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UBS and Society for Threatened Peoples Switzerland
Lead NCPSwitzerland
Supporting NCP(s)
DescriptionSpecific Instance submitted by Society for Threatened Peoples Switzerland, an NGO, concerning the alleged non-observance of the Guidelines by UBS, an investment bank and financial services company
Theme(s)General policies, Human rights
Date22 Jun 2020
Host country(ies)China (People’s Republic of)
SourceNGO
Industry sectorFinancial and insurance activities
StatusIn progress
Summary

On 22 June 2020, the Swiss NCP received a specific instance from Threatened Peoples Switzerland, an NGO, against UBS, an investment bank and financial services company, concerning alleged human rights violations in the context of its business relationship with the Chinese company Hikvision. According to the submitting party, Hikvision manufactures technology used to monitor Uighurs in the Chinese province of Xinjiang.

The Swiss NCP is undertaking an initial assessment in order to determine whether the issues raised merit further consideration.