Carbon-related assets on UBS’s balance sheet was slashed by more than 40% to US$1.9 billion, or 0.8% of its total gross banking products exposure.
SINGAPORE (Mar 5): UBS, the world’s largest wealth manager, now has US$488 billion ($676 billion) worth of core sustainable investments under its belt.
This amounts to some 13.5% of its invested assets as at end-2019, the bank reported on Thursday. This was more than double the figure of 5.6% in the previous year.
