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UOB integrates ESG considerations into investment solutions for consumers

Felicia Tan
Felicia Tan10/29/2020 04:14 PM GMT+08  • 2 min read
UOB integrates ESG considerations into investment solutions for consumers
The move is part of the bank’s commitment to driving growth sustainably.
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United Overseas Bank (UOB) has integrated environmental, social and governance (ESG) considerations into its suite of investment solutions including unit trusts, bonds and structured products for its consumers across all segments including personal banking and privilege banking.

The move is part of the bank’s commitment to driving growth sustainably by working with like-minded partners to enable its consumers to support environmental and social responsibility through their investments.

Customers seeking sustainable investments that make a positive impact on the environment may also consider UOB’s ESG-focused products. These include unit trusts such as UOB Asset Management’s United Sustainable Credit Income Fund and the Allianz Global Sustainability Fund.

“We are encouraged by our customers’ strong interest in sustainable investing. Our transaction data reiterates the findings of our recent UOB ASEAN Consumer Sentiment Study. The study found that almost nine in ten consumers in Singapore are interested to find out more about sustainable investing, will consider making a sustainable investment or already have sustainable investments in their portfolios,” says Jacquelyn Tan, head of group personal financial services at UOB.

“This openness to sustainable investing can be attributed to their understanding that sustainable investments provide financial returns while enabling them to do good. In forging a sustainable future with our customers, we will continue to roll out more solutions that will enable them to contribute to the social and environmental well-being of the wider community,” she adds.

As at 4.12pm, shares in UOB are trading 20 cents lower or 1.0% down at $19.20.

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