Axel Weber, Chairman of UBS, said: "The UN Sustainable Development Goals define the world's aspirations in addressing social and environmental issues. The 17th SDG – strengthening implementation and revitalizing the global partnership for sustainable development – will be critical to meeting the SDGs' 2030 deadline. UBS will continue to initiate collaborations that address the SDGs overall and SDG 17 specifically."
Sergio Ermotti, Group CEO of UBS, said: "We are pleased to announce initial success in our commitment to help meet the UN SDGs, including our new partnership with the World Bank. As the 2030 deadline for the SDGs approaches, we look forward to working with our clients and other financial institutions on ways of tackling the world's sustainability challenges."
Mark Haefele, Global Chief Investment Officer (CIO) at UBS Wealth Management, said: "Partnerships between multilateral development banks, the financial industry, private wealth, philanthropists, and social enterprises are absolutely critical to funding the SDGs. For investors, they also provide a range of opportunities that can generate above-market risk-adjusted returns."
Simon Smiles, CIO for Ultra High Net Worth at UBS Wealth Management and a World Economic Forum Young Global Leader, said: "As the world's leading wealth manager, we are committed to providing our clients with the world's leading sustainable and impact investments across asset classes, along with highly innovative, impactful partnerships in philanthropy and social entrepreneurship."
Phyllis Costanza, CEO of the UBS Optimus Foundation, said: "Innovative social finance and philanthropy will play a key role in achieving the SDGs. UBS is partnering with governments on new international aid financing instruments like development impact bonds to harness the power of its network and expertise towards addressing some of the most challenging social issues."
The white paper (available in full at www.ubs.com/cio) also outlines the key lessons UBS has learned from partnering with others to meet shared sustainability challenges: