Founded in 1969, Union Bancaire Privée is a private bank and wealth management firm that serves private and institutional clients. Headquartered in Geneva, Switzerland, the Bank has over 20 locations across Europe, North America, Asia, Middle East and Australia and has a global workforce around 1,904 people. In 2021, it had CHF 160.4 billion in assets under management.
Union Bancaire Privée discloses nature- and biodiversity-related impacts as one of its engagement topics with companies to which it provides financial services. It provides evidence that it collectively engages with companies to which it provides financial services on the topic of their nature- and biodiversity-related impacts.
Union Bancaire Privée discloses the proportion of its total direct operations workforce for each employee category by age group and the proportion of women in its total direct operations workforce for each employee category. Moreover, the financial institution discloses the proportion of its total direct operations workforce covered by collective bargaining agreements. Besides, it discloses a public commitment to protect personal data.
In terms of its approach to senior leadership accountability, Union Bancaire Privée has an opportunity to assign responsibility for sustainability to its highest governing body and link the remuneration of its executive or management teams to sustainability performance criteria. Furthermore, no evidence was found that the financial institution is committed to gender equality and women’s empowerment. Union Bancaire Privée could disclose the proportion of women in senior leadership roles as well as how it addresses any gender pay gaps. The financial institution has an opportunity to describe its engagement approach on sustainability themes and impact topics with clients.
There is no evidence that Union Bancaire Privée discloses a target to reach net-zero financed emissions by 2050. It has an opportunity to disclose the key sectors and companies it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. Furthermore, it could disclose its financing activities devoted to climate solutions. Regarding nature and biodiversity, no evidence was found that the financial institution is committed to minimising its negative impacts or financing regenerative solutions.
There is no evidence that Union Bancaire Privée has a publicly available policy statement committing it to respect human rights laid out in the UN Guiding Principles and the ILO declaration on fundamental rights at work. Therefore, it has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. To provide transparency on financial inclusivity, Union Bancaire Privée could disclose the amount of finance directed towards, for example, women-owned businesses, small- and medium-sized enterprises (SMEs) or low-income developing countries.
More about the company
Net income: CHF 1.13 billion; AUM: CHF 160.4 billion