Sustainability-related disclosures
In order to facilitate the ambitious climate and energy targets committed to by the EU, the European Commission has published, among other texts, a regulation on disclosures relating to sustainable investments and sustainability risks (SFDR).
Sustainability risk
Sustainability risks are environmental, social or governance (ESG) events or conditions that, if they occur, could cause an actual or a potential material negative impact on the value of an investment. When providing investment advice, UBP considers and assesses all relevant financial risks, including sustainability risks. You will find further details on sustainability risk management at UBP here: “Sustainability Risk Framework”
Sustainability remuneration policy
The remuneration structure at UBP discourages excessive risk-taking and is linked to risk-adjusted performance. As part of our remuneration policy, employees and management are expected to comply with all applicable risk management, compliance, and conduct obligations, including those related to sustainability. Should conduct, risk management or compliance failures occur, variable remuneration may be adjusted. In terms of sustainability, employees’ performance appraisals look at their contributions to a general sustainability behaviour goal, while portfolio managers, advisors, and all UBP Europe employees have more specific ESG-related goals in their performance appraisals. UBP will continue to monitor regulatory developments and market practices relating to the integration of sustainability risks.
Sustainability related disclosures and Principal Adverse Impacts statement
For sustainability related disclosures and Principal Adverse Impacts statement of our European entities, please visit the following UBP web pages.