06.21.2024

UBS Next Invests in GIST Impact

06.21.2024
UBS Next Invests in GIST Impact

GIST Impact delivers actionable impact intelligence to companies and investors, helping them easily measure their environmental and social impacts. The firm’s data and software are founded on a science-based, location-specific and standards-aligned approach, drawing on over 16 years of experience measuring and valuing impact. Its clients include some of the world’s largest banks, sovereign wealth funds, and technology firms.

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).

The investment from UBS Next will support the further expansion of GIST Impact’s product integrations with partners and development of proprietary impact data and software solutions, including preparations for CSRD and TNFD requirements where clients require most support.

Andre Hoffmann, Co-Founder of GIST Impact said:

“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. Our collaboration is more than an investment; it’s a shared commitment to foster a more sustainable future where financial success is inextricably linked to positive impact on the planet and society. We are thrilled to join forces with UBS to drive this change forward, ensuring that our clients are not just prepared for the future but are actively shaping it.”

Sergio Ermotti, Group CEO of UBS said:

“We believe that 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.”

Pavan Sukhdev, Co-Founder and CEO of GIST Impact said:

“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.”

Source: GIST Impact

Related articles

  1. Ultramarin and Baader Bank listed an AI-driven active ETF in Germany.

  2. Revenue was 34.2% more than in the previous quarter and 11.1% less than a year earlier.

  3. Governor Bowman said the response to the U.S. capital proposal was overwhelmingly negative.

  4. 48 private firms will take part in the second wave of the Eurosystem’s exploratory work.

  5. The bank’s downtown Miami office will double in size to accommodate 400 additional employees.