CEO Alliance on Global Investors for Sustainable Development (GISD), following an invitation by UN Secretary-General António Guterres. The Alliance comprises 30 CEOs from across the globe and is aimed at harnessing the insights of private sector leaders on ways to unblock impediments and implement solutions for scaling long-term investment into sustainable development, in line with the SDGs.
Prominent financial institutions and businesses worth USD 16 trillion have pledged to scale-up sustainable investments globally, especially in countries most in need, as a result of the coronavirus pandemic.
UBS was also a founding signatory of the United Nations Principles for Responsible Banking (PRB), launched in September 2019. Under the UN PRB, leading banks around the world, holding a collective USD 47 trillion in assets and representing one third of the global banking sector, have pledged to align strategically with, and scale up, their contribution to the SDGs and the Paris Agreement on Climate Change.
By the end of 2021, UBS has committed to raise USD 5 billion of SDG-related impact investments, which aim to create a measurable positive social or environmental impact as well as a compelling return for our clients. As the world's leading global wealth manager, UBS launched the first 100% sustainable multi-asset portfolio for private clients, which includes innovative SDG-related impact investments in equities and bonds. The portfolio recently surpassed USD 7 billion in invested assets. In another example, UBS's Climate Aware strategy, with over USD 2 billion in assets under management (as at the end of June 2019), is underpinned by our Asset Management division's active corporate engagement program that is helping to drive positive change toward a low-carbon economy.