Ubs
UBS Group AG, commonly known as UBS, is a leading global financial services company headquartered in Switzerland (CH). Founded in 1862, UBS has established itself as a prominent player in the banking industry, with significant operations across Europe, the Americas, and Asia-Pacific. The firm offers a diverse range of services, including wealth management, investment banking, and asset management, catering to both individual and institutional clients. UBS is renowned for its innovative approach to financial solutions, particularly in wealth management, where it leverages advanced technology and personalised strategies to meet client needs. The company has achieved notable milestones, including being one of the largest wealth managers globally, reflecting its strong market position and commitment to excellence. With a focus on sustainability and responsible banking, UBS continues to shape the future of finance while maintaining its reputation for reliability and integrity.
DitchCarbon Score
How does Ubs's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Ubs's score of 97 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ubs's reported carbon emissions
In 2024, UBS reported total carbon emissions of approximately 1,196,111,000 kg CO2e, with Scope 1 emissions at about 18,168,000 kg CO2e, Scope 2 emissions at approximately 12,107,000 kg CO2e (market-based), and a significant contribution from Scope 3 emissions, which totalled around 1,045,659,000 kg CO2e. The previous year, 2023, saw total emissions of about 1,526,212,000 kg CO2e, indicating a reduction in emissions over the year. UBS has set ambitious climate commitments, aiming for net-zero emissions across all scopes (1, 2, and 3) by 2050. They are also a founding member of the Net-Zero Banking Alliance. Notably, UBS has committed to reducing the emissions intensity associated with lending to cement companies by 15% by 2030, compared to 2020 levels, and aims to achieve net-zero emissions in their own operations (Scopes 1 and 2) by 2025. In terms of specific targets, UBS plans to reduce absolute financed emissions associated with loans to oil and gas companies by 71% by 2030, compared to 2020 levels. They also aim to cut energy consumption by 15% by 2025, relative to 2020 levels. Furthermore, UBS has set a target to align 20% of their Asset Management total assets under management with net-zero by 2030. Overall, UBS is actively working towards significant reductions in their carbon footprint while adhering to industry standards and commitments to sustainability.
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| 2012 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 873.5 | - | - | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 376.9 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 253.8 | - | - | 00,000,000 | 00,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Ubs is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
