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UBS Group AG (2023)
| Signing Date | 04 Jun 2003 |
| Region of Headquarters: | Europe |
| Current EPFI Reporting Year/Period: | 2023 |
| Institutional Reporting: | Link to Report |
Please read the important notes and disclaimer for further information on ‘EPFI Reporting’, compliance and publication on the EP website.
Further information on this EPFI may be obtained through the Institutional Reporting hyperlink.
Project Finance Advisory Services
Total number mandated in the reporting period: 0
Project Finance Transactions
Total number that reached Financial Close in the reporting period: 2
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | |||
| Oil & Gas | |||
| Power | |||
| Others | 2 | ||
| Region | |||
| Americas | 1 | ||
| Europe, Middle East & Africa | 1 | ||
| Asia Pacific | |||
| Country Designation | |||
| Designated Country 4 | |||
| Non Designated Country | 2 | ||
| Both | |||
| Independent Review | |||
| Yes | 2 | ||
| No | |||
| Totals | 2 | ||
1
Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.
2
Category B – Projects with potential limited adverse environmental and social risks and/or impacts that are few in number, generally site-specific, largely reversible and readily addressed through mitigation measures.
3
Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.
4
Designated Countries are those countries deemed to have robust environmental and social governance, legislation systems and institutional capacity designed to protect their people and the natural environment.
Project-related Refinance & Project-related Acquisition For Project Finance
This information is required under EP4. EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.
Project Name Reporting For Project Finance (And Project-related Refinance & Project-related Acquisition Finance For Project Finance)
| No. | Project Name | Sector | Project Location(s) | Year of Financial Close |
|---|---|---|---|---|
| 1 | Anhydrous ammonia plant | Others | Mexico | 2023 |
| 2 | Ras Laffan Petrochemical Project | Others | Qatar | 2023 |
Project-Related Corporate Loans
Total number that reached Financial Close in the reporting period: 5
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | 1 | 1 | |
| Oil & Gas | |||
| Power | 1 | ||
| Others | 1 | 1 | |
| Region | |||
| Americas | 1 | ||
| Europe, Middle East & Africa | 1 | ||
| Asia Pacific | 2 | 1 | |
| Country Designation | |||
| Designated Country 4 | |||
| Non Designated Country | 3 | 2 | |
| Both | |||
| Independent Review | |||
| Yes | 3 | 1 | |
| No | 1 | ||
| Totals | 3 | 2 | |
1
Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.
2
Category B – Projects with potential limited adverse environmental and social risks and/or impacts that are few in number, generally site-specific, largely reversible and readily addressed through mitigation measures.
3
Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.
4
Designated Countries are those countries deemed to have robust environmental and social governance, legislation systems and institutional capacity designed to protect their people and the natural environment.
Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans
This information is required under EP4. EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.
Project Name Reporting For Project-related Corporate Loans (And Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans)
| No. | Project Name | Sector | Project Location(s) | Year of Financial Close |
|---|---|---|---|---|
| 1 | Terminal expansion | Infrastructure | Uruguay | 2023 |
| 2 | Upgrading of production facilities | Others | Uzbekistan | 2023 |
| 3 | Pulp & Paper Mill | Others | Indonesia | 2023 |
| 4 | High Speed Railway Project | Infrastructure | Turkiye | 2023 |
Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 1
Under EP4, project name reporting is encouraged for Project-Related Corporate Loans that have reached Financial Close and required for Project Finance transactions that have reached Financial Close.
EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.
Implementation of the Equator Principles
For the reporting year 2023, Equator Principles implementation for UBS Group AG was led by Credit Suisse AG since UBS only became an EP signatory in December 2023.
In 2023, the SCR (Sustainability & Climate Risk) team at Credit Suisse, comprising dedicated specialists, performed due diligence on Equator Principles transactions, as well as other transactions that entailed potential sustainability risks. Pertinent training and advising on the appropriate application of the Equator Principles and wider SCR management procedures and policies was provided. These processes were put in place to ensure that the bank meets its commitments under the Equator Principles.
In 2023, Credit Suisse sector policies and guidelines required the submission of Equator Principles transactions to SCR for review. These policies and guidelines also required that in case of significant environmental and social issues associated with a transaction, the business escalates the prospective transaction to the Reputational Risk Review Process, for consideration by members of senior management. Senior management also holds the business accountable for implementation of Credit Suisse sector policies and guidelines.
Throughout 2023, the Credit Suisse Executive Board Risk Management Committee had the responsibility for overseeing the reputational risk process and delegated authority to the Global and Divisional Client Risk Committees for transaction level decision-making. A transaction, activity, relationship, or submission to the RRRP may be escalated to the Divisional Client Risk Committee (DCRC), or in specific cases, to the Group Client Risk Committee (GCRC).