Economy and society
Objectives & Achievements 2019
Continue to engage in an active dialogue with policymakers and regulators in order to ensure the competitiveness and resilience of the financial sector.
We continued our longstanding dialogue with regulators and policymakers on various policy matters in 2019. Key topics included regulatory cooperation to avoid fragmentation of global standards, introduction of the new Basel III regulations in Switzerland as well as financial institutions’ share of responsibilities in combating climate change by supporting the transition to a low-carbon and climate-resilient global economy. We furthermore continued our engagement in various industry associations on both on a national and international level.
After the success of our global initiatives over the last decade and based on our long-running regional efforts, we want to build on our strengths and continuously adapt to changing needs within society. In 2019, we want to further develop our strategy and processes in the area of corporate citizenship in order to identify trends and issues at an early stage and to align our programs with them as effectively as possible. At the same time, we will strive to further optimize our internal resources.
In 2019, we thoroughly reviewed and updated our global Corporate Citizenship strategy, taking into consideration societal needs and developments in all the regions where we operate. Our newly introduced Future Skills program complements our two global initiatives in the areas of financial inclusion and financial education and is a natural evolution of our longstanding commitment to education in the communities where we live and work. It also helps us to even better leverage the resources at our disposal and to coherently showcase our programs and their impact in the different regions.