SRI news: UBS in green data deal.
UBS Investment Bank said that its Alternative Research business has entered into a "strategic alliance" with Trucost, an environmental research organisation providing data and analysis on the carbon impacts of companies.
"Trucost helps investors, companies and governments understand how environmental issues will affect companies' business activities," the investment bank explained.
UBS Alternative Research's arrangement with Trucost will include joint marketing through collaboration with the bank's SRI research team, as well as investor calls, conferences and roadshows. In addition, 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.
Simon Thomas, Chief Executive of Trucost said, "Trucost was established in 2000 to help investors, companies and government to understand how companies' environmental impacts could affect their financial performance."
"More and more investors understand that environmental impacts have a cost, and that cost affects business performance," added Julie Hudson, Global Head of Socially Responsible Investing and Sustainability Equity Research.
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.
UBS Research covers more than 3,300 companies globally, representing 85 per cent of the world's market capitalisation.
2009 CPI Financial. All rights reserved.
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|Date:||Jun 10, 2009|
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