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1、aUBSOur commitment tothe environmentExtract from the UBSEnvironmental Report 1998-99ForewordThe Group Executive Boards viewOn 15 July 1998,shortly after the merger,the Group Executive Board ofUBS AG passed the new environmentalpolicy.This signalizes the high priorityUBS assigns to environmental issu
2、es.For UBS,environmental sustainabilityplays a considerable part in solid andresponsible management practices.Our environmental policy concentrateson the fields of banking,in-house ecology and environmental manage-ment.In banking,we aim to takeadvantage of environmental opportuni-ties and duly take
3、environmental risksinto account in our risk management.With regard to in-house operations,we wish to reduce air,soil and waterpollution whilst focusing on the reduc-tion of greenhouse gas emissions.Westrive to ensure the efficient implemen-tation of our measures by a lean andeffective environmental
4、managementsystem.In all our efforts,we seek openand active dialogue with all stakehold-ers concerned.UBS AG is a globally active,dynamicfinancial institution and,as such,mustpay regard to the objectives of its divisions and also to the varyingdemands and aspirations of sharehold-ers,clients,staff an
5、d society.The implementation of our environmentalpolicy,therefore,presents a specialchallenge for all involved.Over the past few months we havedeveloped our existing environmentalmanagement system further,in accor-dance with the requirements of the ISO 14001 international environmentalstandard.SGS I
6、nternational Certifica-tion Services AG recently confirmedthat our system conforms to theserequirements.This means that we arethe first financial service institution tohave a world-wide environmental management system certified accordingto ISO 14001.We are proud to present,with this report,our own c