Launched in 2020, UBS’s venture and innovation unit, UBS Next, focuses on investments in the fintech and broader tech ecosystem. The newest addition to their portfolio is GIST Impact, a Nyon-based impact data and analytics provider, co-founded in 2008 by environmentalist Andre Hoffmann, Vice Chairman of Roche Holding, and environmental economist Pavan Sukhdev (CEO).
The provision of better impact data is critical in developing greater transparency for investors to help them manage their portfolios. New regulations and standards have also set a higher bar for measuring impact across value chains – whether through assessing impact materiality as part of the Corporate Sustainability Reporting Directive (CSRD) or evaluating natural capital impact as part of the Taskforce on Nature-related Financial Disclosures (TNFD).
GIST Impact delivers actionable impact intelligence to companies and investors, helping them measure their environmental and social impacts. GIST Impact works with investors representing over $8 trillion in assets under management. Its clients include some of the world’s largest banks, sovereign wealth funds, and technology firms.
The newest investment by UBS Next will support the expansion of GIST Impact’s product integrations with partners and the development of proprietary impact data and software solutions. GIST impact convinced the UBS team by highlighting how actionable impact intelligence and data will help investors manage their portfolios in a targeted manner and match opportunities and environmental and social impact. “This is a pre-requisite to create long-term sustainable outcomes.”, comments UBS Group CEO, Sergio Ermotti.
“This partnership with UBS marks a pivotal moment for GIST Impact as we set new standards for how companies and investors can integrate environmental and social considerations into their core business strategies”, says Andre Hoffmann.
His business partner Pavan Sukhdev adds: “We’re proud to partner with UBS to accelerate this next stage in our growth. Our world-leading impact data and intelligence algorithms empower investors to manage their portfolios towards better social and environmental outcomes and impacts. Furthermore, our impact valuation platforms help companies evaluate their impacts, dependencies, risks and opportunities, helping create long-term sustainable value.”
(Press release / SR)
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