January 2017 | 2 min read
In its white paper for the World Economic Forum (WEF) Annual Meeting in Davos, UBS unveils a blueprint for channeling private wealth towards the United Nations Sustainable Development Goals (UN SDGs) - one aspect of the WEF’s Annual Meeting theme "responsive and responsible leadership".
- According to the white paper's findings, which included contributions from the WEF, private wealth could play a much bigger role in funding the SDGs, yet most initiatives ignore it.
- Private capital is likely to be critical in achieving the SDGs of: zero hunger; quality education; good health and well-being; affordable and clean energy; sustainable industry, innovation, and infrastructure; and climate action.
- After raising a record sum for its Oncology Impact Fund in 2016, UBS will offer a range of new thematic and pooled impact investments and commits to join other major institutions to support Align17 - a WEF Young Global Leaders initiative to create an investing and philanthropic platform focused on addressing SDG funding gaps.
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