ESG & Investing
UBS Private Event Draws Clients to Fast-Growing ESG Idea
- Banks are seeking foothold in fast-growing biodiversity market
- It’s about finding profitable deals for clients, Berkey says
UBS is exploring the use of carbon and biodiversity credits to help build a business model for marine-protected areas.
Photographer: Alexis Rosenfeld/Getty ImagesUBS Group AG just held its first-ever conference dedicated to the ESG theme of biodiversity, signaling its ambitions to grow in a business area that Credit Suisse had targeted for expansion before its collapse.
Judson Berkey, group head of engagement and regulatory strategy at UBS, said the goal is to figure out “what would help unblock finance” for deals focused on protecting natural capital.