Sustainability Magazine August 2024 | Page 134

SUPPLY CHAIN
“ We have such an interesting and diverse range of partners who all bring innovative technologies and ideas to the table ,” Alice continues . “ We learn from the banking sector around how they ’ ve developed credible removal strategies . It ’ s a great privilege to have that kind of resource and those people to work with .
“ UBS has been fantastic as an advisory partner on good governance credibility and advocating for sustainable fuels .”
UBS , one of the world ’ s largest wealth managers , joined the Mercedes team as a partner in 2011 .
“ We sponsor the Mercedes team because we align with them so well in vision and sustainability ,” says Michael Baldinger , Chief Sustainability Officer at UBS .
“ We ’ ve learnt from Formula 1 how impressive it is and if you have the right mindset , the right people working on solutions you can really transform a sector .”
UBS ’ innovative work in climate works in tandem with the Mercedes team and supports the stakeholder management .
The first bank to obtain ISO 14001 certification for worldwide environmental management system , UBS works with its clients to mitigate climate risk , manage assets and investments and support stakeholder expectation management .
What is next for the Mercedes-AMG PETRONAS Formula One Team ? In performance and sustainability , the team plans to continue learning , developing , building on successes and exploring failures and challenges to build success .
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