As a family-owned and family-run bank, UBP has a genuine understanding of sustainability. With wealth preservation for future generations lying at heart of our profession, sustainable finance is at the heart of what we do. We firmly believe that finance has a key role to play in creating a sustainable economy and a better society.
Inspired by our founder, Edgar de Picciotto, we have made it a point of honour to apply his sense of social responsibility to every aspect of our day-to-day business. In response to the major social and environmental issues we face, we see it as our role, as a financial intermediary, to help channel capital towards responsible investment solutions that offer real potential to generate financial returns. We also place equal importance on controlling our carbon footprint through our Corporate Social Responsibility strategy, in addition to promoting sustainable development through supporting community initiatives, sponsorship and patronage. Indeed, UBP considers responsible investment and corporate social responsibility to be two sides of the same commitment to creating a sustainable world.
Our RI strategy is governed by the Responsible Investing Committee (RICO) and our CSR initiatives are managed by the Corporate Social Responsibility Committee (CSRCO). RICO’s mission is to define, implement and supervise UBP’s Responsible Investment Policy, overseeing the integration of sustainability criteria into our entire investment universe and ensuring the exclusion, watch and inclusion lists have been applied. As for the CSRCO, its task is to define, implement and supervise the Bank’s CSR approach, ensuring all CSR aspects – environmental, human resources, and community engagement – are covered and addressed. Both RICO and CSRCO are directly supervised by UBP’s Executive Committee.
UBP firmly believes in the importance of responsible wealth management and asset management. We signed up to the United Nations Principles for Responsible Investment (UNPRI) in 2012, and joined Swiss Sustainable Finance (SSF) and Sustainable Finance Geneva (SFG) in 2018. In order to foster cooperation between governments, the corporate world and the financial sector, we collaborate with the ‘Investment Leaders Group’ of the Cambridge Institute for Sustainability Leadership, which is a network dedicated to advancing responsible investment.
On top of this, UBP is an Influencer Member of Pensions for Purpose, an impact thought-leadership platform for UK institutional investors, and the Bank is also a founder member of The Big Exchange, which is dedicated to widening accessibility to investing and savings services. In 2020, UBP joined the United Nations Global Compact (UNGC), as well as the FAIRR initiative, whose mission is to highlight the risks linked to intensive animal farming within the broader food system.
The same year, UBP became a member of the Global Impact Investing Network (GIIN). The Bank supports the Paris Agreement’s objective to keep global warming well below 2°C above pre-industrial levels, and contributes to it by reducing its carbon footprint and supporting the Task Force on Climate-related Financial Disclosures (TCFD).
UBP’s Executive Committee has issued a set of concrete objectives designed to implement change across all the Bank’s departments, and which thus impact the entire organisation.
We are integrating ESG criteria into our entire recommended investment universe and all our treasury investments. Additionally, we are close to applying ESG criteria to 100% of UBP’s recommended investment universe. UBP is determined to expand its social and environmental footprint further, aiming to reduce its carbon emissions by 25% before the end of 2025, while fostering diversity and inclusion in order to remain an employer of choice.Responsible Investment