{ "docId": "019dd923-5e88-73ef-bd57-fcc3cf532e42", "docSlug": "72c67d77b7b29fa0", "documentTitle": "ubs best of switzerland conference presentation", "authorId": "UBS", "authorName": "UBS", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "equity_research", "sourceTypeLabel": "Equity research", "presentationDate": null, "orientation": "portrait", "aspectRatio": 0.707, "pageNumber": 60, "pageCount": 446, "prevPage": 59, "nextPage": 61, "slideType": "key_messages", "function": "summarize", "density": "overcrowded", "nDataPoints": 0, "notes": "Page 54 of a corporate report.", "elementsJson": [ "paragraph", "bullet_list" ], "metadataConfidence": 0.95, "imagePath": null, "slideHref": "/slides/019dd923-5e88-73ef-bd57-fcc3cf532e42/60", "deckHref": "/decks/019dd923-5e88-73ef-bd57-fcc3cf532e42", "deckJsonHref": "/decks/019dd923-5e88-73ef-bd57-fcc3cf532e42.json", "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd57-fcc3cf532e42#slide-60", "components": [ { "bbox": null, "kind": "callout", "text": "UBS supports the goals of the Paris Agreement, which includes aligning our own operations and business activities with a pathway of a five-step net-zero plan.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd952-41a8-71cc-b86d-bb2a7e616584", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.42, "x": 0.07, "y": 0.44 }, "kind": "list", "text": "Refer to \"Sustainability and climate risk\" in the \"Risk management and control\" section of this report\nRefer to the UBS Climate Report 2021, available from 11 March 2022 under \"Annual reporting\" at ubs.com/investors, for a full description of UBS's management of climate risks", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "530ee0cc-37af-4fa9-a7f2-84d617416ad0", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.42, "x": 0.51, "y": 0.3 }, "kind": "list", "text": "Refer to the UBS Climate Report 2021, available from 11 March 2022 under \"Annual reporting\" at ubs.com/investors, for a full description of UBS's net-zero targets, including baselines and pathways", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "634370e5-bb87-48a0-a2ea-799bbdb478dd", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.07, "w": 0.42, "x": 0.07, "y": 0.31 }, "kind": "paragraph", "text": "We currently identify and manage climate risks in our own operations, our balance sheet, client assets and the supply chain. To protect our clients' and our own assets from climate-related risks, in 2021, we continued to drive the integration of climate-related risk into our standard risk management framework.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "1b5d285b-d1ce-47f7-9046-83faafeb5e0e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.42, "x": 0.51, "y": 0.22 }, "kind": "paragraph", "text": "UBS supports the goals of the Paris Agreement, which includes aligning our own operations and business activities with a pathway of a five-step net-zero plan to: (i) measure carbon emissions; (ii) define a roadmap and set targets; (iii) reduce climate impact; (iv) finance climate action and support the transition of our clients; and (v) communicate and engage.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5a27ad4b-acd3-467a-a4fa-0f281adb4915", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.42, "x": 0.07, "y": 0.11 }, "kind": "paragraph", "text": "Climate risks can arise from either changing climate conditions (physical risks) or from efforts to mitigate climate change (transition risks). The physical and transition risks from a changing climate contribute to a structural change across economies and, consequently, can affect banks and the financial sector through financial and non-financial impacts.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a6ca6354-9d58-4418-9f8d-b28e21461914", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.11, "w": 0.42, "x": 0.07, "y": 0.19 }, "kind": "paragraph", "text": "In March 2020, Group Risk Control established our firm's climate risk program to further integrate climate risk in the firm's risk management framework and standard processes. The program follows a multi-year roadmap to address regulatory expectations and is engaging with stakeholders and experts both internally and externally to further develop climate risk methodologies, to deliver on ongoing climate stress testing exercises and to build capacity to respond to climate risk management expectations.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "bbc9da0c-784e-4016-a5c7-c9db5b5c1568", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.42, "x": 0.07, "y": 0.38 }, "kind": "paragraph", "text": "We further integrated climate risk in: (i) risk identification and measurement; (ii) monitoring and risk appetite setting; (iii) management and control; and (iv) reporting processes across the organization.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d34d7038-f25a-44cb-b6e0-480d6788a56a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.11, "w": 0.42, "x": 0.51, "y": 0.11 }, "kind": "paragraph", "text": "For many years, we have been developing methodologies that enable us to disclose climate-related metrics more robustly and transparently. Most recently, regulators and standard setters have provided more guidance on metrics. We firmly aim to keep pace with these new developments and requirements and further evolve our climate-related metrics. This commitment remains, as does our determination to continue leading the way in efforts to mitigate climate change.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ebdb5557-d879-4a67-b370-957593a70c8d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.65, "x": 0.07, "y": 0.03 }, "kind": "title", "text": "Our strategy, business model and environment | How we create value for our stakeholders", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "37db32b9-7926-471b-a4ee-2fb8c8eaaa80", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.3, "x": 0.07, "y": 0.09 }, "kind": "title", "text": "Our management of climate risks", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "67f361e2-ea90-485d-828f-9007a877e32f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.3, "x": 0.51, "y": 0.09 }, "kind": "title", "text": "Our climate-related metrics and targets", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "db407bc5-0218-4045-ae22-6ecf269d13e8", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Pyramid Principle", "slug": "pyramid-principle", "agent": "Architect", "layer": "slide", "matchId": "697727c6-74b8-410a-813d-89e285dd9941", "evidence": "In March 2020, Group Risk Control established our firm's climate risk program to further integrate climate risk in the firm's risk management framework and standard processes.", "confidence": 0.7 } ], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }