UBS launches ‘industry first’ philanthropic SDG investment range
UBS Investment Bank is launching a series of investment products aligned to the 17 United Nations Sustainable Development Goals (SDGs).
The new products will be linked to sustainability and impact screened indices based on various themes directed at specific investor groups, UBS said in a statement announcing the launch.
A pre-defined portion of revenues generated from within the investments will be donated as “philanthropic contributions” to a separate fund, managed by the UBS Optimus Foundation.
Among the themes will be a global sustainability index, a social equality based LGBTQ investment index, and an index linked to the environment and clean energy.
Michael Nelskyla, head of investor solutions Americas at UBS Investment Bank said that the new series of products represents an “industry first that allows UBS Investment Bank clients to “pursue all three goals through a single investment”.
In its role, the UBS Optimus Foundation will identify and support suitable SDG-aligned programs. It will also track each program’s progress and provide a “rigorous evaluation” of the impact achieved by the investment.
“Collaboration is key at UBS, and we’re delighted to be partnering with the Investment Bank in this exciting new venture,“ said Phyllis Costanza, chief executive, UBS Optimus Foundation.
“We look forward to sharing our philanthropic expertise and experience to deliver transformational and sustainable change to those who need it most.”