{
  "docId": "019dd923-5e88-73ef-bd57-f5f75f380eb1",
  "docSlug": "874879dca472b7eb",
  "documentTitle": "sustainability investor presentation mar 24",
  "authorId": "UBS",
  "authorName": "UBS",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "portrait",
  "aspectRatio": 0.707,
  "pageNumber": 47,
  "pageCount": 76,
  "prevPage": 46,
  "nextPage": 48,
  "slideType": "appendix_disclosure",
  "function": "summarize",
  "density": "overcrowded",
  "nDataPoints": 0,
  "notes": "This slide details operational due diligence for gold sourcing and compliance with Swiss Ordinance regarding child labor.",
  "elementsJson": [
    "paragraph"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd57-f5f75f380eb1/47",
  "deckHref": "/decks/019dd923-5e88-73ef-bd57-f5f75f380eb1",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd57-f5f75f380eb1.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd57-f5f75f380eb1#slide-47",
  "components": [
    {
      "bbox": {
        "h": 0.06,
        "w": 0.86,
        "x": 0.07,
        "y": 0.06
      },
      "kind": "paragraph",
      "text": "Individual gold bullion bars received by the UBS vault in Zurich are inspected to ensure that they were manufactured by the LBMA LGD refineries, as per the operating procedures maintained by the UBS vault managers.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0a218519-2bad-4e84-b1cc-363e22f6cf9b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.86,
        "x": 0.07,
        "y": 0.56
      },
      "kind": "paragraph",
      "text": "Our framework also includes initial screening and ongoing monitoring of suppliers. We also explicitly communicate our standards, commitments and prohibitions with regard to environmental and social issues, including child labor...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "270d17ba-e27e-4849-9d9f-47bcaf1bd34c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.86,
        "x": 0.07,
        "y": 0.12
      },
      "kind": "paragraph",
      "text": "The UBS vault managers, who are part of the Investment Bank's COO, are responsible for the inspection of the inventory. UBS vault managers track and archive the following information on each accepted gold bullion bar in the system...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2ca7cea0-0e27-4793-a81a-cc639adda210",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.09,
        "w": 0.86,
        "x": 0.07,
        "y": 0.46
      },
      "kind": "paragraph",
      "text": "Supply chain risks associated with child labor are covered under the UBS Responsible Supply Chain Management (RSCM) framework, which is based on identifying, assessing and monitoring vendor practices in the areas of human and labor rights...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6174b84b-6354-475e-85e8-18d2ee04f084",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.86,
        "x": 0.07,
        "y": 0.21
      },
      "kind": "paragraph",
      "text": "In the event that an allegation is received by UBS that an LGD refinery is failing in its due diligence responsibilities under the OECD Guidance, then, in line with the OECD Guidance principle of allowing companies to implement risk mitigation measures...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "62e5b6ac-e80b-4c5b-8212-5cad4a04e081",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.86,
        "x": 0.07,
        "y": 0.4
      },
      "kind": "paragraph",
      "text": "Pursuant to Article 5 of the Swiss Ordinance, UBS assessed and concluded that there are no reasonable grounds to suspect that the products or services we offer have been manufactured or provided using child labor.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8456a803-7edb-4cfc-9a4c-60ea2b622587",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.86,
        "x": 0.07,
        "y": 0.29
      },
      "kind": "paragraph",
      "text": "As a member, we support the LBMA financially and in other ways through our participation in various LBMA committees and working groups. We constantly monitor LBMA member communications with regard to actions the LBMA takes on LGD refineries.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ff99f5e6-28fa-4248-a1a2-34ebaf9b861a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.86,
        "x": 0.07,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "UBS Group Sustainability Report 2024 | Supplement | Managing sustainability and climate risks | 47",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cee21a12-aab0-476d-a6a3-3b27a6e04c5c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.12,
        "x": 0.07,
        "y": 0.37
      },
      "kind": "title",
      "text": "Child labor",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a9565421-1a98-4741-b051-c7246c392f43",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 76,
      "from": 45,
      "beatId": "5dd0ae90-6383-41a2-a9bf-9a145e99bae4",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Impact & Next Steps",
      "beatSlug": "consultants-gambit-impact-next-steps",
      "evidence": "Disclosure of climate-related metrics and future plans",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [
    {
      "to": 76,
      "from": 3,
      "name": "Golden Circle",
      "slug": "11-golden-circle",
      "bestFor": "Visionary leadership, brand positioning, mission statements",
      "matchId": "b6a565dd-c525-4a09-bdbd-1c21910fa0d4",
      "evidence": "The document provides a comprehensive overview of UBS's sustainability strategy and its importance",
      "position": 0,
      "objective": "Why UBS's sustainability strategy matters",
      "structure": "The Why (Belief) -> The How (Process) -> The What (Result)",
      "confidence": 0.8,
      "description": "Invert the typical pitch by starting with why you exist, rather than what you do"
    },
    {
      "to": 76,
      "from": 45,
      "name": "Jobs To Be Done",
      "slug": "53-jobs-to-be-done",
      "bestFor": "Product innovation, market entry, competitive positioning",
      "matchId": "defcc418-5b71-40b2-9b20-ef04748b8a3e",
      "evidence": "Disclosure of climate-related metrics and sustainable finance initiatives",
      "position": 2,
      "objective": "UBS's role in promoting sustainable finance",
      "structure": "The Customer's Job -> Current Solutions (Hired/Fired) -> Unmet Needs -> Our Solution Fit",
      "confidence": 0.6,
      "description": "Reframe the problem around what the customer is trying to accomplish, not what they're buying"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}