Thu, March 27, 2025
Wed, March 26, 2025

Ethos rejects UBS pay, buybacks and sustainability report

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Proxy advisory firm Ethos on Thursday urged UBS shareholders to reject the bank's remuneration, share buyback program and sustainability report at its upcoming annual general meeting.
Ethos Foundation, a Swiss shareholder advisory group, has recommended that shareholders of UBS Group AG vote against the bank's proposed executive compensation and share buyback plans at the upcoming annual general meeting on April 24, 2025. Ethos criticized UBS for not linking executive pay to sustainability performance, particularly in light of the bank's acquisition of Credit Suisse. They argue that the current compensation structure does not adequately reflect the integration of environmental, social, and governance (ESG) criteria. Additionally, Ethos expressed concerns over the proposed CHF 1 billion share buyback, suggesting it might not be in the best interest of long-term value creation. They also called for UBS to publish a sustainability report by 2025, highlighting the need for transparency in how the bank addresses climate change and other sustainability issues.

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[ https://www.reuters.com/business/finance/ethos-rejects-ubs-pay-buybacks-sustainability-report-2025-03-27/ ]