The Sustainable and Impact Investing ('SI') team, which is a dedicated team of 18 professionals, operates across all investment areas. The Head of the SI team has a direct reporting line to the Head of Investments, Suni Harford, who is a member of UBS-AM's Executive Committee, reporting to the President/CEO of UBS-AM, Ulrich Körner. The SI professionals are responsible for sourcing and distributing ESG data to investment teams across UBS-AM, educating and collaborating with investment teams on best practices around using material ESG data in forward-looking investment analysis, and overseeing UBS-AM's engagement and proxy voting programs. Also within the team are professionals responsible for the development and expansion of SI solutions. Finally, the SI team is responsible for content, including white papers, research reports, ESG and carbon related reporting, and other educational materials.
The Corporate Culture and Responsibility Committee (CCRC) is responsible for the main undertaking for corporate culture, responsibility and sustainability. As set out in its charter, the CCRC supports the Board in its duties to safeguard and advance the Group’s reputation for responsible and sustainable conduct. It monitors UBS in society's overall strategy and annual objectives, reviews that the UBS in society constitutional document is relevant and up to date, and oversees the program's annual management review.
The Group CEO proposes the UBS in society strategy and annual objectives to the CCRC, supervises their execution, and informs the Group Executive Board (GEB) and Corporate Culture and Responsibility Committee (CCRC) as appropriate.
The Head of UBS in society is UBS's senior level representative for environmental and sustainability issues. He or she is nominated by the Group CEO, chairs UBS in society Operating Committee, is a member of the Global Environmental Social Risk Committee, and is a permanent guest to the CCRC. He or she develops the UBS in society strategy, leads in its execution, and submits annual objectives to the CEO, as well as, a management review to the CCRC. He or she is supported by the UBS in society Executive Committee (EC) in this effort.
We then have the UBS in society Operating Committee (OC), which we established in 2015 to oversee and coordinate the execution of UBS in society. The OC ensures execution of UBS in society strategy across divisions and regions. The Committee is chaired by the Head UBS in society and is composed of divisional, APAC, and Group COO EC members, as well as, UBS in society EC members. OC members are nominated by their respective GEB members and/or the Head of UBS in society, and ensure plan and objective sign off by them.
The Global Environmental & Social Risk Committee, also at Group Executive Board (GEB) level, defines an Environmental & Social Risk (ESR) framework and independent controls that align UBS's environmental and social risk appetite with that of UBS in society. It is chaired by the Group Chief Risk Officer, who is responsible for the development and implementation of principles and appropriate independent control frameworks for environmental and social risks within UBS.
The Business Divisions are responsible for developing, providing resources to, and executing the UBS in society annual objectives in their division as they relate to client relationships, product development, investment management, distribution and risk management.
The Regions are responsible for developing, providing resources to, and executing objectives in their region relating to Community Affairs, within the global framework of UBS in society.