UBS Eyes China as AI and Net-Zero Trailblazer in Global Economy Shift

At the recent "2024 ESG Global Leaders Conference" held in Shanghai from October 16-18, Lucy Thomas, Managing Director and Head of Sustainable Investing at UBS Asset Management, emphasized the need for cautious management of potential negative impacts from artificial intelligence (AI). Thomas highlighted UBS Group's aim to bring global corporate strengths to Chinese investors and businesses, positioning itself as the preferred bank for international investors in China.

Thomas identified two pivotal trends that will shape the global economy in the coming years: the transition to net-zero emissions and the integration of artificial intelligence. She underscored China's rapid advancements in innovation, positioning it as a leader in these transformative areas. This innovation-driven economy is essential for a successful transition, according to Thomas.

The conference served as a platform to discuss how UBS can leverage its global expertise in ESG (Environmental, Social, and Governance) to benefit both international and domestic stakeholders. Thomas expressed that China’s early adoption and fast-paced development in AI and sustainability are setting the stage for leadership in the global transition to greener and smarter technologies.