UBS Global Wealth Management launched the white paper ‘Awareness, Simplification, and Contribution".The paper presents an investment roadmap for meeting the SDGs, and outlines potential solutions to achieve this objective
UBS Global Wealth Management launched the white paper titled, ‘Awareness, Simplification, and Contribution,’ which sets out ways to ensure that more private capital goes towards addressing the SDGs, in an accelerated manner. The paper was presented by UBS Chair Axel Weber, who argued that the SDGs can only be achieved by raising awareness and channeling personal preferences for investing sustainably.
The paper presents an investment roadmap for meeting the SDGs, and outlines potential solutions to achieve this objective, including:
- Simplifying and standardizing definitions and measurements related to the SDGs and sustainable development;
- Aligning investments with personal sustainability interests, and helping investors achieve their financial goals, while addressing social and environmental causes they care about;
- Increasing public awareness about the SDGs, and highlighting that individual investors can make a difference;
- Defining impact investment and measurement coherently and consistently;
- Using publicly traded strategies in traditional portfolios, focusing on market-rate performance and having a positive social and environmental impact;
- Adopting a 100% sustainable investing asset allocation; and
- Making philanthropy more collective and collaborative.
UBS also announced the launch of a pilot programme to enable investors to: rate their concern for environment, social and governance (ESG) factors, such as climate change and water; express their preference in a personalized sustainability score; and compare their score against more than 20,000 ESG-rated stocks and bonds to determine the best match. The pilot programme takes place in the first quarter of 2019.
Are these the solutions to achieve the United Nations Sustainable Development Goals? We believe that the UN Sustainable Development Goals (SDGs) will not be reached until:
- People are more aware of the SDGs
- Sustainability is easier to understand
- There are more solutions that enable the public to make a real contribution to people and planet.
UBS outlines eight potential solutions on how to improve the sustainable investing, giving, and consumption ecosystems to mobilize greater support for tackling world's most urgent challenges.
ABOUT: UBS Group AG is a Swiss multinational investment bank and financial services company founded and based in Switzerland. Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centers as the largest Swiss banking institution in the world.