Fair Money & Economic Opportunity

SLVO.US is an Exchange Traded Note (ETN), an investment product issued by UBS AG.

The ETNs are explicitly stated as not available to retail investors in the European Economic Area or the United Kingdom. The ETNs are intended for knowledgeable investors familiar with covered call strategies, indicating they do not target underserved or minority clients. Therefore, KPIs related to consumer lending, such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives, wealth building outcomes, profit reinvestment, debt burden ratio, and geographic inclusion, are not applicable to this product and score 0. The ETN provides real-time Intraday Indicative Value every fifteen seconds. The ETN reports the Index Closing Level on Bloomberg, offering real-time, no-cost APIs and customer data portals, which maps to a score of -10 for data accessibility. The product is described as intended for "knowledgeable investors who understand the potential consequences of investing in the Index," implying a high level of complexity, which maps to a score of -90 for product simplicity. No evidence was found regarding fair lending compliance for this specific ETN product, nor for financial literacy initiatives directly tied to the ETN's customer base.

Fair Trade & Ethical Sourcing

SLVO.US is an Exchange Traded Note (ETN) whose return is linked to a covered call strategy on silver shares. As an ETN, it is a debt obligation of the issuer and does not directly procure, trade, or manage physical commodities like silver. Consequently, the company does not have a physical supply chain, suppliers, or procurement activities related to materials. Therefore, all KPIs pertaining to fair trade certifications, supply chain audits, labor incidents, traceability, remediation processes, ethical sourcing clauses, high-risk materials, and supplier diversity are not applicable to its direct operations.

No evidence in the provided articles indicates any direct involvement of SLVO.US in the sourcing or supply chain of physical silver.

Honest & Fair Business

The provided articles do not contain any specific, concrete data points or evidence directly related to SLVO.US for any of the 'Honest & Fair Business' KPIs. Articles

, , , and explicitly state that the information is either not found, not applicable, or pertains to other entities such as TrustCo Bank Corp NY, UBS AG, or a group of major banks, rather than SLVO.US.

Kind to Animals

SLVO.US is an Exchange Traded Note (ETN), a financial product linked to a covered call strategy on silver shares. Its core business model does not involve physical products, animal testing, animal husbandry, animal-derived ingredients, or direct operations that impact wildlife habitats or engage in animal agriculture. The provided articles discuss various companies in the silver mining and jewelry industries, but none provide specific information or evidence regarding SLVO.US itself or its direct involvement in any activities relevant to the 'Kind to Animals' value.

Therefore, all KPIs are assessed as Not Applicable (N/A).

Planet-Friendly Business

Wheaton Precious Metals reported total Scope 1, 2, and 3 emissions of approximately 255,902.88 tCO₂e in 2023/2024, with Scope 1 being zero.

Its 2024 Scope 2 emissions were 93.1 tCO₂e, an increase from the 2018 baseline of 81.6 tCO₂e. The company has a Science-Based Target Initiative (SBTi) validated target to reduce Scope 2 emissions by 50% by 2030 from a 2018 baseline, and aims for 80% of Scope 3 financed emissions to be covered by 1.5°C aligned targets by 2040. As of December 2024, 86% of 2023 Scope 3 financed emissions were covered by targets aligned to 2°C or less, with 15% aligned to 1.5°C. Two mining partners, comprising 28% of Scope 3 financed emissions, have SBTi validated targets. The Vancouver office, accounting for 63% of total energy, uses hydroelectric power, and both the Vancouver and Cayman Islands offices are in LEED-certified buildings. Wheaton purchased nature-based and technology-based carbon removal credits to offset 1,036 tCO₂e in 2024, covering Scope 2 and Scope 3 employee travel and commuting. The company launched the Future of Mining Challenge, awarding $1 million for decarbonization technologies. Wheaton is a formal supporter of TCFD and published its inaugural Climate Change Report in line with TCFD recommendations, refreshing its climate scenario analysis in 2024 to include four pathways up to 2050. In 2024, 26% of Wheaton’s production came from areas designated as high or extremely high water stress. The company supports various community initiatives, including those focused on environmental sustainability, mitigating and adapting to climate change, and providing social and economic support to communities, deploying 1.5% of average net income from the prior four years towards these initiatives.

Respect for Cultures & Communities

UBS, the issuer of SLVO.US, provided CHF 165,000 in charitable giving to cultural heritage organizations, including CHF 20,000 for the restoration of Église Notre-Dame de la Visitation, which includes an archaeological site.

However, companies financed by UBS have been linked to significant negative impacts on cultural sites and indigenous territories. BrasilAgro was fined $2.5 million for illegal logging of protected areas in 2013 and cleared over 21,000 hectares of native forest by 2017. The Cerrejón mine, financed by UBS, was associated with the forced resettlement of an Afro-Colombian community from their territory. Marfrig, also financed by UBS, purchased cattle from suppliers operating in indigenous territories. Indigenous communities in Bolivia reported attacks, threats, and violence related to mining operations, with complaints filed but rejected or pending, indicating systematic unresolved issues. A 2017 Constitutional Court ruling required prior consultation for the Cerrejón mine, but the process was allegedly conducted later, indicating a lack of effective FPIC participation. Marfrig purchased cattle from suppliers based in indigenous territories, indicating engagement with suppliers impacting indigenous lands rather than supporting indigenous-owned suppliers.

Safe & Smart Tech

BlackRock, the sponsor of SLVO.US, requires annual information security training for its employees and contractors.

BlackRock deploys device encryption, application security, and code testing. No specific incidents of unauthorized data use have been mentioned. BlackRock uses multi-factor authentication and performs ongoing vulnerability and patch management. The company also engages in periodic assessment and testing of cyber risks, including tabletop exercises, threat modeling, and vulnerability testing. SLVO.US complies with US securities laws, and BlackRock's cybersecurity program is aligned with various regulatory frameworks.