Why are we moving ESG (“E“ for Environment, ”S“ for Social and “G“ for Governance) into the spotlight? Because it is an integral part of our green. smart. and more. strategy. Here, the pandemic significantly increased the pace of change. Sustainability (green), intelligent buildings (smart) and added value (more) were, of course, important issues for us in the past. But now, we are making them the focal point of our actions. This starts with the acquisition, leads to the question of whether a project can be realised with wood construction and ends with the building’s CO2 footprint over its entire life cycle. In other words: ESG defines UBM’s entire value chain.
It is, therefore, only logical that we are also committed to integrating the UN Global Compact and its principles into our corporate strategy, our corporate culture and our daily business activities in order to support the UN Sustainable Development Goals. UBM has joined the Global Compact and confirmed this participation in a letter to the Secretary General of the United Nations in March 2021. Since April 2021 UBM is official participant of the Global Compact. Our ESG report follows the recognised GRI standards issued by the Global Reporting Initiative. And as you can see in the many English expressions, UBM is becoming part of a global movement. Our employees have enthusiastically embraced this strategic green. smart. and more. orientation. For our suppliers and customers, it also appears to be the long-awaited catalyst.
And UBM is also one of the first companies on the Vienna Stock Exchange to establish an ESG committee at the Supervisory Board level. And, in the end, we are especially proud that our new Supervisory Board‘s ESG committee is a first for UBM with its entirely female composition.
What‘s more, our first attempt resulted in an ESG rating that catapulted us to the top of our branch. We invite you to accompany us into a green. smart. and more. future.
UBM is committed to the United Nations Sustainable Development Goals (SDGs), which were adopted by all UN members in 2015 as the 2030 Agenda for Sustainable Development. Governments as well as companies are called upon to make a contribution to reaching these goals.
In connection with a materiality analysis and a risk and impact assessment, UBM dealt with the SDGs and the related sub-goals in detail and identified the goals where the company can make a direct contribution to the Agenda 2030.
Our actions are also based on the ten principles of the UN Global Compact. UBM joined this “Network of the Future“ in 2021. Moreover, UBM has been an official supporter of the Task Force on Climate-related Financial Disclosure (TCFD) since 2021, joining more than 2,500 organizations in demonstrating a commitment to safeguarding against climate risk and building a more resilient financial system through better disclosures.
An intensive dialogue with stakeholders is guaranteed and reinforced by UBM’s participation in various organisations and branch associations. The company has been a member of the Institute for Corporate Governance (ICG) since 2019 and contributes to the ICG’s social impact investment initiative. In addition, UBM is a member of respACT (Austrian Council for Sustainable Development), ÖGNI (Austrian Sustainable Building Council) and the IG Lebenszyklus Bau, among others.
The leading global ESG rating agencies have confirmed the effective implementation of UBM’s strategic focus on green. smart. and more.
ISS ESG: Prime Status for UBM Development
ISS ESG awarded UBM “Prime Status” (level “C+”) which makes UBM the most sustainable company in its branch in Germany and Austria.
The ISS ESG evaluation covers companies’ ecological and social performance based on a corporate rating scheme with over 100 selected branch-specific ecological, social and corporate governance criteria.
EcoVadis: Gold for UBM Development
The first evaluation by the internationally recognised ESG rating agency EcoVadis led to Gold for UBM Development AG. UBM now belongs to the top two per cent in the branch. Among the 75,000 companies graded by EcoVadis, UBM now ranks in the top five per cent.
The evaluation is based on 21 criteria from the four most important sustainability aspects: environment, labour and human rights, ethics and sustainable reporting. UBM’s performance exceeded the branch average in all four categories.