UBS Group Chief Executive Officer Ralph Hamers said: “Sustainable finance is a part of mainstream investing and a strategic growth opportunity for us. We expect increased investor focus on environmental, social and governance considerations after COVID-19, with rising demand for corporate transparency and stakeholder accountability. We aspire to do much more to help clients transition to sustainable ways of doing business, to ensure their long-term success in this rapidly changing world, and to support them in fulfilling their responsibility to society. Holding the top ranking of the Dow Jones Sustainability Index for six years in a row confirms that UBS is on the right path.”
As the largest truly global wealth manager, UBS helps clients to invest in a better future. In 2019 alone, the firm's clients increased their sustainable investments by 56% to nearly USD 490bn. As investors re-assess their portfolios in the pandemic crisis, they have broadly added to sustainable investing strategies. UBS has taken major steps to further advance sustainability in its strategy.
- In Global Wealth Management, for example, UBS designated sustainable investments as the firm’s preferred approach for private clients. UBS was the first major global financial institution to make this recommendation. In the first nine months of 2020, UBS saw net sales of USD 3.7bn for Global Wealth Management's 100% SI multi-asset mandate, with assets now about USD 13.5bn.
- In Switzerland, UBS offers a broad range of investments and financing solutions for private, corporate and institutional clients. The UBS pension offering, which covers Swiss occupational pensions and private retirement investments, has been repositioned to follow strict Environmental, Social and Governance criteria.
- In Asset Management, UBS extended its Climate Aware suite of strategies, delivering on the commitment made at the WEF Annual Meeting 2020 and enabling clients to reduce the carbon footprint of their portfolios in line with their sustainability goals while meeting their financial objectives. UBS Asset Management more than doubled its sustainability focused assets to USD 78bn during the first nine months of the year.
- In 2020 UBS created the UBS Hub for Sustainable Finance, a platform to share insights from our firm’s experts and from our extensive network on pivotal questions on sustainability and climate transition’s impact upon markets and longer-term asset allocation.
The DJSI’s assessment covers everything from employee diversity to community engagement and includes climate activities, corporate governance and respect for human rights. UBS is among the top ranked companies across a wide range of criteria including Sustainable Finance, Risk & Crisis Management, Operational Eco-Efficiency, Climate Strategy, Talent Attraction & Retention, Corporate Citizenship & Philanthropy, and Human Rights.
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