1. Newsroom
  2. UBP Monaco becomes energy transition player in the Principality
Corporate 15.05.2020

UBP Monaco becomes energy transition player in the Principality

UBP Monaco becomes energy transition player in the Principality

In line with the UBP Group’s strategy to reduce its environmental footprint, on 18 March UBP Monaco signed the Principality of Monaco’s National Energy Transition Pact.

Created in January 2018, this Pact encourages the various stakeholders based in the Principality (such as institutions, businesses, residents and workers) to play an active role in the nation’s energy transition and to reduce their greenhouse gas emissions. Monaco has set itself the target of reducing its greenhouse gas emissions by 50% by 2030 (compared with 1990) and to become carbon-neutral by 2050.

The National Pact defines three key areas of intervention: transport, waste and energy. Members commit to putting an action plan in place in the year they sign, as well as to raise awareness about the goals of energy transition among their employees and service providers.

To become a signatory of this Pact, UBP Monaco implemented a number of improvements in terms of waste management and energy performance. These included switching to a renewable energy provider, rolling out LED lighting and recycling waste.

This undertaking represents just one of the steps that UBP has taken as part of its corporate social responsibility (CSR) policy. As a family-owned private bank, UBP places responsibility among its fundamental values, and sustainability and future generations at the very heart of its growth model. The UBP Group is convinced that the financial industry has an active role to play in dealing with global social, climate and environmental issues. This conviction is reflected not only in the range of responsible investment solutions that UBP offers but also in the efforts made by the Group to limit its environmental impact.

UBP Monaco

El Masri Serene_150x150.jpg
Sérène El Masri
Site Manager of UBP Monaco

Altro da leggere

Corporate 25.10.2022

A successful, decade-long partnership with Camerata Venia

UBP actively supports cultural and artistic projects in the locations where it has offices. As part of the promotion of classical music and its rising stars in Geneva, we are pleased to have been a partner of the Camerata Venia ensemble since 2013.

Corporate 29.09.2022

UBP supports Building Bridges 2022

UBP once again supported Building Bridges, Switzerland’s leading sustainable finance conference, organised by Sustainable Finance Geneva (SFG) in collaboration with Swiss Sustainable Finance (SSF).

Corporate 11.05.2022

UBP shows support for the EU’s green energy transition

UBP has joined over 120 businesses calling on the EU to accelerate the transition from fossil fuels to a clean energy future.