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Created before Nov 2016
Last update: 2017-11-21 17:56:41
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
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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 |
listed on NYSE Euronext
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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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Type:
Projects
Active
Atlantic Coast Pipeline United States
Active
Line 3 Pipeline Replacement Project (L3RP) Canada
Active
Trans Mountain Pipeline Expansion project (TMEP) Canada
There are no projects active for UBS now.
On record
Dominion Cove Point LNG United States
On record
Grasberg gold and copper mine Indonesia
On record
Kaltim Prima Coal mine Indonesia
On record
Madagascar tar sands Madagascar
On record
Mountain top removal coal mining United States
On record
Patents on chimpanzees and other animals - international -
On record
Woodside Petroleum’s gas refinery Australia
Companies
Active
En+ Group Russian Federation
Active
IOI Corporation Malaysia
Active
Trafigura Singapore
Active
Vitol Switzerland
There are no companies active for UBS now.
On record
Anglo American United Kingdom
On record
Arch Coal United States
On record
Areva France
On record
Asia Pulp and Paper - APP Indonesia
On record
BHP Billiton Australia
On record
Bumi Resources Indonesia
On record
EDF France
On record
Elbit Systems Israel
On record
ENGIE France
On record
Glencore Switzerland
On record
Golden Agri-Resources - GAR Singapore
On record
Jindal Steel & Power India
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
Sinar Mas Indonesia
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.
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:
2017
Thun Group banks revise human rights paper following BankTrack demands
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
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.