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UBS has made important contributions to the development of impact investing over the last 12 months – one of the reasons for the bank’s Achievement in CSR award.
In 2014 the bank was involved in the G8 Taskforce report on social impact investment, which calls on global governments to modernise their fiduciary duty concepts and on trustees to take account of impact investing.
The group is also part of the World Economic Forum’s Mainstreaming Impact Investing initiative, which promotes this way of investing globally and engages in research.
Christian Leitz, head of corporate responsibility management at UBS, is enthusiastic about the prospects.
“Impact investing is still at the beginning of its evolution. These major organisations [G8 Taskforce and WEF] are trying to make sense of it and get a grip on the term, which is good. At present it’s still a small area of finance globally, but, according to the G8 report, it has the potential of unleashing up to $1 trillion of new investment in the near future.”
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UBS and Society is an important development for us, with all business divisions involved Christian Leitz, UBS |
To UBS, sustainability in banking means both seizing opportunities and managing risk.