UBS Life Climate Aware World Equity A GBP (Life)
SRI / Ethical Overview
Our new, low cost solution aims at providing investors with an innovative, rules-based equity fund, designed to capitalise on the long-term transition to a low GHG emissions economy and invest more in companies at the heart of this transition, as well as those adapting their operating models to help model the future we all want to live in.
The Fund aims to deliver returns broadly in line with the FTSE Developed Index with a maximum tacking error of +/-0.50%. Our approach allows an increase or decrease exposures to constituents of the index based on their expected contributions towards climate change.
A ‘negative’ tilt is used to reduce the size of the investment in companies that have worse than average greenhouse gas emissions when converted to tonnes of CO2 equivalent, companies producing energy from coal, and companies with reserves of coal, oil, and gas.
A ‘positive’ tilt is used to increase the size of the investment in companies providing renewable energy or supporting technology, and companies performing in line with 2oC globally agreed climate change goals. This positive tilt also constitutes a differentiator with respect to products that rely only on reducing the portfolio's carbon emission.
SRI Policies (Primary strategy in bold)