UOB steers customers’ wealth to sustainable investments
United Overseas Bank (UOB) has integrated environmental, social and governance (ESG) considerations into its full suite of investment solutions, including unit trusts, bonds and structured products, offered to consumers across segments. The move is part of the Bank’s commitment to driving growth sustainably by working with like-minded partners in designing and offering solutions that enable customers to support environmental and social responsibility through their investments.
UOB has developed a structured due diligence framework for the selection of solution providers to ensure the partners demonstrate commitment to addressing ESG risks and opportunities. Solution providers must have operationalised policies and processes in place and/or adopt or align to globally-recognised standards from the Principles for Responsible Investment (PRI), Task Force on Climate-related Financial Disclosures (TCFD), Sustainability Accounting Standards Board (SASB) and CDP.
The integration of ESG considerations into UOB’s retail investment solutions is rooted in the Bank’s Risk-First wealth advisory approach which aims to help customers protect and safeguard their assets before taking on more risk through tactical investments.
Ms Jacquelyn Tan, Head of Group Personal Financial Services, UOB, said, “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
Re-disseminated by The Wealth and Society