UBS Backs Social / Environmental Impact Specialist GIST

Zurich, Switzerland-based Impact data and analytics provider GIST Impact has received an unspecified investment from UBS Next, the Swiss bank's venture and innovation unit, with which to further expand its product integrations with partners, and further develop its proprietary impact data and software solutions.

GIST specialises in measuring, quantifying and valuing corporate impacts on society and the environment, and was founded in 2008. It now employs a team of more than 120 data scientists, engineers, ecologists and economists, and delivers location-specific impact data covering more than 14,500 companies. Clients include major global banks, sovereign wealth funds and technology firms needing to align with new regulations such as the Corporate Sustainability Reporting Directive (CSRD) and the Taskforce on Nature-related Financial Disclosures (TNFD) - in addition to optimising the selection and management of their investment portfolios.

Co-founder Andre Hoffmann comments: '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'. Sergio Ermotti, Group CEO of UBS adds: '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'.

Web site: www.gistimpact.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.