UBS pilots new Drought Stress Test Tool
Zurich05 Apr 2017, 07:30 CESTCorporate Responsibility
The new Drought Stress Test Tool is a crucial step toward improved environmental risk management in the financial sector. The open-source tool, which is being launched at the Environmental Finance Conference in London today, is a major innovation that allows lenders to analyze drought risks for the first time. UBS partnered with financial institutions and environmental experts worldwide on the pilot project.
