UBS Launches Collective Philanthropy Initiative to Help Clients Address Critical Global Issues
October 07 2021 - 9:00AM
Business Wire
- UBS Collectives will address child protection, climate
change, health, and education-related issues
- By mobilizing its capital and expertise, the UBS Collectives
support underfunded approaches to reduce inequalities
Harnessing the power of collective philanthropy, UBS today
announced the launch of UBS Collectives (“Collectives”), an
innovative social-impact initiative that connects UBS’s
philanthropic clients on issues that matter most to them. Led by
UBS’s Philanthropy Services team, UBS Collectives will help clients
combine their expertise and mobilize their capital to fund
initiatives that address child protection, climate change, health,
and education-related issues.
“Our goal is to mobilize private capital and support effective
programs to address some of the most critical challenges of our
time, which can best be addressed by working together,” said
Phyllis Costanza, Head of Social Impact at UBS and CEO of the UBS
Optimus Foundation. “We are excited to offer clients the unique
opportunity to work alongside their peers and expert practitioners
to drive systemic change across some of the most complex
philanthropic issues.”
Clients will have the opportunity to participate in the
following UBS Collectives:
- Transform Collective will support family-based care for
vulnerable children as an alternative to institutional care. These
philanthropists will aim to reform policies and practices to
protect vulnerable children, strengthen families, and reduce the
number of children living in institutional care facilities
(estimated between five to six million children worldwide1).
- Climate Collective will develop and implement strategies
that mitigate the effects of climate change, sequester carbon
emissions using nature-based solutions, support local community
development and improve biodiversity in Southeast Asia and
beyond.
- Accelerate Collective will explore innovative social
finance models to unlock more-effective funding that will improve
the health and education of disadvantaged children in West Africa
and Southeast Asia.
“Wealthy philanthropists are interested in more than just
donating money – they want to become advocates for the issues they
are passionate about,” said Tom Hall, Global Head of Philanthropy
Services at UBS. “To do that, they want to fully understand the
root cause of those issues and work with likeminded individuals and
experts to create solutions to address them.”
UBS’s Philanthropy Services team will mentor and provide
guidance to the members of the Collectives over the course of three
years. During the first year, each Collective will build a
framework tailored to their respective philanthropic issue, focused
on strategy, implementation and measurement of program impact.
In the second year, members will travel to the locations
relevant to their Collective, where they will put their learnings
from year one into practice. All three UBS Collectives will then
convene through webinars, in-person conferences and additional site
visits to monitor the progress made by their efforts.
Learn more about collective philanthropy and the UBS
Collectives here and listen to a webinar on the initiative as part
of UBS Digital Philanthropy Week here.
Notes to Editors
About UBS
UBS provides financial advice and solutions to wealthy,
institutional and corporate clients worldwide, as well as private
clients in Switzerland. UBS is the largest truly global wealth
manager, and a leading personal and corporate bank in Switzerland,
with a large-scale and diversified global asset manager and a
focused investment bank. The bank focuses on businesses that have a
strong competitive position in their targeted markets, are capital
efficient, and have an attractive long-term structural growth or
profitability outlook.
UBS is present in all major financial centers worldwide. It has
offices in more than 50 regions and locations, with about 30% of
its employees working in the Americas, 30% in Switzerland, 19% in
the rest of Europe, the Middle East and Africa and 21% in Asia
Pacific. UBS Group AG employs more than 72,000 people around the
world. Its shares are listed on the SIX Swiss Exchange and the New
York Stock Exchange (NYSE).
© UBS 2021. All rights reserved. The key symbol and UBS are
among the registered and unregistered trademarks of UBS.
1 The Lancet (2020): “Institutionalisation and
deinstitutionalisation of children 2: policy and practice
recommendations for global, national and local actors”. The
Lancet.
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Laura Hastings +1 (212) 882-5705 laura.hastings@ubs.com
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