Description
This presentation is a part of the environmental management. It initially talks about the way the climate changes are taking place over the years and also the corporate responsibility of UBS. Similarly it compares what the competitors are doing as a part of their duty towards environment. It then describes the various considerations that are being looked into by the company. It then explains the various options in front of them and the principal activities. It then finally wraps off with the green maturity model (GMM)
UBS and Climate Change… Warming up to Global Action?
Climate Change
?Since Industrial revolution, Earth’s temperature has risen by 1.1`F ?Carbon Dioxide has risen to 380ppm in 2005 ?Sources include electricity generation, deforestation, agriculture and transport
?According to IPCC, global temperature to increase by the end of 21st century by 2.5`F to 10`F
?Regulations should be made to promote innovations not defer them ?Effects of climate change ?Shutdown of Gulf stream ?Rising sea levels ?Increase in hurricanes
UBS Corporate Responsibility
Corporate Responsibility Committee
Group Executive Board
Corporate Responsibility Working group
Appropriate management Channel
Action
Departments
Citi group
• Refurbishing facilities based on data of
energy use from 13,000 of its buildings • 10% of its purchase as green power • Disclosing carbon emissions of power plants that it financed • Target 10% lower level green house gas emissions by 2011
Credit Suisse
• Company’s buildings to be green house gas neutral • Ordered 2,43,000 Carbon credits • 2.2 million CHF on certificates
HSBC
• Neutralize 100% by purchasing green electricity and offset certificates • Pledge to reduce by another 5% • FT recognized it to be a top bank in its first sustainable banking awards
Morgan Stanley
• Trading carbon credits • Supporting market based solutions to meet environmental policies
Competitors Actions
Carbon certificates prices were scheduled to double
Peers like HSBC were already well ahead, though its local competitor Credit Suisse was also lagging
Countries UBS operated in showed high degrees of concern about Global warming
Considerations for UBS
UBS’ profitability had increased at a CAGR of 53% in the last two years
UBS still showed very low level of public commitment in terms of its policies compared to its peers
UBS had not been able to lower its environmental impact over the recent years by a substantial amount
0% CO2 reduction
10% CO2 reduction
•$2.8mn - $5.0mn •Stabilize emissions at 2005 level
•$3.7mn - $5.9mn •In line with industry practise
Four options for UBS
40% CO2 reduction 100% CO2 reduction
•$6.4mn - $8.6mn •Provides innovation story
•$9.1mn - $11.3mn •Matches HSBC
Principal Activities
•Client Relationship Incorporated environmental and social aspects in its research and advisory activities
?
Established an equity research desk to monitor the rankings of socially responsible investments (SRI’s)
?
By 2005, it managed SRI value of CHF 46.89 bn, about 2% of all its investment assests
?
•Communities It made annual donations on the order of CHF 50 million for educational and environmental projects
?
Principal Activities
•Environment ? It tracked the impact of its business operations on the natural environment ? Was included in the Dow Jones Sustainability Group Index and FTSE4Good Index
Three stage Green Maturity Model (GMM) Process Flow
GMM
End-to-End Green Assessment
Working Practice Basic Intermediate Detailed
Recommendations
Working Practice Actions
Initial Assessment
Detailed Assessment
Basic Basic Basic Basic Intermediate Intermediate Intermediate Intermediate Detailed Detailed Detailed Detailed
Output
Office Environment actions Data Center Actions Procurement Actions Citizenship Actions
Office Environment Data Center Procurement Corporate Citizenship calculators
Optional Components
Thank you
doc_638628649.ppt
This presentation is a part of the environmental management. It initially talks about the way the climate changes are taking place over the years and also the corporate responsibility of UBS. Similarly it compares what the competitors are doing as a part of their duty towards environment. It then describes the various considerations that are being looked into by the company. It then explains the various options in front of them and the principal activities. It then finally wraps off with the green maturity model (GMM)
UBS and Climate Change… Warming up to Global Action?
Climate Change
?Since Industrial revolution, Earth’s temperature has risen by 1.1`F ?Carbon Dioxide has risen to 380ppm in 2005 ?Sources include electricity generation, deforestation, agriculture and transport
?According to IPCC, global temperature to increase by the end of 21st century by 2.5`F to 10`F
?Regulations should be made to promote innovations not defer them ?Effects of climate change ?Shutdown of Gulf stream ?Rising sea levels ?Increase in hurricanes
UBS Corporate Responsibility
Corporate Responsibility Committee
Group Executive Board
Corporate Responsibility Working group
Appropriate management Channel
Action
Departments
Citi group
• Refurbishing facilities based on data of
energy use from 13,000 of its buildings • 10% of its purchase as green power • Disclosing carbon emissions of power plants that it financed • Target 10% lower level green house gas emissions by 2011
Credit Suisse
• Company’s buildings to be green house gas neutral • Ordered 2,43,000 Carbon credits • 2.2 million CHF on certificates
HSBC
• Neutralize 100% by purchasing green electricity and offset certificates • Pledge to reduce by another 5% • FT recognized it to be a top bank in its first sustainable banking awards
Morgan Stanley
• Trading carbon credits • Supporting market based solutions to meet environmental policies
Competitors Actions
Carbon certificates prices were scheduled to double
Peers like HSBC were already well ahead, though its local competitor Credit Suisse was also lagging
Countries UBS operated in showed high degrees of concern about Global warming
Considerations for UBS
UBS’ profitability had increased at a CAGR of 53% in the last two years
UBS still showed very low level of public commitment in terms of its policies compared to its peers
UBS had not been able to lower its environmental impact over the recent years by a substantial amount
0% CO2 reduction
10% CO2 reduction
•$2.8mn - $5.0mn •Stabilize emissions at 2005 level
•$3.7mn - $5.9mn •In line with industry practise
Four options for UBS
40% CO2 reduction 100% CO2 reduction
•$6.4mn - $8.6mn •Provides innovation story
•$9.1mn - $11.3mn •Matches HSBC
Principal Activities
•Client Relationship Incorporated environmental and social aspects in its research and advisory activities
?
Established an equity research desk to monitor the rankings of socially responsible investments (SRI’s)
?
By 2005, it managed SRI value of CHF 46.89 bn, about 2% of all its investment assests
?
•Communities It made annual donations on the order of CHF 50 million for educational and environmental projects
?
Principal Activities
•Environment ? It tracked the impact of its business operations on the natural environment ? Was included in the Dow Jones Sustainability Group Index and FTSE4Good Index
Three stage Green Maturity Model (GMM) Process Flow
GMM
End-to-End Green Assessment
Working Practice Basic Intermediate Detailed
Recommendations
Working Practice Actions
Initial Assessment
Detailed Assessment
Basic Basic Basic Basic Intermediate Intermediate Intermediate Intermediate Detailed Detailed Detailed Detailed
Output
Office Environment actions Data Center Actions Procurement Actions Citizenship Actions
Office Environment Data Center Procurement Corporate Citizenship calculators
Optional Components
Thank you
doc_638628649.ppt