UBS Investment Bank clients will have access to customized Trucost data and research on the impact of carbon and other environmental concerns on corporations and investments in an agreement between the two companies, according to a UBS statement today.
The venture expands UBS alternative, or SRI, research and will include joint marketing by UBS alternative research team and Trucost, a research and database firm specializing on the financial effect of corporations environmental impact.
Trucost uses a proprietary cost methodology to analyze a companys emissions, natural resource usage and other environmental factors, including the financial risk of climate change regulation, to determine the effect on corporate performance. UBS clients include hedge funds, other investment managers and corporations, said Allison Chin-Leong, UBS spokeswoman.
The demand for socially responsible and environmentally conscious research has risen sharply, Mark Steinert, global head of equities research at UBS, said in the statement.
Julie Hudson, UBS global head of socially responsible investing and sustainability equity research, said in the statement, More and more investors understand that environmental impacts have a cost, and that cost affects business performance.