UOB fuses ESG concerns into investment solutions

It has built a framework to ensure partners' commitment to ESG risks.

UOB has integrated ESG considerations into its full suite of investment solutions, including unit trusts, bonds and structured products, a statement read.

The bank has built a structured due diligence framework for the selection of solution providers to ensure that partners show commitment to addressing ESG risks and opportunities.

Solution providers must have operationalised policies and processes in place and 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.

UOB is offering products 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.