UBS - New Rules - Protecting People And Planet

[Cjay]

This was brought to my attention by multiple insiders.

Switzerland's UBS (Bank)'s business standards/rules relating to
Protecting People And Planet
are a direct result of Indonesia's Big Bullion Bank transaction.


Some snippets from UBS' website (more detail at the links below):



UBS will not knowingly provide financial or advisory services to corporate clients whose primary business activity, or where the proposed transaction, is associated with severe environmental or social damage to or through use of:

• endangered species of wild flora and fauna
• high-conservation-value forests
• uncontrolled and / or illegal use of fire for land clearance
• illegal logging, including the purchase of illegally harvested timber
• wetlands
• world heritage sites
• child labor
• forced labor
• indigenous peoples’ rights

Controversial Activities: Where UBS will not do business
Areas of Concern - Where UBS will only do business under stringent criteria

Specific guidelines and escalation criteria apply to transactions with corporate clients engaged in areas of concern such as soft commodities (palm oil, soy and timber), power generation (coal-fired power plants, large dams and nuclear power) and extractives (hydraulic fracturing, oil sands, arctic drilling, mountaintop removal coal-mining, precious metals and diamonds). Enhanced due diligence includes an assessment of the company’s regulatory compliance, past and present environmental performance records, as well as concerns from stakeholder groups.


Controversial weapons

UBS does not directly or indirectly finance the development, production or purchase of controversial weapons of such companies determined to fall within the "Swiss Federal Act on War Materials". Specifically, UBS does not provide credit facilities to, or conduct capital market transactions for, companies that are involved in the development, production or purchase of cluster munitions and anti-personnel mines. UBS does not include securities of affected companies in its actively-managed retail and institutional funds and in discretionary mandates. UBS draws upon external expertise to decide whether a company is subject to the restrictions imposed by Swiss law.

Climate change

As a leading global financial services provider, we focus our climate change strategy on risk management, investments, financing, research and our own operations.

UBS commits to 100% renewable electricity and reducing its greenhouse gas footprint by 75% by 2020.

More details here:
https://www.ubs.com/global/en/about_...ial-risks.html
Full text of url: "https://www.ubs.com/global/en/about_ubs/corporate_responsibility/how-we-do-business/protecting-people-and-planet/environmental-and-social-risks.html"


UBS in Indonesia

Our commitment
Doing the right thing - now and in the future


How we do business

Clear principles are necessary and collaboration is essential when tackling present-day challenges.

Sustainability at UBS
Chairman's interview on corporate responsibility
What matters - materiality in today's banking business
Protecting people and planet
Our employees
Governance

How we support our clients

We provide our clients with innovative products & services that address societal concerns and drive change for the better.

UBS and Society
Sustainable products & services
Philanthropy
Suitability

How we support our communities

We provide targeted financial support and employee volunteering in our local communities, focused on education and entrepreneurship.

The "how" and "what" of UBS community investment
Impact measurement
What we do in the regions
Awards & recognitions

More details here:
https://www.ubs.com/id/en.html


Joining a few dots:

Where have we heard before of Big Bullion Bank and this global responsibility of
Protecting People and Earth?

UBS (Switzerland) - Big Bullion Bank (Indonesia)
.........SWISS......-...........................INDO

Thank you, Mr. Soegih. In service and gratitude