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UBS CEO joins an alliance that aims to make the world a better place

UBS Sergio Ermotti joins the CEO Alliance on Global Investors for Sustainable Development (GISD), a group founded last April that aims to make the world a better place, as UBS announced on Wednesday. UBS will become part of the GISD association of companies committed to strengthening and accelerating efforts to align their businesses with the UN’s Sustainable Development Goals (SDG).

Published

4 years ago

October 24, 2019

Leah Marie Angelou

UBS CEO Sergio Ermotti joins an exclusive manager alliance that aims to make the world a better place. The big bank itself is now working side by side with the UN.

Sergio Ermotti joins the CEO Alliance on Global Investors for Sustainable Development (GISD), founded last April, as UBS announced on Wednesday. The exclusive club of 30 financial managers, including Scott Mather of the US investment firm Pimco, got invitation by UN Secretary General António Guterres to join.

At the same time, UBS will become part of the GISD association of companies committed to strengthening and accelerating efforts to align their businesses with the UN’s Sustainable Development Goals (SDG).

switrzerland — Switrzerland’s bank promotes investments. (Source)

5 billion dollars for impact investments

According to the announcement, UBS has set itself the goal of becoming a member of UBS by the end of 2021, with a target of approximately $5 billion in impact investments with positive social and environmental returns. Moreover, the cost of achieving the UN’s sustainability goals has estimatation at several trillion dollars per year.

Two years ago, Switzerland’s largest bank started to promote sustainable investments on an industrial scale. In addition, CEO Ermotti personally involved in a number of activities. Since last June, for example, he wore “Togetherband” bracelets. Those, which symbolise the 17 SDG goals and are intended to help bring these goals closer.

(Featured Image By Boris Baldinger)

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Leah Marie Angelou

Leah Marie Angelou is an LGBTI activist and equality advocate. She has been a writer for several feminism-focused groups for nearly a decade. Her pieces are often focused on career development and the workplace. She also regularly covers personal and micro-finance, business management and entrepreneurship. Recently she has also focused on covering the promising CBD and hemp industry.