Financial services firm UBS has announced that it now manages £1.93bn worth of assets through its sustainable portfolio, more than double the size from when it first launched seven months ago. The portfolio was made available to UK investors in the private sector in June and has increased by almost £1bn since UBS first migrated £947m from a previous sustainable portfolio in January. “Our new sustainable portfolio has helped show clients that their investments can be fully sustainable without compromising on diversification and returns,” UBS’ UK head of wealth management, Eva Lindholm, said. Alongside World Bank bonds, green bonds and ESG equity funds, UBS also invests in shares of companies which sell products and services aimed at tackling particular environmental or social challenges. As part of the announcement, UBS revealed it is joining the Climate Bonds Initiative, which is aiming to mobilise $100trn for climate change solutions. .

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