We gather developments and commentary in and around the ESG investment space.
Singapore-based United Overseas Bank has embedded environmental, social and governance ideas into its investment solutions, including unit trusts, bonds and structured products offered to consumers across segments.
UOB has developed a due diligence framework to choose solution providers to ensure that they show they are committed to addressing ESG risks and opportunities. Solution providers must have set up operations and policies or have adopted international standards such as the Principles for Responsible Investment, Task Force on Climate-related Financial Disclosures and Sustainability Accounting Standards Board.
“At UOB, we are committed to making the right financial products accessible to different customer segments. This extends to the provision of responsible solutions to all our customers so that they too can play their part in sustainable development simply through every investment they make,” Jacquelyn Tan, head of group personal financial services, UOB, said.
UOB said that it is offering ESG-focused products. These include unit trusts such as UOB Asset Management’s United Sustainable Credit Income Fund and the Allianz Global Sustainability Fund, as well as green bonds selected from the constituents of the Bloomberg MSCI Green Bond Index.