If this assessment reveals

any non-compliance with our standard, UBS defines and

agrees, together with the vendor, on specific improvement

measures, which we monitor. Lack of improvement may lead

to the termination of the vendor relationship. (p5)

The remediation actions for this period included

the establishment of policy documents with mandatory

commitments and implementation procedures in the area of

environment, human and labour rights such as setting up

vendors’ own supply chain code of conduct, environmental

policy, human and labour rights policy. (p5)