UBS and Trucost team up for carbon impact services
UBS Investment Bank’s Alternative Research business has entered into a strategic alliance with Trucost Plc., an environmental research organisation providing data and analysis on the carbon impacts of companies.
Through the alliance, UBS will facilitate access to Trucost’s products and services, which includes analyses of company emissions, natural resource usage, and other environmental impacts based on a proprietary external cost methodology.
“The demand for socially responsible and environmentally conscious research has risen sharply,” said Mark Steinert, global head of equities research at UBS. “Our alliance with Trucost enhances our ability to provide our clients with highly relevant and differentiated perspectives that will support both their investment goals as well as their philosophies.”
“Trucost was established in 2000 to help investors, companies and government to understand how companies’ environmental impacts could affect their financial performance,” said Simon Thomas, CEO of Trucost. “With the world’s largest and most comprehensive database of corporate environmental impacts covering the world’s major indices, Trucost looks forward to working with UBS to help its clients understand and reduce their investment exposure to the financial risk of climate change regulation.”
Since 2008, UBS Alternative Research has formed strategic alliances with four other firms including Integrity Research, Governance Metrics International, America’s Research Group and Noble.
