to Exclude

Approaches to Sustainable Investing
2015-07-01 00:00:00 | UBS
csr policies
2017-04-05 00:00:00

Climate Commitment - UBS 2017

2017-04-05 00:00:00
csr policies
2016-03-18 00:00:00

Environmental and Social Risk Policy Framework

Comprehensive, Highest Industry Standards, Deeply Rooted in our Culture
2016-03-18 00:00:00 | UBS
csr policies
2011-05-12 00:00:00

Responsible Supply Chain Standard

2011-05-12 00:00:00 | UBS

Issues

Human rights

True leader Front runner Follower Laggard
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.
Policy: 3/3Due dilligence: 2/3
Reporting: 1.5/3Remedy: 0/3
For more details, see Banking with Principles? 2016 update.

Good moves

Year:

2017

Thun Group banks revise human rights paper following BankTrack demands

2017 | BBVA | BNP Paribas | Credit Suisse | Deutsche Bank | ING | JPMorgan Chase | Royal Bank of Scotland Group (RBS) | Standard Chartered | UBS | UniCredit

In February, BankTrack coordinated and sent an open letter to the 11 banks that signed a Discussion Paper by the Thun Group, calling for the paper's withdrawal. The paper took as its starting point that banks do not contribute to human rights abuses through their finance, flying in the face of UN advice on banks’ human rights responsibilities. The concerns raised in the letter were quickly echoed by others, and following further discussions the paper was revised in December, partially addressing the concerns. 

2014

Thun Group of Banks agrees to consider remedy for victims of human rights abuse

2014 | Barclays | BBVA | Credit Suisse | ING | Royal Bank of Scotland Group (RBS) | UBS | UniCredit

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.

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