UBS doubles sustainable assets to $2.5bn | Sustainable Procurement News | Scoop.it

Financial services form UBS has announced it now has a total of $2.51bn (£1.98bn) in ‘sustainable’ assets under management.
 UBS Group AG, a Swiss multinational investment bank, has a sustainable portfolio which it launched in January by migrating $1.2bn (£947mn) from a previous portfolio. Seven months later, this has increased by almost $1.27bn (£1bn). The portfolio aims to invest in shares of companies which are doing more to manage sustainability issues than their counterparts. It invests in World Bank bonds, green bonds, ESG equity funds, and companies with products or services to help solve environmental or social issues.